US gas boom: A tool against Russian coercionBusiness | 206814 hits | Mar 13 5:15 pm | Posted by: N_Fiddledog  The United States, with its abundant supplies of natural gas, would seem to have an easy answer to Europe's fears that a strong response to Russia's rapid takeover of Ukraine's Crimea region could prompt Vladimir Putin to shut down gas lines that keep EurCommentsview comments in forum Page 1 You need to be a member of CKA and be logged into the site, to comment on news. |
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"Should Russia's seizure of Crimea include a takeover offshore gasfields, Ukraine's best remaining sources of new energy will be its two large, untapped shale finds.
Ukraine has Europe's third-largest shale gas reserves at 42 trillion cubic feet (1.2 trillion cubic metres), according to the U.S. Energy Information Administration.
Kiev has signed a deal with Chevron to develop the Olesska block in western Ukraine and one with Royal Dutch Shell to develop its Yuzivska field in the east.
"Unrest in any part of the world related to oil and gas production and transport argues in favour of long-term diversity of supply," said the International Association of Oil and Gas Producers.
Thus far, Europe's hoped-for shale boom has struggled, with estimates of Poland's reserves slashed, public unease holding up British plans, and outright bans in France and Bulgaria."
http://www.reuters.com/article/2014/03/ ... WI20140314
Your link, while somewhat biased as well, notes this;
as well as this;
Further, without any method of shipping (facilities or large numbers of LNG carriers) the massive amounts that Europe would need, it's something that might make a difference in 10 or 20 years.
Canada too has an over-abundance of natural gas but no way to ship the huge amounts needed by Europe.