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Baker Institute: US shale gas might weaken Russia, Iran

08/01/2011
Paula Dittrick Senior Staff Writer Rising US natural gas production from shale formations has weakened Russia's hold on its European customers, and this trend will accelerate in coming decades, concluded researchers from Rice University's Baker Institute. In a study entitled "Shale Gas and US National Security," researchers forecast Russia's gas market share in Western Europe could decline to 13% by 2040 from 27% in 2009. Iran's ability to tap energy diplomacy as a means to strengthen its regional power also could be hindered by rising US gas production, the study said. "The geopolitical repercussions of expanding US shale gas production are going to be enormous," said...
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