Azerbaijan, Baku, April 24 / Trend E. Ismayilov /
According to forecasts, the share of shale oil in total global production will reach nine per cent by 2020, senior economist at the British company BP Lev Freinkman told journalists in Baku on Wednesday.
He said the growth in production volume will account for shale oil which will be produced in the United States. Already this year, the U.S. will take a leading position in the world in terms of production and will keep its position within 10 years.
"With regard to the volume of gas production, by 2030 the share of shale gas in total global production will reach 18 per cent, while the U.S. share in the total production of shale gas will account for 75 per cent," Freinkman said.
He said by 2030 the volume of gas exports of the U.S. is projected to stand at the level of 80 billion cubic meters per year. As for growth in gas demand, Freinkman stressed available forecasts on an increase in consumption by China and consequently, an increase in imports of gas by this country. In particular, by 2030 according to forecasts, gas imports by China reached 150 billion cubic meters per year compared to the current 50-60 billion cubic meters.