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Global energy shift Elena Telegina Director of the Institute of Geopolitics and Energy Security Corresponding Member of Russian Academy of Sciences Dean, International Energy Business Department Doctor of Economics, Professor Russian University of Oil and Gas.
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Global energy shift Elena Telegina Director of the Institute of Geopolitics and Energy Security Corresponding Member of Russian Academy of Sciences Dean, International Energy Business Department Doctor of Economics, Professor Russian University of Oil and Gas The Baltic Forum, 25-26 October 2013
Regional GDP growth, World Bank 2013 Russia 2,3 % (-1,1%)* EU -0,6% (-0,1%)* USA 2,0 % -0,2%)* China 7,7 % (-0,1%)* Japan 1,4 % (-0,6%)* (+0,1%)* (-1,0%)* (-0,2%)* (+0,4%)* Latin America 3,3 % (+0,3%)* (+0,5%)* World GDP 2013 2,2% (-0,1%) * % of change 2013to 2012
Gas slows down but still expands its role • Global gas consumption grows at 100 bcm/year • Gas is growing faster than oil at 2,4%/year but continues to fall behind coal • Transportation emerges as a major demand accounting for 10% of gas demand growth driven by China and United States Medium-term Oil Market Balance
US Shale Fields Proven resources- 24 tcm
Shale gas in US gas production, tcf per year
US oil shale production US oil shale production will increase to 1,9 mbd in 2016
*EIA estimates used for ranking order. API estimates in parenthesis
Shale gas reserves Shale gas Reserves 2012 Production Banned Allowed Production possible. but under discussion
US gas prices decreasing $/th cm $/bl Цены на газ в США стремительно падают Подробнее: http://investfuture.ru/articles/id/4737 Цены на газ в США стремительно падают Подробнее: http://investfuture.ru/articles/id/4737 Цены на газ в США стремительно падают Подробнее: http://investfuture.ru/articles/id/4737 Gas, Indonesia Gazprom-Europe Gas, USA Brent Finmarket.ru
US Shale Gas Production, bcm/year US Gas Prices, $/MMBtu Credit Suisse prices forecast
Unconventional gas in Russia 83 700 tcm of CBM (coal bed methane) Lena Basin Irkutsk Basin South Yakutia Talnyr Basin Zaryan Basin Eastern Donbass Pechora Basin Tungus Basin Kuzbass
Change in current account balance as % of GDP in alternative oil price scenarios PWC 2013
Costs of oil and gas production IEA WEO
Projects in advanced stage could transform the US into the №3 LNG exporter (after Qatar and Australia) IEA