The final report was expected in June 2011. Iran is finding itself in a bit of a sticky, or rather oily, spot. This is bitterly opposed by a coalition of environmentalists, farmers and local residents. The EIA notes that the country produces 30% of its natural gas requirements and makes up the bulk from Russian and Turkmenistan imports. The prospective Alum Shale was encountered at depths of 75–85 metres in the wells and all wells had gas shows whilst drilling. The government hopes that these new regulations will attract international as well as national investments. As of 2010, Poland imports two-thirds of its natural gas from Russia. Large reserves of tight oil and gas were in the Vaca Muerta formation. Basins of preliminary interest identified by Indian geologists are the Cambay Basin in Gujarat, the Assam-Arakan basin in northeast India, and the Gondwana Basin in central India. More than half of the identified shale oil resources outside the United States are concentrated in four countries—Russia, China, Argentina, and Libya—while more than half of the non-U.S. shale gas resources are concentrated in five countries—China, Argentina, Algeria, Canada, and Mexico. In 2014, three-quarters of the shale gas and oil concessions in the country were held by the Argentinian company YPF (nationalised in 2012) which committed to develop the Vaca Muerta field with US company Chevron Corporation. France has introduced a ban, because of the risks connected to the chemicals used in the hydraulic fracturing process, while Germany has suspended operations awaiting further environmental assessments. [citation needed], A 2012 report from the European Commission states that, unlike the United States, "Shale gas production will not make Europe self-sufficient in natural gas. within five years, according to Reuters. This is before the investment of other oil and gas exploration companies is taken into account. On 8 March 2011, the Quebec provincial government effectively declared a temporary moratorium on the use of chemical fracturing during shale gas drilling pending a stricter full environment assessment audit. (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. Deposits of shale oil / gas are found around the world. Natural gas is a naturally occurring hydrocarbon composed primarily of methane, though it may also contain varying amounts of natural gas liquids (ethane, propane, butane, and pentane) and non-energy components. administration states that its location makes it an important transit country for Russian gas supplies, and disputes have resulted in supply disruptions.[106]. The seven articles in this e-book examine the shale gas … Gripen Gas announced in April 2012 the drilling results from their Ekeby Permit, onshore Sweden. [citation needed], This rapid expansion of shale gas in Canada is not without controversy. 1.5 Shale Gas. kpmg.com/shale. Pakistan has about 51 trillion cubic feet (Tcf) of shale gas reserves. "Technically Recoverable Shale Oil and Shale Gas Resources: An Assessment of 137 Shale Formations in 41 Countries Outside the United States", List of top international rankings by country, List of countries by recoverable shale gas, 2012–14 Romanian protests against shale gas, https://en.wikipedia.org/w/index.php?title=List_of_countries_by_recoverable_shale_gas&oldid=945993509, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 17 March 2020, at 11:53. [100][101], The company Gripen Gas completed test drillings outside Motala in the south-east of Sweden and reported that if all the gas were extracted, it would allow Sweden to keep up its current gas usage rate for 1,000 years. It is projected that … The draft was sent The country was estimated to possess about 1,688 trillion cubic feet (Tcf) of proven gas reserves as of January 2013, accounting for about one fourth of the world’s total proven gas reserves.More than half of Russia’s gas reserves are located in Siberia. Based on existing reports, China may have 30 trillion cubic metres of shale gas reserves. [3] The Karoo is estimated to have technically recoverable resource of 485 trillion cubic feet (Tcf) of gas. 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. The nation has a … Wil VanLoh, chief executive of Quantum Energy Partners, a private equity firm that […] 8. Prime Minister Victor Ponta has also endorsed shale gas, saying he supports both exploration and exploitation. [67] The Danish government has stated, that Denmark should be free of fossil fuels by 2050, and the Danish Energy Agency (Energistyrelsen) has determined that shale gas could be a sustainable link to a green transition in Denmark. 2012 estimates by the Polish Geological Institute put recoverable reserves at only around 350–750 billion cubic meters,[86] and a 2012 assessment by the U.S. Geological Survey estimated 38.09 billion cubic meters of recoverable gas. Global oil reserves shot to 345 billion barrels in the new report. [74][75], In December 2017, to fight against global warming, France adopted a law banning new fossil fuel (including shale gas) exploitation projects and closing current ones by 2040 in all of its territories. A number of these well sites are serviced by Alberta fracturing companies, many of which started out as a one-person operation with the purchase of a cement truck. The Ministry of Economic affairs, Innovation and Agriculture is currently researching the impact of shale gas exploitation, and the results are expected to be published by the end of 2014. to the Cabinet of Ministers for a signature, the article states. By early 2013, the thrill of shale gas started to transform, with less fanfare in the edition of the Strategy that year, recognizing that in spite of the considerable shale gas potential, the path of development chosen would be constrained by Mexico's legal and economic framework, with more favorable opportunities depending on the implementation of more ambitious measures, namely an energy reform that could complement the state-owned oil and gas monopoly of more than 75 years[18]. [104], Aura Energy's recent announcement that they are about to start drilling at their Motala shale gas project in Sweden, is further evidence of the growing interest in unconventional gas resources. After the Drake Oil Well in 1859, however, shale gas production was overshadowed by much larger volumes produced from conventional gas reservoirs. [64] The Bulgarian government suspended Chevron's license for shale gas prospecting on 14 January 2012. "[72], On 5 November 2012, despite a governmental study 'rapport Gallois' advising continuing study of new extraction methods of shale gas due to the groundwater pollution risks associated with hydraulic fracturing, French president François Hollande refused following pressure from the Green Party. [76][77], ExxonMobil holds 750,000 acres (3,000 km2) of leasehold in the Lower Saxony Basin of Germany, where it plans to drill 10 shale-gas wells in 2009. Shell has signed on to explore an area that government estimates indicate could have 113 Bcm (4 Tcf) in reserves. [58][59], European Union Climate Commissioner Connie Hedegaard noted in 2013 that shale gas could be a "game changer" in helping Europe reduce greenhouse gas emissions, as the US has done, by switching from coal to less carbon-intensive natural gas. [23] With 4% annual production growth expected between 2010 and 2030, shale gas has been "a veritable game changer" for the United States. In Sumatra Island, the proven shale gas resources are in the North Sumatra province, Central Sumatra, Ombilin, and South Sumatra. [98][99], Other companies, e.g. [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. On 15 December 2014, Chevron declared that it is pulling out of Ukraine due to the Governments inability to successfully reform the taxation system. Shale gas discoveries are potentially changing the game. 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