SG Commodities Review: The four consequences of the US shale gas revolution

SG Commodities Review: European Gas and LNG

Thierry Bros
2013.03.20

The four consequences of the US shale gas revolution

1/ US coal is displacing Russian gas in Europe

The US shale gas revolution pushed Cheap US coal and is displacing expensive gas for power generation in Europe. But, faced with record low European gas demand, Norway managed to increase its production, forcing Gazprom to act as the swing supplier.

SG Commodities Review: European Gas and LNG

SG Commodities Review: European Gas and LNG

Thierry Bros
2013.03.20

■ Norway exported a record 107.6 bcm of pipe gas in 2012, according to the gas system operator Gassco.

2013 Outlook Commodities Review: European Gas and LNG

2013 Outlook
Commodities Review

European Gas and LNG
Thierry Bros

Key points

■ On 8 October, the second 27.5 bcm/y Nord Stream line was launched, bringing the facility’s total capacity to 55 bcm/y (the first line was opened in November 2011). The pipeline is designed to bring greater stability to the supply of Russian gas to Europe by reducing dependence on transit countries, with which Russia has repeatedly faced serious issues over gas prices.