Europe shale gas market to enable reduced reliance on Russian natural gas imports
Recent shale gas explorations in Europe have proved highly promising, and with the US already sitting on a number of vast plays. Shale prospects in Europe may well reshape the continents energy market dynamics by easing reliance on Russian natural gas imports.
The International Energy Agency (IEA) stated that unconventional gas reserves in Europe, including tight gas, shale gas and Coal Bed Methane (CBM), are estimated to be around 3,500 trillion cubic feet (tcf). If these reserves were commercially exploited they would produce more than enough to sustain the continents gas demand for the next 60 years.
However, Russia provided around a third of the 16.5 trillion cubic feet (tcf) of natural gas imported by Europe last year alone, and so a move towards self-sustainability could prove highly damaging to this Eastern European nations hydrocarbon export sector.
In addition, shale play exploitation is expected to not only provide the US with enough gas to meet domestic demand, but place the country in a healthy position to export gas to the lucrative Asian market – and at a lower price than its rival Russia.
It may not be time for Russia to panic just yet, though. Europe faces a number of challenges on the road to reaching its shale gas potential, including geological, environmental and political issues that will take time and the implementation of specific EU regulatory directives to address.
This report provides an in-depth analysis of shale gas prospects and developments in Europe. The report provides information about Europes current shale gas market, and gives information on the European natural gas industry, the regions shale gas reserves, the key characteristics of major shale basins and their contribution to the international markets.
The report also provides detailed information and analysis on the European Union (EU) Regulatory Framework specific to the extractive and mining industries, key drivers and challenges, and key companies engaged in shale gas development in Europe. The report is built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GBI Researchs team of industry experts.
- Shale gas reserves in Europe.
- The EU Regulatory Framework specific to mining and extractive industry.
- Key companies engaged in shale gas development in Europe
- The shale development scenario in Poland, Lithuania, Ukraine, France, Germany, Netherlands, the UK, Spain and Austria.
- Key drivers and challenges in shale gas development in Europe.
Reasons to buy
- Understand the market positioning of the major shale gas countries and companies in Europe.
- Identify opportunities and challenges in the European shale gas market.
- Develop business strategies with the help of specific insights about the second most important shale destination in the world.
- Identify business opportunities through comprehensive knowledge about activities taken up by companies in Europe, especially Poland, for shale development.