STRATEGIC PERSPECTIVES OF UNCONVENTIONAL GAS:A GAME CHANGER WITH IMPLICATION FOR THE EU'S ENERGY SECURITY
KEYWORDS
Unconventional Gas; Energy supply security (political, economic and technical); Energy policy making; Energy
sector analysis; Geopolitics of global gas supply
CONTENTS
Contents 5
Foreword / Preface 6
Executive Summary 8
Introduction 10
Unconventional Gas – A Primer 11
What Is Typical Unconventional Gas? 12
Development Of Unconventional / Shale Gas In The U.S. 13
What Makes Shale Gas Special? 14
Falling Cost Not A Given? 16
Simultaneous Lng And Shale Gas Developments Have A Major Impact 17
How Long Is This Gas Bubble Expeceted To Last? 18
The Environmental Challenges 20
Prospects For The Global Availability Of Unconventional Gas Resources 24
Shale Gas In Europe : A Revolution In The Making ? 28
Fundamentals, Different Market Structure, And Core Challenges 30
Public Acceptance And The Environmental Debate 31
It’s Economics, Stupid! 33
Higher Cost Of Drilling 35
A Tough Nut To Frac 36
But Rome Wasn’t Built In One Day …. 37
Uncertainty In Eu-27 Gas Demand By 2020 And Its Impact 39
Geopolitical Implications Of Unconventional Gas 42
Summary And Perspectives: Game Changer, Or Not? 35
Appendix 46
Endnotes 50