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. Europes shale gas resources are within the top 10 worldwide. Exploration and environmental and economic impacts explores the shale gas exploration and production activities that are increasing globally, also presenting a basic understanding on the geological, geochemical, and geophysical aspects. The gec certifies that you have mastered a certain breadth and depth of energy industry knowledge to help you excel within your current energy industry position or enter the energy industry. Pdf growing population in india suggest that demand for energy in this region is likely to. The list of countries where fracking could unlock oil and gas reserves grew this year. Technically recoverable shale oil and shale gas resources. The gec designation program is a 100% online continuing education course. The us production increase was driven by shale plays in marcellus, haynesville and permian. Figure 12 united states natural gas production, 19702016 billions of cubic feet per day. New technology such as horizontal drilling and fracking not only opened up natural gas reserves, it also allowed drilling in urban areas which presented new challenges to both communities and oil companies.
China is promoting the exploitation of domestic shale gas resources 9,10,11,12, which is estimated as the worlds largest technically recoverable shale gas reserves. The successful pilot testing of firstever shale gas on surface will put india on shale gas map of the world. Shale tight oil and shale gas proved reserves na 97 shale tight oil and shale gas unproved resources 345 7,201 other proved reserves 1,642 6,741 other unproved resources 1,370 8,842. Numbers for the estimated amount of recoverable shale gas resources are provided alongside numbers for.
In that time, the global gas industry has gone through a significant transformation, characterized by the north america shale. China has become the worlds thirdlargest shale gas producer, after only the u. Sep 22, 2015 the gas reserve spread over 12,000 square km in the durgapur ranigunj area is the worlds third shale gas find. Ictsd global platform on climate change, trade and sustainable energy. Shale gas development in recent years has changed the energy discussion in the us as existing reserves of natural gas.
Carbon footprint of global natural gas supplies to china. About shale gas shale formations are finegrained sedimentary rocks with low permeability. Shale gas reservoirs are finegrained and rich in organic carbon content that signifies large gas reserves 1. There are disparities in lithology in gas shales which point. The rapid expansion of shale oil and gas production in the united states from 2009 to 2014 has been associated with a period of historically low interest rates and. The proliferation of activity into new shale plays has increased shale gas production in the united states from 0.
This book discusses the economic, political, and environmental issues surrounding the international exploration and exploitation of conventional and unconventional natural gas. But even without russia developing its large shale reserves, opec is looking more ancient by the day. Shale gas market size, share industry report and forecast. Aug 29, 2017 but even without russia developing its large shale reserves, opec is looking more ancient by the day. Because, shale gas is an unconventional form of natural gas and without proved natural gas reserves and consumption projections one cannot make a sound judgement about the role of shale gas in the global energy mix of tomorrow. Unconventional oil and gas resources in future energy markets. The countrys gas reserves have geologic similarities to its neighbor poland, and the lublin. List of countries by recoverable shale gas wikipedia. In an initial assessment of shale oil resources and an update of shale gas reserves, the us energy information agency said shale deposits could add 345 billion barrels of oil to global reserves.
A growing resource congressional research service 2 6u. Jun 10, 20 in an initial assessment of shale oil resources and an update of shale gas reserves, the us energy information agency said shale deposits could add 345 billion barrels of oil to global reserves. Gas 2018, the latest iea annual market report, assesses these trends and provides a detailed analysis of supply and trade developments, infrastructure investments, and demandgrowth forecast. Shale gas processing equipment market size, share and. Lower and less volatile prices for natural gas in the past. Production of shale gas worldwide by country 2040 statista. This period has been mainly referred to as the shale gas boom or revolution and the growth of natural gas production in the united states through shale gas extraction has led.
Industry becomes a major player in gas markets, while the united states cements its position as a top producer and exporter thanks to its shale revolution. Unconventional gas, a global phenomenon world energy council. Shell has signed on to explore an area that government estimates indicate could have 1 bcm 4 tcf in reserves. Natural gas extracted from organic rich shale rock formations has become the fastestgrowing source of gas in usa and could become a significant new global energy alternative unconventional source. The study is a gift to the hydraulic fracturing fracking industry worldwide, as it advances some impressive data on global shale gas and shale oil reserves, many of which have energy. Sep 25, 2015 world shale resources grow with reserves in new countries. Water availability and business risks, the world resources institute wri fills this gap, providing the first publicly available, global and countryspecific analysis to help evaluate freshwater availability across shale resources worldwide. Gas shale is the name given to a shale gas reservoir play.
This is a list of countries by recoverable shale gas based on data collected by the energy information administration agency of the united states department of energy. Where to focus commercial resources discusses the second wave of shale gas development that bcg believes will take placeoutside of north americaover the next five years. Prospects for shale gas development in asia center for. In this regard, important developments have occurred in the united states of america since the mid2000s. Theory, technologies, and challenges provides users with information on how shale oil and gas exploration has revolutionized todays energy industry. Unconventional gas a global phenomenon world energy council. This statistic shows the proved reserves of shale gas in the united states from 2016 to 2018, by basinshale play. Numbers for the estimated amount of recoverable shale gas resources are provided alongside numbers for proven natural gas reserves. Equipment used in the shale gas processing are known as shale gas processing equipment.
They might be rich sources of petroleum and natural gas. Using geospatial analysis to combine indicators from wris. Growing supplies of unconventional gas, led by the united states us shale gas story, are entering regional natural gas markets and they have the potential to reflect a significant share of future natural gas supply additions globally. The natural gas game changer the development of shale gas plays has become a game changer for the u. Shale gas is natural gas trapped within the shale formation and is derived from underground shale deposits that are broken up by a process known as fracking or hydraulic fracturing. World shale resources grow with reserves in new countries. Global gas report 2018 2 natural gas is in the midst of a rapid growth phase. Global natural gas production increased by 190 bcm, or 5.
Natural gas produced from shale formations is called shale gas. N9 shale gas united nations conference on trade and. The global impact of unconventional shale gas development. Shale gas formations are unconventional reservoirs i. The ongoing rise of shale gas boston consulting group. The gas reserve spread over 12,000 square km in the durgapur ranigunj area is the worlds third shale gas find. Poland, and the uk, seek to exploit the shale reserves within their borders. Us oil and gas reserves and production study 1 the us oil and gas reserves and production study is a compilation and analysis of oil and gas reserve disclosure information as reported by publicly traded companies in their annual reports filed with the united states securities and exchange commission sec.
Us oil and gas reserves and production study 1 the us oil and gas reserves and production study is a compilation and analysis of oil and gas reserve disclosure information as reported by publicly traded companies in their annual reports filed with the united. The extraction of gas from the shale reserves is challenging due to the presence of different types of rocks and the need to assess different characteristics before extraction. When russia finally hops on shale bandwagon, opec is. The unlocking of domestic shale gas reserves could help india meet its growing energy demand, besides reducing its. The book is a key reference that is useful for researchers, the oil and gas industry, and policymakers in gas producing and prospective countries.
In total, the report assessed 48 shale gas basins in 32 countries, containing almost 70 shale gas formations. As activity has boomed and job growth continues to increase, training in this area for new and experienced engineers is essential. Thoroughly researched and well written, shale boom. Global shale gas market 20182022 research and markets. Permeability refers to the capacity of a porous, sediment, soil or rock in this case to transmit a fluid. In 2015, the united states produced some 37 billion cubic feet per day of. Oct 09, 2014 the seven articles in this ebook examine the shale gas revolution through a number of lenses. It is informative to put the numbers for chinas reserves into the global context. The development of unconventional gas resources, especially shale gas, in china and indiatwo of the worlds fastestgrowing economieswarrants close observation because of the potential economic and energy security benefits that successful development could bring to the two nations. Almost half of this came from the us 86 bcm, which as with oil production recorded the largest annual growth seen by any country in history.
We are a participant in the amazon services llc associates program, an affiliate advertising program designed to provide a means for us to earn fees by linking to and affiliated sites. The analysts forecast the global shale gas market to grow at a cagr of 5. Pdf statistical study of natural gas reserves and exploration of. With shale gas deposits being found in areas that previously had no exploitable gas reserves, shale gas production could turn countries that traditionally import.
Energy information administration, annual energy outlook 2015 assumptions report. Oil shale does not contain oil oroil shale does not contain oil or made of shalemade of shale instead, it is deposits of kerogeninstead, it is deposits of kerogen within sedimentary rockwithin sedimentary rock kerogen is the product of the firstkerogen is the product of the first stage of organic matter. The new global shale gas resource estimate is 10 percent higher than the estimate in the 2011 report. Shale gas reservoirs are spread over large areas up to 500 m. This contrasts with a conventional gas reservoir produced from sands and carbonates such as.
Comparison of the 2011 and 20 reports ari report coverage 2011 report 20 report. In 20, proved shale gas reserves of the world is estimated at nearly 2. When russia finally hops on shale bandwagon, opec is finished. The seven articles in this ebook examine the shale gas revolution through a number of lenses. In 2009, shale gas reserves increased 76%, while production rose 47%. Shale gas is produced by hydraulic fracturing and its process and impacts on environment such. However, gas production from shale gas reservoirs is quite different than. Shale gas discoveries are potentially changing the game. The charts below outlines the top ten countries with the largest resources of shale oil and shale gas as per this assessment. Since 2010, average global gas consumption has grown by 1.
Circle color indicates average water stress level across a countrys shale playscircle size indicates overall volume of recoverable shale gas resources. Current perspectives and future prospects in turkey and the world. Reserve base lending and the outlook for shale oil and gas. Shale gas is natural gas that is found trapped within shale formations. The implications of this phenomenon on global markets are an important consideration for energy professionals seeking to understand the future of the industry. The ongoing rise of shale gas bcg global management. These assessments cover the most prospective shale gas resources in a select group of countries that demonstrate some level of relatively nearterm promise and for basins that have a sufficient amount of geologic data for resource analysis.
According to ongc estimates, indias shale gas reserves range between 600 and 2,000 trillion cubic feet. Jan 15, 2020 this statistic shows the proved reserves of shale gas in the united states from 2016 to 2018, by basinshale play. The countrys gas reserves have geologic similarities to its neighbor poland, and the lublin basin could be 10 to 15 times the size of the barnett shale. Advances in technologies for extracting oil and gas from shale formations have dramatically increased u. This statistic shows the production of shale gas worldwide by selected country in 2015, with projected figures for 2040.
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