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insight
www.platts.com December 2012
GLOBAL ENERGY OUTLOOK 2013
THE US' BREAKING DEPENDENCY
What does the sea change in US
import reliance mean for the world?
RUSSIA BREAKING THE ICE
How does the world's No.1
hydrocarbon producer meet the
challenge of maintaining its status?
SHALE IMITATORS
Can Eastern Europe and Latin
America emulate the US shale boom?
PLUS: UNCONVENTIONAL JAPAN
BRAZIL'S SWEET AND SOUR TALE
FUKUSHIMA FALLOUT, AND MORE…
Proud to be part of an
industry that cares.
At Entergy, we're proud of our employees, whose dedication and commitment are reflected by the honor
of eight finalist nominations for the Platts 2012 Global Energy Awards.
We're also proud to be part of an industry that pulls together in times of
insight www.platts.com
Proud to be part of an industry that cares.
insight CONTENTS 4 BREAKING DEPENDENCY The US
insight December 2012 ISSN 2153-1528 (print) IS
WANT TO LEARN SOMETHING ENLIGHTENING? In a world
US OIL JOHN KINGSTON Global Director of News
million b/d for 2009; the same document puts the
US OIL ■ There's another factor: ethanol
US OIL out their units in excess of 90%,
US OIL b/d in the 12 months ending July
US OIL undertook a program to build the
US SHALE BILL HOLLAND Associate Editor, Gas Dail
US SHALE Almost overnight, North America
US SHALE have thrown in the towel. At le
US SHALE ground as producers shift their
PETROCHEMICALS JIM FOSTER Senior Editor, Petroch
as a feedstock for ethylene. And when one unit of
PETROCHEMICALS ...continued from page 15
PETROCHEMICALS Courtesy: BASF choosing
PETROCHEMICALS propylene would be needed
Reach thousands of top decision makers by using o
RUSSIA'S NEW FRONTIERS NADIA RODOVA Managing Edi
RUSSIA'S NEW FRONTIERS Consolidation One
RUSSIA'S NEW FRONTIERS British company's
RUSSIA'S NEW FRONTIERS become key produc
RUSSIA'S NEW FRONTIERS fiscal regime has
10-year contract with the German utility EnBW to
RUSSIA'S NEW FRONTIERS
Responsible for 4 out of 8 significant discov
SHALE IN EUROPE STUART ELLIOTT Senior Managing E
covering economic, legal, organizational, environ
SHALE IN EUROPE
Even 3Legs Resources, the much hyped first mover
SHALE IN EUROPE ...continued from page 3
SHALE IN EUROPE working with experts fro
SHALE IN EUROPE “In Poland, the politica
Czech environment minister Tomas Chalupa put forw
SOUTH AMERICAN SHALE ROBERT PERKINS News Corresp
local markets, can evolve to support large-scale
SOUTH AMERICAN SHALE ...continued from p
SOUTH AMERICAN SHALE oil projects there.
SOUTH AMERICAN SHALE
SOUTH AMERICAN SHALE and CNNOC showing u
THE MIDDLE EAST TAMSIN CARLISLE Senior Editor TE
THE MIDDLE EAST certain Shi'ite elements
THE MIDDLE EAST In the worst-case scenar
THE MIDDLE EAST Oil ministry data obtain
THE MIDDLE EAST
3 COMING SOON! -ODELEDAFTERTHEHIGHLYRESPECTE
METHANE HYDRATE TRIAL TAKEO KUMAGAI Tokyo News E
Japan, energy hungry but resource poor, has long
METHANE HYDRATE TRIAL ...continued from
METHANE HYDRATE TRIAL field tests on the
NUCLEAR ENERGY WILLIAM FREEBAIRN Managing Editor
The Chinese government halted new reactor authori
NUCLEAR ENERGY independence, Japan has f
end of October the unit was still awaiting the go
NUCLEAR ENERGY ...continued from page 55
nuclear energy, which policymakers believe will s
RENEWABLES JEREMY LOVELL Editor, CED GLOBA LCOO
associated with the more developed new renewable
RENEWABLES
RENEWABLES are largely focused on invest
RENEWABLES
FORTU N E CUSTOM PUBLISHING Platts Global
EUROPEAN POWER HENRY EDWARDES-EVANS Editor, Powe
Meanwhile, German renewables' growth continues to
EUROPEAN POWER CCGT was placed under a s
EUROPEAN POWER moved: 36 GW for CCGTs, a
EUROPEAN POWER meeting most needs. CCGT
GLOBAL CARBON TRADING FRANK WATSON Managing Edit
GLOBAL CARBON TRADING conditions. That s
GLOBAL CARBON TRADING emissions reductio
Other countries developing market- based approach
GLOBAL CARBON TRADING It is specifically
THERMAL COAL MARKET JAMES O'CONNELL
THERMAL COAL MARKET which can take sever
years is the popularity of really low calorific v
BRAZILIAN BIOFUELS GUILHERME KFOURI Biofuels Tea
Courtesy: iStock University of Sao Paulo's a
BRAZILIAN BIOFUELS 5,600 liters per hect
BRAZILIAN BIOFUELS Brazil's five largest
BRAZILIAN BIOFUELS experienced last year
BRAZILIAN BIOFUELS Sao Paulo state, wher
AUSTRALIAN LNG BOOM CHRISTINE FORSTER Senior Wri
gas-to-LNG projects in Gladstone in the eastern s
AUSTRALIAN LNG BOOM picture there is eme
industry. “Spiraling project development costs an
AUSTRALIAN LNG BOOM ...continued from pa
PLAN PROTECT PREVENT! NO-STRIKE LIGHTNING PROTEC
AFRICA OIL AND GAS JACINTA MORAN Chief Africa Co
Courtesy: Rialto Energy Countries along the
AFRICA OIL AND GAS SEARCHING FOR DIAMONDS IN
AFRICA OIL AND GAS historically high prices a
CHINA ENERGY SONG YEN LING Senior Writer, China
North American natural gas prices,” said IHS Hero
CHINA ENERGY translate to 400,000 boe/d,
CHINA ENERGY and CNPC formed Andes Petro
CHINA ENERGY The companies are also not
CHINA ENERGY 2012 it agreed to pump $500
The Capgemini Commitment Capgemini has a strong
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SolarReserve Headquartered in Santa Monica, Cali
GLOBAL ENERGY AWARDS PATSY WURSTER Director, Glo
developing new technologies and enhancing product
GLOBAL ENERGY AWARDS
increase LNG's usefulness as a transport fuel – i
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The Menomonee Falls, Wisconsin based company purs
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