Will U.S. Shale Gas Rebalance Global Politics?

Fascinating article from the Houston Chronicle:

The natural gas boom in the U.S. has weakened Russia’s influence on European energy supplies and could keep Iran’s influence in check for years to come, according to a new study from the Baker Institute for Public Policy at Rice University.

The study, “Shale Gas and U.S. National Security,” says the surge of drilling in shale formations will have an impact on global supply for years to come and limit the need for the U.S. to import liquefied natural gas, or LNG, for at least 20 to 30 years.

That means more LNG shipments from the Middle East will be available for Europe, which has been beholden to Russia for a large portion of its gas, supplied by pipelines.

The study, funded by the U.S. Department of Energy, predicts that Russia’s share of the natural-gas market in Western Europe will drop to as little as 13 percent by 2040, down from 27 percent in 2009.

 

 


Kyle

All we have to trade for it is clean drinking water!

Jay

That's okay, Canada has water. Just be prepared to buy our dirty Alberta oil too. :p

Mike B

Does this count the coming shale gas boom in Ukraine that makes use of US Gas technology.

Jim

The shale gas exploration is just starting around here. We have friends who own a quite large parcel. The grow over half of their own food and sell vegetables, eggs and honey. When solicited for gas shale exploration under their property they were very unconcerned about the money, they just wanted a guarantee that should the "fracking" pollute their water supply that they would be justly compensated. The exploration company hasn't gotten back to them.