Which country has the greatest recoverable shale gas resources?

Which country has the greatest recoverable shale gas resources?

World Shale Resource Assessments

Unproved technically recoverable
Country wet shale gas (trillion cubic feet) tight oil (billion barrels)
U.S.1 622.5 78.2
Australia2 429.3 15.6

Does Ukraine Frack?

Global Fracking Resources. Ukraine has an estimated 127.9 trillion cubic feet of unproved technically recoverable shale gas resources, according to the U.S. Energy Information Administration (EIA). The Ukrainian parliament appointed Volodymyr Demchyshyn as Minister of Energy and Coal Industry in 2014.

Who has the most gas in the world?

Russia has the largest proved natural gas reserves in the world. As of 2020, it had 37.4 trillion cubic meters worth of the fossil fuel, three trillion cubic meters more than ten years prior.

Does shale have oil?

As it reaches its oil window, oil shale releases a liquid known as shale oil. Oil shale is the rock from which shale oil is extracted. Shale oil is similar to petroleum, and can be refined into many different substances, including diesel fuel, gasoline, and liquid petroleum gas (LPG).

What are the advantages of shale oil?

Shale oil production makes the United States more energy independent. Storing barrels of shale oil helps prices remain more stable. Shale oil extraction (fracking) benefits from innovative drilling techniques. Fracking causes ecological damage to the environment.

What country pays the most for gas?

These are the countries with the most expensive gas prices.

  1. Central African Republic. Price of gasoline per liter: $2.03 ($6.35 per gallon)
  2. Netherlands. Price of gasoline per liter: $1.97 ($6.16 per gallon)
  3. Norway. Price of gasoline per liter: $1.91 ($5.98)
  4. Finland.
  5. Denmark.
  6. Greece.
  7. Israel.
  8. Italy.

Where are the shale gas fields in Ukraine?

Shale gas. Ukraine has Europe’s third-largest shale gas reserves at 1.2 trillion cubic meters (tcm). There are two potentially large shale gas fields. The Yuzivska gas field located in Donetsk Oblast (province) and Kharkiv Oblast; and the Olesska field in Lviv Oblast and Ivano-Frankivsk Oblast.

How big are the natural gas reserves in Ukraine?

Its total gas reserves have been estimated at 5.4 trillion cubic meters. Domestic production peaked in 1975 at 68.1 billion cubic meters (bcm). Since then production gradually declined and has stabilised in recent years at around 20 bcm.

How much shale oil and shale gas are there?

Shale / tight oil and shale gas proved reserves n/a 97 Shale / tight oil and shale gas unproved resources 345 7,201 Other proved reserves 1,642 6,741 Other unproved resources 1,370 8,842 Total 3,357 22,882 Increase in total resources due to inclusion of shale oil and shale gas 11% 47% Shale as a percent of total 10% 32% 1

What was the largest foreign investment in Ukraine?

Ukraine signed a shale gas 50-year production sharing agreement with Royal Dutch Shell on 25 January 2013 involving the Yuzivska gas field. The $ 10 billion deal was the largest foreign direct investment ever for Ukraine.