RIGZONE - US Shale Gas Weakening Russian, Iranian Petro-Power -Study

RIGZONE - US Shale Gas Weakening Russian, Iranian Petro-Power -Study: "US Shale Gas Weakening Russian, Iranian Petro-Power -StudyRice UniversityThursday, July 21, 2011
Rising U.S. natural gas production from shale formations has already played a critical role in weakening Russia's ability to wield an 'energy weapon' over its European customers, and this trend will accelerate in the coming decades, according to a new Baker Institute study, 'Shale Gas and U.S. National Security.' The study, funded by the U.S. Department of Energy, projects that Russia's natural gas market share in Western Europe will decline to as little as 13 percent by 2040, down from 27 percent in 2009."
The U.S. natural gas industry transformation still in progress!

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