... will prop up its falling production and account for 7% of the country’s total output. Gas production will be dominated by USA and Russia, with the latter just trailing the former in total volumes produced, but dominate export wise. At 79 Bcf/d of gas output by 2035 Russia will a major player, but its production will predominantly be conventional as only 5% of it will come from shale.
In overall terms fossil fuels will account for 84% of Russian primary energy usage in 2035, down from 89% in 2012. From these ...
... 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 believe it will only be successful there, is USA’s ...
... most growth is transportation or midstream, in contrast to power generation or upstream production, and refining or downstream. In the Russian case the problem is more significant as to replace and just upkeep the current levels of production until 2035 (gas and oil), will require a massive investment of $2.7 trillion – that is around $1 trillion more than Russia’s annual GDP.
Legally wise, it is argued that alterations within the overall legislation and more so on monopolistic laws can ...
