ANZ Commodity Special Report Shale - the new world

In this paper ANZ consider the implications of the shale revolution on the US economy, Australian LNG exports, and China’s unconventional gas ambitions.

Key points

• The shale boom will drive the US economy to energy self-sufficiency by 2030
• The US will be largest oil producer in the world by 2020
• Australia’s current committed LNG projects will propel it to the world’s largest LNG producer by 2020
• Increased US LNG exports could delay or reduce the second wave of Australian gas projects
• China will contribute the largest share in global gas demand by 2030
• Despite China’s strong LNG import growth plans, substantial demand will mean a need for major gas pipelines from Russia and South East Asia.