The Impact of US Shale Gas Revolution on the EU's Energy Security

Abstract

With the introduction of horizontal drilling and hydraulic fracturing technologies in unconventional gas production, the U.S. has increased drastically its shale gas production and will soon become a net exporter of natural gas by reducing its import dependence particularly in natural gas sector. Shale gas production is expected to become a game changer in the international gas markets. In this thesis study, the impact of unconventional gas production and potential export activities of the U.S. on EU s energy supply security is examined, building on an analysis of the impact on the international natural gas markets and the counter steps that could be taken by Russia.