The implications of changes in the international energy markets – selected aspects Cover Image

Implikacje zmian na międzynarodowych rynkach energii – wybrane aspekty
The implications of changes in the international energy markets – selected aspects

Author(s): Beata Molo
Subject(s): Politics, Energy and Environmental Studies
Published by: Oficyna Wydawnicza AFM Uniwersytetu Andrzeja Frycza Modrzewskiego w Krakowie
Keywords: the international energy markets; the political implications; „shale gas revolution”; LNG

Summary/Abstract: The article presents synthetically the issue of changes in the international energy marketsand their political implications. The analysis embraces the essence and consequences of the “shalegas revolution” for the U.S. and the international energy markets, particularly taking into considerationthe impact of the “shale gas revolution” on the oil price. The prognosticated decreaseof the U.S. request for the imported oil and natural gas will affect the decision of the exportingstates regarding the scale of extraction and direction of delivery/export. The oversupply of oil andunconventional gas might rise the pressure on their price reduction in the international markets,thus enfeeble the political signifi cance of the OPEC, especially Saudi Arabia, as well as jeopardizethe position of Russia as the “energetic power”. Moreover, the article broaches the matter ofdevelopment of the liquefi ed natural gas production, in particular the possibility of LNG’s exportby the United States. In the geopolitical dimension it might result in the increase of the negotiationstrength of the new extraction regions and the change of the current power balance.

  • Issue Year: XII/2015
  • Issue No: 1
  • Page Range: 47-60
  • Page Count: 14
  • Language: Polish
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