The world will enter the golden age of gas

Global energy landscape in the past has been very simple: producing countries (Saudi Arabia and other oil producing countries and Russia and other gas-producing countries) to sell, consumer countries (United States, China and Germany and other industrial countries) to buy. This situation is very dangerous consumer countries vulnerable to the impact of high prices, low prices but also endangers the country and no one unexpected this situation will change in the near future.

However, the above situation has changed, this is mainly advanced drilling technology " Hydraulic fracturing " come due. "Hydraulic fracturing" the use of explosives, chemicals and millions of gallons of water to thousands of feet underground in shale is manufactured in small cracks. "Hydraulic fracturing" to open up long been regarded as difficult and costly exploration of new sources of supply of natural gas. In the U.S., "Hydraulic fracturing" changed the natural gas industry, for domestic drilling has injected new vitality.
At present, both in Europe and China's total reserves of  shale gas  in the United States more than twice the estimated reserves are also emulate the United States, investing billions of dollars in shale gas. These investments may change the global energy landscape, reduce the world to the Middle East and Africa, resource dependency. IEA chief economist Fatih? Birol recent interview with our correspondents said: " unconventional gas  is the United States a great gift to give international energy."

Just 10 years ago, energy experts also expect the United States will need to import liquefied natural gas to compensate for the decline in domestic production caused by the gap. Today, a large number of U.S. companies have already started production of shale gas and liquefied natural gas exports to persuade Washington to allow. But the United States does not have the potential of shale gas only country: proven reserves of shale gas is very rich, the IEA expects the world may soon be entering a golden age of natural gas: low-priced natural gas instead of coal as the preferred fuel for power generation . Energy extremely scarce reserves of shale gas in Europe and China ranked in the world, while China's  shale gas  reserves may highest in the world.