Shale revolution hits Russian exporters | Russia Beyond The Headlines

Shale revolution hits Russian exporters | Russia Beyond The Headlines:

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Drawing by Niyaz Karim

Recently, more and more analysts and experts have begun wondering how long Russia can remain one of the world’s leading global exporters of raw hydrocarbons. The latest trends in the development of the petrochemical sector indicate that competitors are emerging where they were least expected.
The biggest importers are declaring that they are prepared, at least in part, to refuse imports of oil and gas.
The so-called shale revolution could become a threat to the Russian market. The United States began to invest in developing shale oil and gas extraction technology around 15 years ago, and today they have partly succeeded in replacing imports and reducing the price on the internal market."

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