Shale Gas Production Market Prospects in Europe & US Spoiling Russia's Gas Party

ReportsnReports.com adds “Shale Gas Market Prospects in Europe - Poland Set to Lead Regional Development Backed by Government Support to Domestic as well as International Players for Fracking” that says recent shale gas explorations in Europe have proved highly promising, and with the US already sitting on a number of vast plays, the suggestion that Russia's gas export dominance may soon be at an end is gaining weight.

Dallas, Texas (PRWEB) November 15, 2012

The International Energy Agency (IEA) stated that unconventional gas reserves in Europe, including tight gas, shale gas and Coal Bed Methane (CBM), are estimated to be around 3,500 trillion cubic feet (tcf). If these reserves were commercially exploited they would produce more than enough to sustain the continent's gas demand for the next 60 years. Shale gas prospects in Europe may well reshape the continent's energy market dynamics by easing reliance on Russian natural gas imports.

However, Russia provided around a third of the 16.5 trillion cubic feet (tcf) of natural gas imported by Europe last year alone, and so a move towards self-sustainability could prove highly damaging to this Eastern European nation's hydrocarbon export sector. In addition, shale play exploitation is expected to not only provide the US with enough gas to meet domestic demand, but place the country in a healthy position to export gas to the lucrative Asian market – and at a lower price than its rival Russia.

Europe faces a number of challenges on the road to reaching its shale gas potential, including geological, environmental and political issues that will take time and the implementation of specific EU regulatory directives to address.

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Table of Contents for this report cover:

1 Table of Contents 7
1.1 List of Tables 9
1.2 List of Figures 9
2 Introduction 10
3 Europe Shale Gas, Overview 11
4 European Shale, Key Drivers and Challenges 14
4.1 Decreasing Production from Conventional Reserves is Prompting European Countries to Find Alternative Sources such as Shale Gas 14
4.2 Exploitation of Shale Gas Resources Could Reduce Increasing Import Dependency of European Countries 16
4.3 International Oil Companies Actively Involved in Research Initiatives Expected to Develop Prospective European Shale Assets 17
4.4 Lack of Experience and Inadequate Infrastructure are Major Concerns for Shale Development 17
4.5 Environmental Concerns are Hampering Shale Gas Development in Europe 17
5 European Union Regulatory Framework 18
5.1 EU Directives on Water 19
5.2 EU Directives on Protection of the Environment 19
5.3 EU Directives on Safety at Work 20
5.4 EU Directive on Radiation Protection 20
5.5 EU Directives on Waste 21
5.6 EU Directives on Chemicals and Associated Accidents 22
6 Shale Gas Prospects, Poland 23
6.1 Natural Gas Industry, Poland, Overview 23
6.2 Shale Gas Prospective Basins, Poland 23
6.2.1 Baltic Basin 24
6.2.2 Lublin Basin 25
6.2.3 Podlasie Basin 26
6.3 Shale Gas Activities, Poland, 2012 27
6.4 Regulatory Bodies and Relevant Legislation 27
6.5 Key Fiscal and Taxation Policies 28
7 Shale Gas Prospects, Eastern Europe 29
7.1 Shale Gas Prospective Basins, Eastern Europe 30
7.1.1 Baltic Basin 30
7.1.2 Dnieper-Donets 31
7.1.3 Lublin Basin 32
7.2 Shale Gas Prospects, Ukraine 33
7.2.1 Natural Gas Industry, Key Statistics 33
7.2.2 Shale Gas Development Activities, Ukraine, 2012 33
7.2.3 Regulatory Bodies and Relevant Legislation 33
7.2.4 Key Fiscal and Taxation Policies 34
7.3 Shale Gas Prospects, Lithuania 34
7.3.1 Natural Gas Industry, Key Statistics 34
7.3.2 Shale Gas Development Activity, Lithuania, 2012 34
7.3.3 Regulatory Bodies and Relevant Legislation 34
7.3.4 Key Fiscal and Taxation Policies 34
8 Shale Gas Prospects, Western Europe 35
8.1 Shale Gas Prospects, France 35
8.1.1 Natural Gas Industry, Key Statistics 35
8.1.2 Shale Gas Development Activities, France, 2012 35
8.1.3 Regulatory Bodies and Relevant Legislation 36
8.1.4 Key Fiscal and Taxation Policies 36
8.2 Shale Gas Prospects, Germany 37
8.2.1 Natural Gas Industry, Key Statistics 37
8.2.2 Shale Gas Development Activities, Germany, 2012 37
8.2.3 Regulatory Bodies and Relevant Legislation 37
8.2.4 Key Fiscal and Taxation Policies 37
8.3 Shale Gas Prospects, the UK 38
8.3.1 Natural Gas Industry, Key Statistics 38
8.3.2 Shale Gas Development Activities, the UK, 2012 38
8.3.3 Regulatory Bodies and Relevant Legislation 38
8.3.4 Key Fiscal and Taxation Policies 38
8.4 Netherlands 39
8.4.1 Natural Gas Industry, Key Statistics 39
8.4.2 Shale Gas Development Activities, Netherlands, 2012 39
8.4.3 Regulatory Bodies and Relevant Legislation 39
8.4.4 Key Fiscal and Taxation Policies 39
8.5 Spain 40
8.5.1 Natural Gas Industry, Key Statistics 40
8.5.2 Shale Gas Development Activities, Spain, 2012 40
8.6 Austria 41
8.6.1 Natural Gas Industry, Key Statistics 41
8.6.2 Shale Gas Development Activities, Austria, 2012 41
9 Major Companies Operating in Europe Shale Development 42
9.1 ExxonMobil 43
9.2 Chevron 43
9.3 ConocoPhillips 44
9.4 Polskie Gornictwo Naftowe i Gazownictwo SA - Polish Oil & Gas Company SA 45
9.5 Marathon Oil Corporation 45
9.6 3Legs Resources 46
9.7 BNK Petroleum 46
9.8 Hutton Energy 47
9.9 San Leon Energy 48
9.10 Talisman Energy 48
10 Appendix 49

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