Overview 1
Catalyst 1
Summary 1
Methodology 1
Executive Summary 2
The Shale Gas Industry Outlook 3
The Shale Gas Revolution in North America 3
Advances in horizontal drilling & hydraulic fracturing technology have allowed E&P firms to recover gas which in the past was prohibitively expensive to access 3
The new technology has dramatically reduced the costs of production, thus lowering the threshold price at which producing gas becomes economically viable 4
These technical innovations coincided with a period of high and rising gas prices in the US, stimulating growth in unconventional gas production capacity 5
The growth in US domestic gas production has not only affected American energy markets but other regions as well, through displacing US demand for LNG 6
Oil and gas super-majors have reacted to the shale gas "revolution" by acquiring smaller firms with technical skills and exporting that technology to new markets 7
The Shale Gas Revolution is now being exported to other states around the word 8
Shale gas has the potential to radically alter China's - and thus the region's - energy outlook by displacing LNG and piped gas demand 8
Germany has taken the lead in Europe in attempting to promote the transfer of necessary skills and technology to boost shale gas output 9
Poland's shale gas reserves appear to be located in favourable geographical locations, making commercial production a real possibility 10
Preliminary geological surveys suggest that Sweden may hold significant shale gas resources, but environmental opposition is already mounting 11
India already has good energy ties with the United States and is working to catch up with China in terms of knowledge transfer 12
The French energy mix is heavily reliant on nuclear power but gas will increase its role, mainly as a back-up for wind and solar generation 12
The importance of tourism to the French economy suggests that developing shale resources here may prove more difficult than elsewhere 13
Given the declining reserves in the North Sea and the substantial role of gas in the energy mix, the UK is attracting a lot of investment 13
Global unconventional gas production will exceed 620bcm by 2035, driven mainly by growth in the United States, Canada and China 15
APPENDIX 15
Further reading 15
Ask the analyst 15
Datamonitor consulting 16
Disclaimer 16
List of Figures
Figure 1: Horizontal Drilling and Unconventional Reserves 4
Figure 2: Natural Gas Production in the United States (Trillion Cubic Feet) 5
Figure 3: US Gas Output (Billion Cubic Meters/year) 6
Figure 4: Global LNG supply will more than double in the next four years 7
Figure 5: Global shale gas reserve estimates ('000 billion cubic meters) 8
Figure 6: World tight gas, shale gas, and coal-bed methane production by region (TCF) 15
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