WTI Crude

Loading...

Brent Crude

Loading...

Natural Gas

Loading...

Gasoline

Loading...

Heating Oil

Loading...

Rotate device for more commodity prices

EIA Releases Worldwide Shale Gas Resource Report

The US EIA has released a 350 page report (51 MB PDF Download) assessing the world shale gas resources (for 32 selected nations). While the huge US shale gas bonanza is well known, the wealth of shale gas in the rest of the world was not as widely known prior to the publishing of this report.

Estimated Global Shale Gas Resources

As the technology and expertise for developing this resource spreads out from North America to Europe, Asia, South America, and Oceania, we can expect the global energy equation to change drastically -- just as it has changed recently within the US and Canada.

The location of these resources -- inside nations not typically known for their vast hydrocarbon deposits -- is a huge reason why shale gas will shake the established energy order to its foundations.

The initial estimate of technically recoverable shale gas resources in the 32 countries examined is 5,760 trillioncubic feet, as shown in Table 1. Adding the U.S. estimate of the shale gas technically recoverable resources of 862 trillion cubic feet results in a total shale resource base estimate of 6,622 trillion cubic feet for the United States and the other 32 countries assessed. To put this shale gas resource estimate in some perspective, world proven reserves5of natural gas as of January 1, 2010 are about 6,609 trillion cubic feet,6 and world technically recoverable gas resources are roughly 16,000 trillion cubic feet,7largely excluding shale gas. Thus, adding the identified shale gas resources to other gas resources increases total world technically recoverable gas resources by over 40 percent to 22,600 trillion cubic feet. _USEIA Report Summary

By. Al Fin




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News