Shale Gas: Impact on the Petrochemical Industry

  • ChemPubSoc Europe Logo
  • DOI: 10.1002/chemv.201300015
  • Author: ChemViews
  • Published Date: 05 February 2013
  • Source / Publisher: Energy Information Administration, American Chemistry Council, Federal Reserve Bank of Dallas
  • Copyright: Wiley-VCH Verlag GmbH & Co. KGaA, Weinheim
thumbnail image: Shale Gas: Impact on the Petrochemical Industry

Advances in exploration of shale oil and gas have opened new sources of oil, natural gas, and natural gas liquids (NGLs) such as ethane, a key petrochemical feedstock. The USA, current world leader in shale gas production, shows that horizontal drilling and hydraulic fracking can produce natural gas from shale at competitive costs. This new American shale gas fever makes countries around the world wonder what their share of the new technology will be.







Technically Recoverable World Shale Gas Resources

Estimated based on available geological data and the likelihood of countries' near-term shale gas development

(trillion cubic feet, TCF)

Technically Recoverable World Shale Gas Resources







Price of Oil Relative to Natural Gas

Price of Oil Relative to Natural Gas





Typical Petrochemical Cost Curve by Country/Region for 2010

Typical Petrochemical Cost Curve by Country/Region, 2010

Note: As recently as 2005, the US ranked behind Western Europe.





Relative Profit Margins for Producing Ethylene from Ethane and Naphtha

Relative Profit Margins for Producing Ethylene from Ethane and Naphtha




Recent and Potential Investment in the Petrochemical Industry Resulting from Shale Gas Extraction


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