TMCnet News
Research and Markets Adds Report: Global Unconventional Gas Market Forecasts and Opportunities, 2019: Shale Gas, Tight Gas And Coal Bed Methane [Professional Services Close - Up](Professional Services Close - Up Via Acquire Media NewsEdge) Research and Markets has announced the addition of the "Global Unconventional Gas Market Forecasts and Opportunities, 2019: Shale Gas, Tight Gas And Coal Bed Methane" report to its offerings. In a release, Research and Markets noted that report highlights include: This report analyzes and forecast global unconventional gas market from the production point of view and not from demand or consumption side. The market size of unconventional gas is given in terms of revenue (USD billion) and volumes (bcf) between the period 2013 and 2019. The study also includes the key drivers and restraints along with impact analysis of each during the forecast period. Furthermore, the report also provides emerging opportunities which are expected to mushroom the market growth in the next six years. Presently, tight gas is largely produced and accounted for 44.4 percent of the total unconventional gas production in 2012. However, this trend is expected to shift towards shale gas due to technological development coupled with abundant technically recoverable shale reserves. Shale gas is expected to account for more than 47 percent of the overall market by 2019. Presently, more than 60 percent of the CBM is produced by North America however; this trend is expected to shift towards Asia Pacific by 2019 owing to huge CBM deposits. Australia is expected to be one of the major CBM producers by 2019. The U.S. emerged as major producer of unconventional gas due to huge reserves and technological advancement. The U.S. is expected to generate revenue worth USD 59.75 billion by 2019. Asia Pacific is expected to be fastest growing market for shale gas expected to grow at an estimated CAGR of 69.6 percent from 2015 to 2019. The production of unconventional gases in Europe was above 750 bcf in 2012 and is expected to grow at a sluggish rate during the forecast period. Presently, there is no development of shale gas in Europe owing to federal laws and environmental regulations. However, Europe is slowly catching up with the current shale gas development as countries including Britain, Poland and Germany among others are permitted for shale gas production. The UK government has planned tax reduction policy for the development of shale gas. Company Profiles -AGL Energy -Anadarko Petroleum Corp. -Arrow Energy Pty -BG Group Plc -BHP Billiton Limited -British Petroleum -Chesapeake Energy Corp. -Chevron Corp. -China National Offshore Oil Corp. -China National Petroleum Corp. -ConocoPhillips -Dart Energy -Devon Energy Corp. -EOG Resources Inc -EXCO Resources Inc -ExxonMobil -Great Eastern Energy -Green Dragon Gas -Origin Energy -PetroChina -Royal Dutch Shell plc -Total SA -XTO Energy Report information: researchandmarkets.com/research/jlvkgz/unconventional ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |