Stranded gas and hydrocarbons in Russia compete with new shale gas in the US

Despite all the talk of low-cost feedstocks in the United States due to the impact of shale gas, the low alternative value of liquid hydrocarbons in Russia is keeping existing Russian steam crackers highly competitive on the world market, says a recent special report by IHS Chemical.  The charts below show the delivered polyethylene (PE) costs for Russia--and one of Russia’s major producers, Sibur--to be close to, or below, the average PE delivered cost from North America into Europe or China in 2013.   A similar situation does not apply for...

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