8/3/2019 Gas Shales in Europe, 2011
1/2
Gas Shales in Europe, 2011 - Market Analysis, Industry
Development andCompetitive Landscape
European Shale Gas Industry is Still at Nascent Stage
Europes shale gas industry is still at its nascent stages of
development. However,
the results of initial exploration activities that are taking
place in Europeancountries are likely to increase future
investments in the sector.
Currently, large investments are focused on acquiring shale gas
acreages acrossdifferent countries in Europe. Both international
and domestic companies in theEuropean oil and gas industry plan to
expandland acquisitions in prospective areas across Europe. As the
regions shale gaspotential has not been proven, the acreage cost in
Europe is significantly lower thanthat in the US.
Poland is inviting investments in its shale plays through the
provision of attractivefiscal terms. As the cost per acreage in
Poland is very low, many IOCs have already
invested to acquire acreage in Poland. These companies include:
ExxonMobil,Chevron, ConocoPhillips, Marathon Oil and Talisman
Energy. In May 2011, Chevroninvested 30m ($44m) for a drilling
license in Bulgaria.
Geopolitics is one of the key factors driving shale gas
development activities inEurope. The region hasvery high natural
gas consumption. Also, the region heavily depends on gas
imports(primarily from Russia, Norway and Algeria) to meet its
natural gas requirements.Russia supplies about 26% of total
European imports of natural gas. Eastern Europeis highly dependent
on Russian gas imports due to theirclose proximity; however, this
poses a threat to the energy security of EasternEuropean countries.
Western Europe has oil and gas resources in the North Sea butis
increasingly dependent on natural gasimports due to declining North
Sea production. The success of shale gas in the UScould help
Europeancountries that hope to replicate the success through the
development of their ownunconventional gassources.
For Sample Pages, please click or add the below link to your
browser:http://www.globalmarketsdirect.com/SamplePdfRequest.aspx?ID=Gas-Shales-in-Europe-2011-Market-Analysis-Industry-Development-and-Competitive-Landscape&Title=Energy_and_Utilities&ReportType=Industry_Report&CompanyID=fb
Shale gas development in Europe faces serious challenges due to
the allegedenvironmental implicationsof hydraulic fracturing
(fracking), the process of shale gas extraction, which
includedrinking and surfacewater contamination. Considering these
alleged environmental implications, anumber of countries in Europe
have enforced moratoriums on the process. Forexample, the Frances
Senate approved ban on
http://www.globalmarketsdirect.com/SamplePdfRequest.aspx?ID=Gas-Shales-in-Europe-2011-Market-Analysis-Industry-Development-and-Competitive-Landscape&Title=Energy_and_Utilities&ReportType=Industry_Report&CompanyID=fbhttp://www.globalmarketsdirect.com/SamplePdfRequest.aspx?ID=Gas-Shales-in-Europe-2011-Market-Analysis-Industry-Development-and-Competitive-Landscape&Title=Energy_and_Utilities&ReportType=Industry_Report&CompanyID=fbhttp://www.globalmarketsdirect.com/SamplePdfRequest.aspx?ID=Gas-Shales-in-Europe-2011-Market-Analysis-Industry-Development-and-Competitive-Landscape&Title=Energy_and_Utilities&ReportType=Industry_Report&CompanyID=fbhttp://www.globalmarketsdirect.com/SamplePdfRequest.aspx?ID=Gas-Shales-in-Europe-2011-Market-Analysis-Industry-Development-and-Competitive-Landscape&Title=Energy_and_Utilities&ReportType=Industry_Report&CompanyID=fbhttp://www.globalmarketsdirect.com/SamplePdfRequest.aspx?ID=Gas-Shales-in-Europe-2011-Market-Analysis-Industry-Development-and-Competitive-Landscape&Title=Energy_and_Utilities&ReportType=Industry_Report&CompanyID=fbhttp://www.globalmarketsdirect.com/SamplePdfRequest.aspx?ID=Gas-Shales-in-Europe-2011-Market-Analysis-Industry-Development-and-Competitive-Landscape&Title=Energy_and_Utilities&ReportType=Industry_Report&CompanyID=fbhttp://www.globalmarketsdirect.com/SamplePdfRequest.aspx?ID=Gas-Shales-in-Europe-2011-Market-Analysis-Industry-Development-and-Competitive-Landscape&Title=Energy_and_Utilities&ReportType=Industry_Report&CompanyID=fb
8/3/2019 Gas Shales in Europe, 2011
2/2
hydraulic fracturing. The bill, however, does not outlaw
extraction of shale gas byother means.
Poland has the largest shale gas reserves in Europe which is
estimated to be 30% ofthe total Europe shale gas reserves. This has
prompted the Polish government todevelop its shale gas resource as
an opportunity to take its economy forward and
also fulfill its much needed energy security. Germany though has
only 1% of thetotal shale gas reserve in Europe is encouraging
shale gas development. Developingshale gas reserve will add to
Germanys efforts to secure its energy requirementsthrough various
sources such as storages, renewable energy and
unconventionalenergy.
Gas Shales in Europe, 2011 Market Analysis, Industry Development
andCompetitive Landscape is the latest report from GlobalData, the
industry analysisspecialists, that provides insight into the
European shale gas industry. The reportpresents shale gas potential
in Europe, and provides details of key explorationareas, major
companies engaged in the exploration of shale gas in Europe,
driversand challenges in shale gas development in Europe, and key
merger and acquisition
(M&A) activities in the European shale gas industry. The
report discusses thedevelopment of shale gas exploration in Poland,
detailing concessions awarded,companies involved, drivers and
challenges associated with the development ofshale gas in the
country, and expected economics. The report also details
keydevelopments in shale gas resources in other European countries
and analyzespotential implications of shale gas development in
Europe on the global oil and gasindustry.
For more updates, please join us at
facebook:http://www.facebook.com/OilandGasMarketIntelligence
Visit our report store: http://www.globalmarketsdirect.com
For more details
contact:[email protected]
North America: +1 646 395 5477Europe: +44 207 753 4299
+44 1204 543 533Asia Pacific: +91 40 6616 6782
http://www.facebook.com/OilandGasMarketIntelligencehttp://www.globalmarketsdirect.com/mailto:[email protected]://www.facebook.com/OilandGasMarketIntelligencehttp://www.globalmarketsdirect.com/mailto:[email protected]
