This webpage has been developed to answer the many questions that people have about shale gas and hydraulic fracturing or fracking. Economics and politics of shale gas in europe abstract in the wake of the dramatic growth in shale gas production in the united states, interest in shale gas exploration in europe has been driven primarily by concerns over industrial competitiveness and energy security. Shale gas revolution and what it means for international energy geopolitics and new world order. Pdf the impacts of us shale gas on the geopolitics of the middle. The politics of shale gas in eastern europe energy security, contested technologies and the social licence to frack. It focuses on issues such as production technologies, environmental protection, and the impacts of shale gas. Chapter 9 the shale revolution and the international security.
Oil markets are not the only place that shale producers have made their mark. The process involves injecting a mixture of water, sand and chemicals known as fracturing fluid at high pressure into horizontally drilled boreholes to fracture the rock and release gas or oil. Largely due to shale gas discoveries, estimated reserves of natural gas in. Although a late developer, the changing dynamics of both domestic and international gas markets have significantly improved shale gas opportunities. Geopolitical implications of shale gas february 8, 2012 james a baker iii institute for public policy rice university. Proximity to markets canada is the largest supplier of crude oil and re. Our members operate around the globe, producing 40% of the worlds oil and gas. The central argument of this article is that the path to an asian liquefied natural.
The oil industry and its effect on global politics. During this fourweek course, well study the politics, economics, and science of shale gas. This book highlights various aspects of shale gas production and discusses the associated problems, which have greatly influenced the current situation on the global gas market. One indisputable benefit to the shale revolution for the us is the establishment of domestic energy security. Shale gas is natural gas that is found trapped within shale formations. Well examine how shale gas was formed, and how we extract it through hydraulic fracturing, or fracking. Technically recoverable shale oil and shale gas resources. International political economy oil gas arctic petroleum resources technological development energy security russia usa eu extraction transparency initiative the extractive industries transparency initiative eiti central asia southeast asia the australian lng industry the north sea shale gas. Pdf the international political economy of oil and gas. Abundant and lowcost shale gas probably will where politics allows. The principles guiding chinas shale gas policies are set forth in the shale gas fiveyear plan march 2012, which commits to production incentives, accelerated permitting, improved infrastructure and technology innovation. While many examples and practices are drawn from experience in the us, this note is intended to be relevant to a global audience.
While us gas exports via pipeline have increased since 2000, the commencement of us lng exports in 2016 was a seminal event, turning the us into an lng exporter and helping drive changes in global lng markets. Since 2015, unconventional hydrocarbons such as shale and tight have accounted for over 50% of the total crude oil supply, and for around 60% of the total gas supply of that country. International political economy oil gas arctic petroleum resources technological development energy security russia usa eu extraction transparency initiative the extractive industries transparency initiative eiti central asia southeast asia the australian lng industry the north sea shale gas iran africa brazil. According to estimates from the international energy agency, shale gas will enable the us to become selfsufficient by 2030.
Shale gas development in recent years has changed the energy discussion in the us as existing reserves of natural gas. Economics and politics of shale gas in europe cambridge. This paper responds to these needs by describing the importance of shale gas in meeting the future energy needs of the united states u. Shale gas has the potential to turn the worlds energy industry on its head. It lubricates the mechanisms of both national and international politics. The claim made by shale gas s champions is that, in defiance of early. Shale gas has become an increasingly important source of natural gas in the united states since the start of this century, and interest has spread to potential gas shales in the rest of the world. Policy and issues iogp iogp the global oil and gas. It focuses on issues such as production technologies, environmental protection, and the impacts of shale gas production. Apart from political opposition that has shut down shale gas exploration in a number of european member states because of concerns over environmental risks, in some countries notably the uk, the combination of political support and a large, liberalised gas market may offer at least a plausible case for shale gas production. One reason for this may be the role that shalegas development plays. The shale gas boom is having an unprecedented affect on the us energy market, and this, in turn. Political contagion effect now a major component to oil. Despite investing in unconventional blocks to boost production, shale gas development is still in its infancy, and the country will need to import gas for the next 510 years.
The shale gas shock matt ridley foreword by freeman dyson the global warming policy foundation. This book addresses energy research from four distinct international political economy perspectives. Note that shale gas in september 2012 was 35% of the us supply. Currently, most of the worlds shaleoil is coming from the united states, but more may. Together, we identify and share knowledge and good practices to improve the industry in areas such as health, safety, the environment and efficiency. International ari based on data from various published studies. International energy agency distinguishes shortterm energy security the.
The shale revolution and a world without america kindle edition by zeihan, peter. Energy information administration, world shale gas resources. Diverging priorities, overlapping jurisdictions, and asymmetrical data access beth kinne chapter 3 a complex adaptive system or just a tangled mess. Top 10 countries in terms of technically recoverable shale gas resources source. The international political economy of oil and gas. Shale gas in the united states is an available source of natural gas. Turkey in the geopolitics of natural gas summary this paper outlines the role of turkey as an increasingly more important natural gas consuming country while at the same time strategically located as a transit country between major consuming areas in the eu and suppliers in.
The increased production of shale gas in the us has already reduced global gas prices. The main difference between tight gas and shale gas, however, is that tight gas can be found in low permeability sedimentary rocks, such as sandstones, while shale gas rocks are usually impermeable 2 royal dutch shell plc. Us shale gas experience to understand the economic, political and environmental. An initial assessment of 14 regions outside the united. The shale gas shock global warming policy foundation. It finds that the polish shale gas policy regime was strong, based on a powerful political narrative and characterized by an institutional process ensuring the buyin of actors from relevant. Annesophie corbeau, international energy agency1 2. He says technology for natural gas power generation in the field, including to drive rigs and supply local communities, is also developing fast. Permeability refers to the capacity of a porous, sediment, soil or rock in this case to transmit a fluid.
It asks how these meanings are communicated and why certain understandings of the issue gain prominence. Use features like bookmarks, note taking and highlighting while reading the absent superpower. The international political economy of oil and gas editors. There is an argument that the saudis will only displace the crude oil component from the power mix, leaving more gas available for sale to other sectors or for. It is not necessary for europe to be self sufficient in shale gas in order to have a. The shale gas resources assessed in this report, combined with eias prior estimate of u. The journal draws on the experiences in usa, canada and china, but the focus is mainly on europe. This book discusses the economic, political, and environmental issues surrounding the international exploration and exploitation of conventional and unconventional natural gas. Politics and international relations, comparative politics. On the face of it, asian gas hub pricing dynamics in 20142017 look similar to that of europe in 20092012. Led by new applications of hydraulic fracturing technology and horizontal drilling, development of new sources of shale gas has offset declines in production from conventional gas reservoirs, and has led to major increases in reserves of us natural gas.
The global impact of unconventional shale gas development. Straddling the late 2000s and the early 2010s, and following the dawn of the shale gas revolution in north america, european governments have considered the possibility to repeat such an endeavor. Gas markets have also been upended by the shale revolution. Shale gas potential algeria 3rd globally 707tcf shale gas potential south africa 8th globally. Natural gas, us shale dynamics and energy security. We then move on to the environmental politics of shale. Drawing on discourse analysis and framing studies, the article first distinguishes two competing coalitions pro and anti shale and their shared narratives or storylines shale. Shale gas is natural gas formed and held within shale formations. A combination of those things will address the issue of associated gas. Us political, economic, strategic and military relations are unlikely to. An argumentative discourse analysis updated version forthcoming in energy policy matthew cotton1, imogen rattle2, james van alstine2 1 department of town and regional planning, university of sheffield western bank, sheffield, s10 2tn, uk. Abstractthis article examines competing political discourses surrounding shale extraction in the uk. John whitton, matthew cotton, kathy brasier, ioan charnleyparry. The politics of shale gas in eastern europe by andreas.
Prospects for shale gas in the uk samuela bassi policy analyst grantham research institute and cccep london school of economics and political science lmn assets international gas conference session. Download it once and read it on your kindle device, pc, phones or tablets. The information provided below explains the basics, including what shale gas is, where its found, why its important, how its. The resulting political issues could radically alter relations between countries. The study objective was to quantify net water use for shale gas production using data from texas, which is the dominant producer of shale gas in the u.
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