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European Shale Gas: A Threat to Gazprom's Future?
GlobalData, July 2010, Pages: 9
European Shale Gas: A Threat to Gazprom’s Future?
Gazprom has long dominated the European natural gas market, meeting a significant portion of the gas needs in the continent. The company has been able to command a good price for its natural gas by linking its gas prices to oil prices as per its pricing policy. However, the successful US shale gas development might be replicated in Europe, which will threaten Gazprom’s status as a dominant European gas supplier. The US shale gas discoveries and their enormous potential have led gas prices to fall tremendously to around $4.16 per million Btu in 2009. This may lead to Europe becoming a self-sufficient natural gas producer in the years to come. Additionally, increased shale gas development might lead to continuously reducing natural gas prices in the future. As a result, Gazprom’s exports to Europe may be reduced or become less profitable. The company might have to develop a proper pricing arrangement based on spot prices with Europe. The company is therefore making some significant adjustments to ward off the challenges it might have to face if Europe successfully develops its shale gas.
- Analyses the impact of Shale Gas' rising prominence in Europe on Gazprom
- Discusses the emergence of shale gas globally and Europe in particular
- Discusses how gazprom has a dominance in the European Gas Market
- Discusses how Shale gas' success in the US can be replicated in Europe
Reasons to buy
- Understand the development of shale gas in Europe
- Gain understanding of the impact of shale gas development in Europe on Gazprom being a significant European gas supplier
- Gain understanding of how Gazprom caters to the European natural gas requirement
- Develop an understanding of how Gazprom is adjusting to the developement of shale gas in Europe
1.1 List of Figures
3 European Shale Gas: A Threat to Gazprom’s Future?
3.1 Western Europe Relies on Indegenous and Algerian Production While Eastern Europe is Dependent on Imports
3.2 European Natural Gas Demand: A Significant Contributor to Gazprom’s Revenues
3.3 Shale Gas: A Revolution in the Oil and Gas Industry…
3.4 and the Revolution may Spiral into Europe As Well
3.5 Europe: A Significant Shale Gas Producer in the Making
3.5.1 Various Significant Shale Gas Plays are emerging in Europe
3.6 Europe’s Shale Gas Success can Emerge as a Replica of the US’s Rising Shale Gas Business
3.7 Shale Gas may Restrain Gazprom’s Dominance in the European Gas Market
3.8 Gazrom is Making Significant Adjustments to its Operations due to the Rising Prominence of Shale Gas
3.9 Shale Gas Development may be Significantly Impacted due to Higher Drilling Costs as European Government Looks Elsewhere
4.1.2 Secondary Research
4.1.3 Primary Research
4.1.4 Expert Panel Validation
4.2 Contact Us