... See: ChinaTimes). A positive sign is that Fitch Rating Agency does not expect US shale to impact Asian markets in the medium-term which is good for Russia and that domestic reforms currently in motion in China will also not alter the playing surface. Russia needs to secure energy contracts, but it seems time is still there (See: ShanghaiDaily). Interestingly, even with spectacular growth rates of shale production in the USA, its has had relatively small indirect impact on global prices - as many anticipated. For instance, it has not helped Japan, as the fledgling economy has seen prices explode by 77% since January 2011, with a total of 7% of GDP going to import of energy ...
... to buy. If statistics outlined in the article stand up to the test of time, the US shale fever could substantially impact the energy league table. I also include some personal insight and pictures for clarity as I go along, please feel free to leave a comment – lets make these blogs interactive!
Shale Gas History (USA):
The New Times – a Russian weekly – reports that the US Shale Revolution is picking up pace at unprecedented levels, mirroring Klondike Gold ...
During the process of preparing and researching for my dissertation «The Role of Eastern Energy Strategy in the Russian Foreign Policy: Opportunities and Threats» at the HSE, I was introduced to this insightful publication «Energy ... ... substantial net-importer of gas into almost a self-sustainable entity, with a net-equal position between its imports and exports. USA even had to convert its now useless LNG terminals (which it first built at a massive cost to assure gas supplies in early ...
... Mayan apocalypse as some may have felt, but in today’s world things change quickly making one ponder – what must be done to stop any changes, how to adapt to them if they occur and what if sceptics are right?
«Oil and Gas Dialogue: Russian Gas in the European Market» Joint International Forum held at IMEMO RAN conference hall on 7th December 2012; moderated by Ivanova N. I., RAN Academic and Associate Director of IMEMO RAN, and Eric Dam, General Director of Energy Delta Institute.
Optimism Remains Thin in the Air:
As the world continues to scuffle against the most severe economic crisis, optimism remains thin in the air, conceivably as uncertainty is easier to sell. The IMEMO RAN forum was no different,...
... to the Asian market. But as discussed the issue of export and the local base is key as it will decided the end price. Unless Russia offsets the cost for gas from the current $400 per 1000 cubic meters, it could begin to lose market share – which has not changed in the last decade. The decision must be well calculated, yet quick, as USA has almost achieved independence from energy imports due to shale which could supply North America, Australian shale could supply Asia, Israel has off-shore shale potential,...
