PROSPECTS OF «SHALE REVOLUTION» AND RUSSIAN-CHINESE ENERGY DIALOGUE
The article touches upon the analysis of the prospects of the “shale revolution” at the world gas market and the assessment of influence that could be exerted on the development of the Russian-Chinese energy dialogue by the growing production of this type of fuel. The author examines the advantages...
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| Format: | Article |
| Language: | Russian |
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Peoples’ Friendship University of Russia (RUDN University)
2015-12-01
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| Series: | RUDN Journal of Russian History |
| Subjects: | |
| Online Access: | http://journals.rudn.ru/russian-history/article/view/4103 |
| _version_ | 1811306354818678784 |
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| author | Cheng Chen |
| author_facet | Cheng Chen |
| author_sort | Cheng Chen |
| collection | DOAJ |
| description | The article touches upon the analysis of the prospects of the “shale revolution” at the world gas market and the assessment of influence that could be exerted on the development of the Russian-Chinese energy dialogue by the growing production of this type of fuel. The author examines the advantages and disadvantages of shale gas in comparison with traditional natural gas, considering the practicability of exploring such energy resource for Russia and China. Shale gas may in the future provide significant reserves of natural gas. This will lead to a significant change in the elasticity of demand in all regional markets, including the Asian one. However, the supply of shale gas from the US to Eurasia expected in a few years will not endanger the supply of pipeline gas from Russia to China. Russian gas is more competitive than the American one due to the fact that the costs of production and transportation of natural gas from Russia is much lower than the costs for shale gas from the US. The most important difference is that natural gas unlike shale is environmentally friendly. The potential "shale revolution" will not make serious adjustments in the Russian-Chinese energy dialogue. This is due to a number of circumstances. First, it is important for China to develop its economy based on environmentally friendly fuel. Secondly, from the point of view of geography and convenience of transit of energy resources Russia is an ideal partner for China. Moreover, Moscow has repeatedly proven to be reliable in carrying out commitments on oil and gas contracts. |
| first_indexed | 2024-04-13T08:42:58Z |
| format | Article |
| id | doaj.art-16736ff815b4403a943f92b57bb5a8b0 |
| institution | Directory Open Access Journal |
| issn | 2312-8674 2312-8690 |
| language | Russian |
| last_indexed | 2024-04-13T08:42:58Z |
| publishDate | 2015-12-01 |
| publisher | Peoples’ Friendship University of Russia (RUDN University) |
| record_format | Article |
| series | RUDN Journal of Russian History |
| spelling | doaj.art-16736ff815b4403a943f92b57bb5a8b02022-12-22T02:53:48ZrusPeoples’ Friendship University of Russia (RUDN University)RUDN Journal of Russian History2312-86742312-86902015-12-010390984103PROSPECTS OF «SHALE REVOLUTION» AND RUSSIAN-CHINESE ENERGY DIALOGUECheng Chen0Российский университет дружбы народовThe article touches upon the analysis of the prospects of the “shale revolution” at the world gas market and the assessment of influence that could be exerted on the development of the Russian-Chinese energy dialogue by the growing production of this type of fuel. The author examines the advantages and disadvantages of shale gas in comparison with traditional natural gas, considering the practicability of exploring such energy resource for Russia and China. Shale gas may in the future provide significant reserves of natural gas. This will lead to a significant change in the elasticity of demand in all regional markets, including the Asian one. However, the supply of shale gas from the US to Eurasia expected in a few years will not endanger the supply of pipeline gas from Russia to China. Russian gas is more competitive than the American one due to the fact that the costs of production and transportation of natural gas from Russia is much lower than the costs for shale gas from the US. The most important difference is that natural gas unlike shale is environmentally friendly. The potential "shale revolution" will not make serious adjustments in the Russian-Chinese energy dialogue. This is due to a number of circumstances. First, it is important for China to develop its economy based on environmentally friendly fuel. Secondly, from the point of view of geography and convenience of transit of energy resources Russia is an ideal partner for China. Moreover, Moscow has repeatedly proven to be reliable in carrying out commitments on oil and gas contracts.http://journals.rudn.ru/russian-history/article/view/4103энергетическая дипломатиявнешняя политикаРоссияКитайсланцевый газфрекингроссийско-китайский энергодиалогэкономическая безопасностьтопливно-энергетический комплексстратегические резервы |
| spellingShingle | Cheng Chen PROSPECTS OF «SHALE REVOLUTION» AND RUSSIAN-CHINESE ENERGY DIALOGUE RUDN Journal of Russian History энергетическая дипломатия внешняя политика Россия Китай сланцевый газ фрекинг российско-китайский энергодиалог экономическая безопасность топливно-энергетический комплекс стратегические резервы |
| title | PROSPECTS OF «SHALE REVOLUTION» AND RUSSIAN-CHINESE ENERGY DIALOGUE |
| title_full | PROSPECTS OF «SHALE REVOLUTION» AND RUSSIAN-CHINESE ENERGY DIALOGUE |
| title_fullStr | PROSPECTS OF «SHALE REVOLUTION» AND RUSSIAN-CHINESE ENERGY DIALOGUE |
| title_full_unstemmed | PROSPECTS OF «SHALE REVOLUTION» AND RUSSIAN-CHINESE ENERGY DIALOGUE |
| title_short | PROSPECTS OF «SHALE REVOLUTION» AND RUSSIAN-CHINESE ENERGY DIALOGUE |
| title_sort | prospects of shale revolution and russian chinese energy dialogue |
| topic | энергетическая дипломатия внешняя политика Россия Китай сланцевый газ фрекинг российско-китайский энергодиалог экономическая безопасность топливно-энергетический комплекс стратегические резервы |
| url | http://journals.rudn.ru/russian-history/article/view/4103 |
| work_keys_str_mv | AT chengchen prospectsofshalerevolutionandrussianchineseenergydialogue |