A surge in shale gas production in the U.S. is underpinning a boost of the market share of gas-fired power generation. Shale natural gas production in key shale plays in the U.S. grew from 1.6 trillion cubic feet (Tcf) per year to 7.2 Tcf/year between 2007 and 2011, Lippman Consulting said in a recent report.
Shale gas has become a game changer for the U.S. energy mix. The growth in shale gas output has led to an 18% increase in the overall production of dry natural gas production between 2005 and 2010, according to statistics published by the U.S. Energy Information Administration (EIA) today.
EIA estimates of annual dry natural gas production indicate that the United States surpassed Russia as the world's leading producer of dry natural gas beginning in 2009 when Russian production dropped in conjunction with the economic downturn and reduced demand. Both countries produced more than 20 trillion cubic feet (Tcf) of dry natural gas in 2010.
Russia's dry natural gas production declined starting from 2009. The EIA suggests the two factors leading to this decline were slow-down in domestic gas consumption in Russia and a reduction of Russian gas exports of Western Europe to match reduced gas demand in the prolonged economic recession.
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