西南石油大学学报(社会科学版) ›› 2018, Vol. 20 ›› Issue (5): 1-11.DOI: 10.11885/j.issn.1674-5094.2018.05.09.07

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Russian Strategy for Oil and Natural Gas Exporting Against US Shale Revolution

Li Xin   

  1. School of Law, Anhui University of Finance and Economics, Bengbu Anhui, 233030, China
  • Received:2018-05-09 Online:2018-09-01 Published:2018-09-01

Abstract: Since 2008, US oil and gas output has risen dramatically as the result of the Shale Revolution and has become less dependent on oil and gas import. On the other hand, Russian oil and gas export to the European market keeps dropping as the result of its shrinking output. The US shale gas booming has caused the drop in Russian oil and gas output and exporting price, and has weakened Russia's geopolitical influence. To get rid of the political and economic difficulties it faced,Russia adjusted its Europe-oriented oil and gas exporting strategy and took measures to increase its share in Asian-Pacific market. Russia's adjustment to its oil and gas exporting strategy tends to last long in the context of Trump administration's emphasis on energy.

Key words: energy security, shale gas revolution, oil and gas exporting strategy, US-Russia relations, Asian-Pacific oil and gas market

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