Notwithstanding the commercial production status reached in 2013, shale gas output remains marginal and at a preliminary stage in China. [103] Gripen Gas confirmed in October 2012 that Bergsstaten (Swedish Mines Inspectorate) had awarded the Sandön exploration licence covering 162 km2 in the western part of lake Vättern, in Östergötland County. This is the highest quantity on … 8. [31] In a 2011 report, the US Energy Information Administration estimated that China had 1,275 trillion cubic feet of recoverable shale gas, the largest reserves of all countries surveyed in that report. The seven articles in this e-book examine the shale gas … Russian giant Gazprom announced in October 2009 that it may buy a US shale-gas producing company to gain expertise which it could then apply to Russian shale gas prospects. [54] Opinions polls during the same year showed however that more than 70% of Poles were in favour of exploiting their shale resources. [11] The nation has a number of prospective shale gas targets in various stages of exploration and exploitation in British Columbia, Alberta, Saskatchewan, Ontario, Quebec, New Brunswick and Nova Scotia. [1], In a 2013 report, the US Energy Information Administration estimated the quantity of technically recoverable shale gas for 41 countries. Of the total gas imported in 2010, (17% of the country's annual consumption) 98% of imports came from Russia. Romanian shale gas reserves could consolidate the country's role as the largest gas producer in Central Europe. The Karoo Basin is large, extending across nearly two-thirds of the country, with the southern portion of the basin potentially favorable for shale gas. Unlike in most of Western Europe, Polish coal mines are still active. Energy Minister Constantin Niță has called for more exploration to determine the size of the shale gas deposits. [88][89][90] In 2014 Reuters reported that Chevron and ConocoPhillips are the only two major international companies left. Overall, the report added 11% to world shale gas and oil reserves. [105], Ukraine relies heavily on Russia for its gas imports. [97], Aside from job creation, Chevron has said that its investment alone in the country could total $600 million over the next 15 years. [66] The Danish affiliate, Total E&P Denmark B.V., and the state-owned oil and gas company Nordsøfonden have been granted two onshore licences for exploration in Northern Jutland and North Zealand. for shale in the Olesska field in the west of the country, according [2][8][9] Large reserves of tight oil and gas were in the Vaca Muerta formation. While the shale gas potential of many nations seems promising, there are several obstacles spanning several economic, environmental, technical and social issues grouped in major categories such as access to resources, infrastructure and governance. xtock/Shutterstock.com. kpmg.com/shale. Dutch Shell received a shale agreement with the government earlier World Shale Gas Resources: An Initial Assessment of 14 Regions Outside the United States. Iran is finding itself in a bit of a sticky, or rather oily, spot. [42] The potential reserve of Indonesia shale gas is greater than either CBM or conventional natural gas, with 453 tcf and 334 tcf, respectively. production-sharing agreement has been approved. By 2005, there were 14,990 shale gas wells in the US. The nation has a … (Posted: 11 Apr 2012), "Canada's natural gas resource jumps dramatically in estimates", "Mexico still far from tapping shale potential, minister says", The challenges for shale gas production in Mexico, http://geology.com/energy/world-shale-gas/, The United States Experience as a Reference of Success for Shale Gas Development: The Case of Mexico, "Zetas gang poses daunting threat to Mexico's shale gas", "Study Predicts Natural Gas Use Will Double", "Unconventional Gas and Implications for the LNG Market by Chris Gascoyne and Alexis Aik", "Natural Gas Processors Respond To Rapid Growth In Shale Gas Production date May 2009", "U.S. gas glut fuels chemical plant building boom", https://thenewturkey.org/what-is-turkeys-shale-gas-potential. Hydraulic fracturing, or “fracking”, has transformed oil and gas production in the US, allowing the industry to tap previously inaccessible reserves in shale rock. [3] The Karoo is estimated to have technically recoverable resource of 485 trillion cubic feet (Tcf) of gas. Shale gas has become an increasingly important source of natural gas in the United States over the past decade, and interest has spread to potential gas shales in Canada, Europe, Asia, and Australia. Shell obtained a larger 71,400-mi2 (185,000-km2) TCP surrounding the Falcon area, while Sunset Energy holds a 1,780 mi2 (4,600-km2) TCP to the west of Falcon. Lastly, in Papua Island, the reserves are found in Akimeugah and Bintuni. It's been a consistent theme since the U.S. shale revolution took flight in 2008: not just surging natural gas production but also surging gas reserves. [32], As of April 2012, Shell has already drilled a few wells in Sichuan. about issues related to shale gas activities. China leads the world in shale gas reserves, with more than 1,115 TCF. [29] In November 2009, US President Barack Obama agreed to share US gas-shale technology with China, and to promote US investment in Chinese shale-gas development. North America’s shale gas boom is unlikely to be replicated in other countries, according to a report published on Thursday by the UN Conference on Trade and Development (Unctad). Most of the shale gas about 3.66 trillion cubic meters is in the Baltic Sea Basin, about 1.25 trillion cubic meters within the region of Lublin province, followed by 0.4 trillion cubic meters in the Podlaskie province. Deposits of shale oil / gas are found around the world. [45], As of 2009, Pakistan stands 19th in the world in terms of total technically recoverable shale gas reserves. [56] As of February 2013, five European countries had bans or moratoriums in place against hydraulic fracturing: France, the Netherlands, Luxembourg, the Czech Republic, and Bulgaria; Romania had recently lifted its moratorium. The first commercial gas well drilled in the US, in 1821 in Fredonia, New York, was a shale gas well producing from the Devonian Fredonia Shale formation. With five shale basins preliminarily identified, the business-as-usual scenario in the Strategy encompassed the development of only one shale gas play, with the more favorable scenario adding another play. [98][99], Other companies, e.g. For each scenario, production would start by 2016 with the output expected amounting to 15% and 29% from the total gas production expected by 2026. URL, Louise S. Durham, "Marcellus poised for even more attention,", List of countries by recoverable shale gas, "The Impact of the Changing Global Energy Map on Geopolitics of the World", "Technically Recoverable Shale Oil and Shale Gas Resources: An Assessment of 137 Shale Formations in 41 Countries Outside the United States", "World Shale Gas Resources: An Initial Assessment of 14 Regions Outside the United States", http://aperc.ieej.or.jp/file/2015/11/25/Pathways_to_Shale_Gas_20151124.pdf, "Proposed fracking in South Africa beauty spot blasted", Kyle Younker, Jack Luft. The vital part of this new regulation is that the government now treats oil and gas as oil and natural gas. "[101], Ukraine has Europe's 3rd largest shale gas reserves at 42 trillion cubic feet (1.2 trillion cubic meters). Total has experience producing shale gas in the US. [19] Mexico's shale oil and gas development close to the US border is hampered by the activities of organized criminal groups that include the theft of pipeline products and the extortion to companies in the extractive industries, along with lack of adequate infrastructure; overall, this has resulted in the low economic competitiveness of Mexico's shales in comparison with those across the border in the United States soil. US is making the most of Shale gas as they have lots of inhabited land. Pakistan has about 51 trillion cubic feet (Tcf) of shale gas reserves. Which country is largest producer of oil shale? [30], China launched a national shale gas research centre in August 2010. In Kalimantan Island, the proven reserves are in Barito, Kutei, Tarakan, Melawi, and Ketungau. [43], The Indonesian government has established new regulations to reduce the cost of development of shale gas to ease the advancement of shale gas and bolster exploration both offshore and onshore. [61][62] The exploration plans faced public disaffection that elevated to nationwide protests which led to the decision of the government to ban shale gas exploration in Bulgaria. Shale oil is a substitute for conventional crude oil. These risks and social concerns have resulted in legal restrictions on hydraulic fracturing, that have prevented a more extensive development of shale gas worldwide. [60], Exploration is underway in Austria, where OMV is working on a promising basin near Vienna. Romania's National Agency for Mineral Resources has launched a study to determine the level of national shale gas resources, whilst a study conducted by the US Energy Information Administration, based on estimates made without exploratory drilling, has put Romania's unproven wet shale gas technically recoverable resources (TRR) at a possible 1.4 trillion cubic metres (51 trillion cubic feet): the third largest deposit in Europe behind France and Poland. "Aura's Motala Project covers approximately 140 square kilometres of the Alum Shale. Enegi Oil believes that recoverable gas in the option area is between 1.49 TCF and 3.86 TCF. As a result, the country often has a surplus of electrical power, which supports use of electric cars. As such, gas shales are self-sourced reservoirs. “Pakistan’s shale gas and oil reserves are more than the combined reserves of Central Asian States put together” and still we are depending on IMF & World Bank. [4] Beyond the US and Canada, shale gas is so far produced at a commercial scale only in Argentina and China. The US EIA estimated China’s recoverable shale gas reserves as 1115 TCF, the largest of any country in the world. [64] The Bulgarian government suspended Chevron's license for shale gas prospecting on 14 January 2012. Focus on US, China, Argentina, Australia, Indonesia and UK. The Sasol/Chesapeake/Statoil JV TCP area of 34,000-mi2 (88,000-km2) and the Anglo Coal TCP application area of 19,300 mi2 (50,000-km2) is to the north and east of Shell's TPC. Advance and better technology must be applied if the developer wants to utilize the shale gas. As of 2010, Poland imports two-thirds of its natural gas from Russia. [84], 2011 estimates by the US Department of Energy in 2011 pegged out Polish shale reserves as the largest in Europe. In June 2013, the US Energy Information Administration estimated that Argentina held 802 trillion cubic feet of recoverable shale gas reserves, the third largest in the world. Tapping shale gas resources would greatly boost Poland's proven reserves, and lessen the importance of gas imports from Russia. However, in spite of a hydrocarbons law favo… [83] Exploratory drilling continues. 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