The Shale Gas Revolution
– changing global energy markets
Torstein Indrebø
Secretary General of IGU
International Student ...
IGU represents more than 95 %
of the global gas market
www.igu.org
81 Charter members
40 Associate members
IGU membersFoun...
The world needs:
Secure, clean and competitive energy
Safe energy
The global energy future
Drivers:
Rising population & mi...
Energy access – the key to development
Some facts:
1.4 bn people without access to
electricitiy
2.5 bn people use traditio...
Growing energy demand –
need for all energy sources available
Source: IEA, The Golden Age of Gas,
2011 (the GAS scenario)
...
Technology – driving supplies
Volume
Proven conventional
Unconventional
Gas resources for more than 250 years (IEA)
Shale ...
The production process
7
• Site development and preparation
• Vertical drilling
• Horizontally drilling
• Hydraulic fractu...
17th Uzbekistan International Oil & Gas
Exhibition, 14- 16 May 2013, Tashknet
(Uzbekistan)
8
17th Uzbekistan International Oil & Gas
Exhibition, 14- 16 May 2013, Tashknet
(Uzbekistan)
9
World gas resources –
Conventional (green) & unconventional (red)
10
US Oil and Gas Production (IEA)
1108/04/13
World Natural Gas Prices
$US/MMbtu
Source: World Bank
12
World loves electricity!
Source: ExxonMobil
Global increase by 2035 more than 50%
Natural gas in the power sector
....clean-burning and affordable
NOx and SOx content by fuel
Carbon dioxide emitted during...
Clean support for
variable renewables
Natural Gas - Wind - Solar
Natural gas enables renewable energy
An ideal combination
Natural gas for transportation
Less
•Particles/soot
•Noise
•CO2
•NOx - smog
Fleets
Gas price lower than oil price
Maritime
Natural gas provides sustainable growth
Economic development and job creation
Build on existing energy infrastructure
Gas ...
Adaptability of natural gas
Gas-fired generation technology directions:
Capture carbon through retrofit technology
Partner...
The Pathway towards a sustainable future
Meeting future global energy needs – whilst addressing air quality
and climate ch...
Vision Pathway highlights various CO2
abatement options and technology choices
Calculation for 2050
Emissions-level
based ...
Creating Trust for Gas
Image of Gas
GHG Emissions Spectrum
Fossil
Fuels
Oil Coal
Clean Energy
Recognition by policymakers
...
A robust and sustainable energy policy
• Energy efficiency & savings
• Enhance use of gas in
power generation and transpor...
www.IGU.org
Thank you for your attention!
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ISES 2013 - Day 2 - Torstein Indrebø (Secretary General, International Gas Union) - Energy on New Frontiers

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ISES 2013 - Day 2 - Torstein Indrebø (Secretary General, International Gas Union) - Energy on New Frontiers

  1. 1. The Shale Gas Revolution – changing global energy markets Torstein Indrebø Secretary General of IGU International Student Energy Summit, Trondheim, Norway June 13-15, 2013
  2. 2. IGU represents more than 95 % of the global gas market www.igu.org 81 Charter members 40 Associate members IGU membersFounded in 1931 * Status as per March 2013 2
  3. 3. The world needs: Secure, clean and competitive energy Safe energy The global energy future Drivers: Rising population & middle class Economic development and job creation Public health: urban air quality Environmental concerns 3 Balanced and robust solutions required
  4. 4. Energy access – the key to development Some facts: 1.4 bn people without access to electricitiy 2.5 bn people use traditional biomass for cooking & heating Need for: Electricity – no blackouts Better indoor air quality Faster economic development & more jobs Accelerate transfer of competence
  5. 5. Growing energy demand – need for all energy sources available Source: IEA, The Golden Age of Gas, 2011 (the GAS scenario) 5 • Oil and coal decling in the long run whereas gas and renewables are increasing
  6. 6. Technology – driving supplies Volume Proven conventional Unconventional Gas resources for more than 250 years (IEA) Shale gas Coal bed methane Tight gas Unconventional gas – abundant resources 6
  7. 7. The production process 7 • Site development and preparation • Vertical drilling • Horizontally drilling • Hydraulic fracturing • Recycling of wastewater • Well completion and operation Source: Total
  8. 8. 17th Uzbekistan International Oil & Gas Exhibition, 14- 16 May 2013, Tashknet (Uzbekistan) 8
  9. 9. 17th Uzbekistan International Oil & Gas Exhibition, 14- 16 May 2013, Tashknet (Uzbekistan) 9
  10. 10. World gas resources – Conventional (green) & unconventional (red) 10
  11. 11. US Oil and Gas Production (IEA) 1108/04/13
  12. 12. World Natural Gas Prices $US/MMbtu Source: World Bank 12
  13. 13. World loves electricity! Source: ExxonMobil Global increase by 2035 more than 50%
  14. 14. Natural gas in the power sector ....clean-burning and affordable NOx and SOx content by fuel Carbon dioxide emitted during electricity generation by fuel
  15. 15. Clean support for variable renewables Natural Gas - Wind - Solar Natural gas enables renewable energy An ideal combination
  16. 16. Natural gas for transportation Less •Particles/soot •Noise •CO2 •NOx - smog Fleets Gas price lower than oil price Maritime
  17. 17. Natural gas provides sustainable growth Economic development and job creation Build on existing energy infrastructure Gas industry contributes to public finances
  18. 18. Adaptability of natural gas Gas-fired generation technology directions: Capture carbon through retrofit technology Partnership with renewables Greater inclusion of carbon-neutral biogas Gas pipeline and storage systems provide future options for: CO2, Biogas, Hydrogen
  19. 19. The Pathway towards a sustainable future Meeting future global energy needs – whilst addressing air quality and climate change concerns Global Emissions Trajectory Base Case
  20. 20. Vision Pathway highlights various CO2 abatement options and technology choices Calculation for 2050 Emissions-level based on IGU pathway
  21. 21. Creating Trust for Gas Image of Gas GHG Emissions Spectrum Fossil Fuels Oil Coal Clean Energy Recognition by policymakers National, EU, G20, UN Dialogue with climate NGOs Licence to operate
  22. 22. A robust and sustainable energy policy • Energy efficiency & savings • Enhance use of gas in power generation and transportation • Phase in renewable energy • Develop Carbon Capture and Storage technology Gas: The fuel of today and tomorrow!
  23. 23. www.IGU.org Thank you for your attention!

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