IDEAS home Printed from https://ideas.repec.org/p/ris/kiepwe/2013_023.html
   My bibliography  Save this paper

The Rise of Shale Gas and Russia's Countermeasures

Author

Listed:
  • Lee , Kwon Hyung

    (Korea Institute for International Economic Policy)

  • Jeh , Sung Hoon

    (Korea Institute for International Economic Policy)

  • Kang , Boogyun

    (Korea Institute for International Economic Policy)

Abstract

The recent expansion of shale gas development in the US has been greatly contributing to the drop in natural gas prices in the country, and to job growth and enhanced competitiveness in relevant manufacturing areas such as the petrochemical industry. Since the first half of 2009, the US natural gas spot price (Henry Hub), unlike the crude oil (WTI) spot price (Cushing Hub), has been showing a steady downward trend. Lowered gas prices have been serving as cause for cost cuts in gas production, the petrochemical industry, the primary metal industry and so forth, and this is helping improve price competitiveness in the US manufacturing sector. Spot price decoupling between crude oil and natural gas has led to a change in the energy mix, with natural gas enjoying higher consumption.

Suggested Citation

  • Lee , Kwon Hyung & Jeh , Sung Hoon & Kang , Boogyun, 2013. "The Rise of Shale Gas and Russia's Countermeasures," World Economy Brief 13-23, Korea Institute for International Economic Policy.
  • Handle: RePEc:ris:kiepwe:2013_023
    DOI: 10.2139/ssrn.2320957
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.2139/ssrn.2320957
    File Function: Full text
    Download Restriction: no

    File URL: https://libkey.io/10.2139/ssrn.2320957?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Shale Gas; Russia; Natural Gas;
    All these keywords.

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:kiepwe:2013_023. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Geun Hye Son (email available below). General contact details of provider: https://edirc.repec.org/data/kieppkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.