Shale Revolution – Full Steam Ahead!
... fruition. In 2000 shale gas accounted for less than 1% of the US energy mix, but in 2011 this figure has exploded to 34%, or 214 billion cubic meters. Currently, 16 US states have shale operations. As a result, US natural gas imports fell by 45% whereas LNG import decline by 19% since shale inception. Impressively, by 2015 the overall energy figure should increase to 43% and by 2035 to 60% – if correct, making US the leading gas producers in the whole world, although that is a very high target. Characteristics of US Market: First crucial reason for Shale Revolution occurring in the US, and arguably as many observers ...