Secretary General of GECF: Influence of Shale Gas Is Limited

Secretary General of GECF Influence of Shale Gas Is Limited

Influence of shale gas is limited and in coming years won’t have a significant impact on gas markets, thinks Seyed Mohammad Hossein Adeli, Secretary General of Gas Exporting Countries Forum (GECF).

“Shale revolution in US is a regional revolution,” he said in Moscow addressing the MGIMO University students.

While speaking about China which has the biggest reserves of shale gas, Dr. Adeli said that its massive extraction is a “big question mark.”

“There are many challenges for China,” he noted.

Among them GECF Secretary General named lack of technologies, very high density of population, challenge to water reserves and agriculture, given that some of the reservoirs are located in the main agricultural centers.

Dr. Adeli also noted that shale gas is deposited in such a way that in the centuries it “will become conventional gas.”

“It’s like getting a fruit that is not ripe enough,” he said.

Source: Gazprom Export, May 19, 2014