Shale revolution transforms global energy scene, IEA chief economist says

01/27/2014 | (China)

The shale natural gas revolution continues to transform the global energy scene, changing the roles of players in the energy sector and reshaping the financial and economic landscape, said Fatih Birol, chief economist at the International Energy Agency. For instance, he said, the U.S. is becoming an energy exporter. "America, because it produces a lot of shale gas and shale oil, does not need much Canadian oil and gas, so Canada has to turn to Asia, especially to China, to export its energy," Birol said.

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