DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/6m92rh/the_new_shale_gas) has announced the addition of the “The New Shale Gas Countries” report to their offering.
The shale gas and oil revolution has transformed North America’s energy mix, revitalizing its energy-intensive industries, reducing imports of oil, and offering the prospect of natural gas exports both to Europe and the lucrative markets of the Far East. Currently, North America and Canada are the only major producers of commercially viable natural gas and oil from shale formations.
The US shale revolution has resulted from a mix of technological, regulatory, environmental and market factors – that have ultimately allowed firms to produce shale gas profitably. Knowledge of the geology and composition of shale formations outside North America is sparse, requiring extensive study and widespread well-drilling.
Furthermore, it is not clear how much of the identified shale resource is economically recoverable. The desire to emulate North America’s shale experience stems from three must haves. The New Shale Gas Countries report looks at a Baker’s dozen of the most promising shale gas prospective countries, which could be significant in the next decade.
Key findings of this report
There is thought to be an estimated 32,162 trillion cubic feet of risked shale gas in-place and 6,636 trillion cubic feet of technically recoverable shale gas in the world trillion cubic feet.
The world’s country’s currently imports 705.5 billion cubic metres by pipeline and 327.9 billion cubic metres by LNG tanker.
According to BP, shale gas supplies are expected to meet 46% of the growth in gas demand and account for 21% of world gas production by 2035.
The cost of drilling horizontal shale gas well ranges from US$3.5-9m in the US compared with around US$4-5m for drilling a conventional well.
Key Topics Covered:
Chapter 1 Factors behind the American shale gas revolution
Chapter 2 Market demand and potential growth of shale gas supplies
Chapter 3 The new shale countries
Chapter 4 Energy market trends
Chapter 5 Key issues in shale gas exploration and development
Chapter 6 Forecasts and expectations
Chapter 7 Recommendations
For more information visit http://www.researchandmarkets.com/research/6m92rh/the_new_shale_gas