Abstract

Over the past few years, the attention of many Russian and foreign researchers has been focused on changes in the laws of functioning of the world gas market due to the phenomenon of in the US. The most in depth analysis the following aspects of this problem were subjected to: economic and energy, economic and technical, environmental and geopolitical. Within the frameworks of analysis of the economic and energy aspect of the revolution, researchers have focused on the assessment of the economic consequences of this phenomenon for the world gas market and market of energy resources. This article presents a comprehensive author study of the consequences of the shale revolution for the world and for Russia.

Highlights

  • Less than for a quarter of a century Russia has gone a way, which took other industrialized countries about four hundred years

  • The emergence of substitute products is a quite natural phenomenon for the market economy, which is a consequence of action of scientific and technical progress

  • If this substitute is among the goods which are of the highest priority for development of the economy in whole, such a product, or the method of its production can become an alternative to the traditional good

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Summary

Introduction

Less than for a quarter of a century Russia has gone a way, which took other industrialized countries about four hundred years. Russia became the largest exporter of natural gas, which was mainly supplied through pipelines in the EU and in the liquefied form in other countries. Such a dependence of the EU from Russian gas did not satisfy, first of all the United States, who were afraid of the growing influence of Russia, both in the world and in Europe

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