Work detail

Economic impact of shale gas development in the context of energy security of the EU

Author: Mgr. Ivan Kondratenko
Year: 2016 - winter
Leaders: prof. Ing. Karel Janda M.A., Dr., Ph.D.
Work type: EEI & EP
Language: English
Pages: 111
Awards and prizes:
Abstract: The Thesis aims to analyze the possible shale gas development in the EU in context
with raising problem of energy security. Based on the experience of shale revolution in the
USA and econometric modelling using the method of Ordinary Least Squares with Fixed
Effects to test the dependence of price on shale gas production, the transfer of US model to
the EU is discussed. The results show that shale production affects the price negatively and
that US model is successful due to multiple reasons, primarily presence of experienced
companies, geological structure and strong regulation rules. The Thesis shows the
unsuitability of the US model for the EU market. After the first enthusiasm for shale plays
research in late 2000s the multiple barriers for drilling have risen up; the most significant are
the environmental worries; both on governmental and public levels. US companies have lost
interest in the EU and moved to other parts of the world. The shale gas development is not
able to affect the energy security of the EU on European, international level.




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