Russian shale oil reserves are estimated at 75 billion barrels, which puts the country on top of the global standings, followed by the US and China. According to the report by the US Energy Information Administration (EIA), the estimated American shale gas resources equal 58 billion barrels, with third-place China having 32 billion barrels. But it’s the Chinese, who hold the leadership in shale gas reserves, with 1,115 trillion cubic feet. 802 trillion cubic feet puts Argentina in second, with Algeria not far behind on 707 trillion cubic feet. The US is fourth when it comes to shale gas (665 trillion cubic feet), while Russia is ninth with 285 trillion cubic feet. The EIA’s report indicates that the worldwide resources of oil and gas from shale formations are greater than was previously thought. The global shale oil resources are estimated at 345 billion barrels and shale gas – at 7,299 trillion cubic feet, which is a 10 per cent increase in comparison with the 2011 data. rt/business/shale-oil-russia-leader-601/
Posted on: Sun, 07 Jul 2013 00:44:34 +0000
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