The shale gas industry is only a regional experience circumscribed to the U.S. which is already exploiting some of its resources,while building an infrastructure to export gas as LNG.
Optimistic economic journalism has since lately written about the U.S. shale gas boom production
as a game changer for the price of oil and gas prices at global markets. But Deloitte's research has found that in a closer examination of the development of the world's shale gas industry, only the
U.S. is currently exploiting its resources,other countries with certain exploration and known
reseves of shale gas are China,Argentina and Poland, but are only in a nascent stage. So for the time
being and for the forseeable future, next 3 years, the US shale gas production will have limited impact on global markets.
"The U.S. is on the cusp of becoming a shale globalizer"says Deloitte. With low local prices and surging production U.S. gas producers want to export gas as LNG to profit from substantially higher prices in Asia. Still the export of U.S. gas is pending, Government exports approval are the most
important matter.
The propect of U.S. gas exports has many observers(many in Asia), hopeful that U.S LNG indexed to
Henry Hub prices will also be exported, eroding the existing long-term contract price indexed to crude
oil.
Optimistic economic journalism has since lately written about the U.S. shale gas boom production
as a game changer for the price of oil and gas prices at global markets. But Deloitte's research has found that in a closer examination of the development of the world's shale gas industry, only the
U.S. is currently exploiting its resources,other countries with certain exploration and known
reseves of shale gas are China,Argentina and Poland, but are only in a nascent stage. So for the time
being and for the forseeable future, next 3 years, the US shale gas production will have limited impact on global markets.
"The U.S. is on the cusp of becoming a shale globalizer"says Deloitte. With low local prices and surging production U.S. gas producers want to export gas as LNG to profit from substantially higher prices in Asia. Still the export of U.S. gas is pending, Government exports approval are the most
important matter.
The propect of U.S. gas exports has many observers(many in Asia), hopeful that U.S LNG indexed to
Henry Hub prices will also be exported, eroding the existing long-term contract price indexed to crude
oil.
