Locator: 50909SHALEGAS.
There are so many numbers here it can get confusing. See data points from Rigzone, back in 2016, see below the asterisks below. These are are a subset:
So, let's see the numbers. Some data points:
- world's natural gas production is set to grow 62% by 2040
- world's natural gas production will grow from about 350 bcf/d to about 550 bcf/d by 2040
- shale gas resources will be the largest component of this increase
- global shale gas production is projected to increase from about 40 bcf/d in 2015 to about 170 bcf/d by 2040
- shale gas production will account for about 30% of global production by 2040
- the US will remain the top shale gas producer
- 2015: shale gas accounted for about 50% of US natural gas production
- 2040: US shale gas will more than double from about 40 bcf/d to about 80 bcf/d
Okay, so by 2040 -- that more than ten years from now, back in 2016, analysts expected US shale gas to more than double to 80 bcf/d. What is the current US shale gas production, 2025?
Update: global shale natural gas production -- from AI query -- US, 2025, has already reached 80 bcf/d if I have the numbers correct. China is #2 at 2.2 bcf/d.
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Shale Natural Gas
Global shale natural gas: reposting from August 18, 2016. Link here.
Data points for shale natural gas from Rigzone: China will be world's 2nd largest shale gas producer by 2040.
So, let's see the numbers. Some data points:
- world's natural gas production is set to grow 62% by 2040
- world's natural gas production will grow from about 350 bcf/d to about 550 bcf/d by 2040
- shale gas resources will be the largest component of this increase
- global shale gas production is projected to increase from about 40 bcf/d in 2015 to about 170 bcf/d by 2040
- shale gas production will account for about 30% of global production by 2040
- the US will remain the top shale gas producer
- 2015: shale gas accounted for about 50% of US natural gas production
- 2040: US shale gas will more than double from about 40 bcf/d to about 80 bcf/d
- 2040: US shale gas will account for 70% of total US natural gas production (currently about 50%)
- 2040: China -- shale gas would account for about 40% of its total natural gas production
- 2015: China has drilled 600 natural gas wells in the last five (5) years
- 2015: China, producing 0.5 bcf/d of shale gas
- 2040, shale gas:
- global: 170 bcf/d
- US: 80 bcf/d
- China: 20 bcf/d at this link
- 2015, shale gas:
- US: 40 bcf/d
- Canada: 4 bcf/d
- China: 0.5 bcf/d
- Argentina: 0.07 bcf/d