Shale Gas - : Revolution or Evolution of Global Gas Market?
Shale Gas - : Revolution or Evolution of Global Gas Market?
Shale Gas - : Revolution or Evolution of Global Gas Market?
Agenda:
Importance
History
USA story
Rest of the world
Main players
Eco issues
Source: IEA
When it began?
Development of technology
How it works?
443 m
443 m
443 m
443 m
$77
billion in
2010
600,000
jobs
$926
savings per
household
$23,16
hourly
wage rate
$933 Billion in
Tax Revenues
Whos next?
Chinese policymakers and state behemoths are laying the groundwork to begin
extracting the countrys apparently mighty shale gas resources.
China has set itself an ambitious target of producing 229.5 billion cubic feet of shale gas a year
by 2015.
Excitement about a potential Indian shale gas boom is building. As yet, there is not
enough evidence to justify the hype.
Shell and other shale gas contenders meet stiff resistance in South Africa, which has
the continents most promising reserves of the gas.
BUT
Revolution or evolution?
EUROPE
Europe, with higher population
density, higher environmental
hurdles and increased levels of
government coordination, will likely
see a shale evolution. Europe will
require more environmentally
friendly materials and more advanced
horizontal drilling technology.
CHINA
Chinas lower population density in regions with shale gas
potential, less restrictive environmental concerns, centralized
government planning and willingness to invest enables replication of
the US manufacturing-style shale development. The likely result will
be a shale revolution as China progresses rapidly along the shale
gas learning curve.
Delloite.
SOUTH AMERICA
Shale reserves in Brazil are estimated to
be one of the biggest in the region, but
there has been little interest or investment
in exploring this resource. Argentina is the
only South American country that seems
set to embark on full-scale shale gas
production, primarily in the Neuqun Basin.
Development of shale gas in Argentina will
be valuable to the country and occur at
reasonable prices. Further, given the
Argentine government's willingness to
support these projects, we expect that
shale gas field development will continue to
be allowed.
KPMG
Questions?