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IEA principal states US shale gas change unlikely to be duplicated
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The head of the International Energy Firm alerted Thursday that theshale gas change in North America was not likely to be duplicated elsewherein the globe, and that its impact would certainly be most likely felt through anincrease in LNG supplies to the worldwide market.
Talking in St Petersburg at the launch of the IEA's medium-term gasmarket overview, IEA exec director Maria van der Hoeven claimed there weremajor challenges that would restrain the advancement of shale gas in Europe andChina.
So rather, it is the forecasted beginning of LNG exports from the United States andCanada that will certainly have the most significant influence on international gas markets.
" The North American transformation will certainly affect gas markets more by spillingexports onto the LNG market than by the spread of that transformation itself," van der Hoeven stated.
" The LNG market is limited-- the additional materials [from The United States and Canada] willbe welcome. It will boost energy safety and security," she claimed.
" The United States is moving ahead-- it will certainly not take years. It will be a relevantLNG merchant," she said.
Van der Hoeven additionally put a dampener of the possibility of shale gas inEurope and also China.
" organic chemicals holds very large shale gas reserves; they are there, perhapscomparable to the US, yet they are extremely challenging to accessibility," she claimed.
" There are challenges: complicated geology, population thickness, waterquestions as well as regulatory impediments," she said.
She claimed that China would certainly conquer these challenges eventually, butthrough 2020, she claimed Chinese gas production development would be controlled byother sources such as coalbed methane as well as tight gas, "yet not shale gas."
In Europe, van der Hoeven additionally stated population thickness, regulatoryobstacles as well as various geology implied it would likely not mirror the shalegas change in the United States.
Poland, for instance would certainly become a shale gas manufacturer but that theamount it would certainly have the ability to generate would be really tiny in comparison withoutput from Eagle Ford in the United States, she claimed.
"Yet whatever occurs with shale gas, be it in Russia, China or the US, it will have an effect on the international industry," she said.
Talking in St Petersburg at the launch of the IEA's medium-term gasmarket overview, IEA exec director Maria van der Hoeven claimed there weremajor challenges that would restrain the advancement of shale gas in Europe andChina.
So rather, it is the forecasted beginning of LNG exports from the United States andCanada that will certainly have the most significant influence on international gas markets.
" The North American transformation will certainly affect gas markets more by spillingexports onto the LNG market than by the spread of that transformation itself," van der Hoeven stated.
" The LNG market is limited-- the additional materials [from The United States and Canada] willbe welcome. It will boost energy safety and security," she claimed.
" The United States is moving ahead-- it will certainly not take years. It will be a relevantLNG merchant," she said.
Van der Hoeven additionally put a dampener of the possibility of shale gas inEurope and also China.
" organic chemicals holds very large shale gas reserves; they are there, perhapscomparable to the US, yet they are extremely challenging to accessibility," she claimed.
" There are challenges: complicated geology, population thickness, waterquestions as well as regulatory impediments," she said.
She claimed that China would certainly conquer these challenges eventually, butthrough 2020, she claimed Chinese gas production development would be controlled byother sources such as coalbed methane as well as tight gas, "yet not shale gas."
In Europe, van der Hoeven additionally stated population thickness, regulatoryobstacles as well as various geology implied it would likely not mirror the shalegas change in the United States.
Poland, for instance would certainly become a shale gas manufacturer but that theamount it would certainly have the ability to generate would be really tiny in comparison withoutput from Eagle Ford in the United States, she claimed.
"Yet whatever occurs with shale gas, be it in Russia, China or the US, it will have an effect on the international industry," she said.
