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SOURCE Research and Markets
DUBLIN, Feb. 19, 2014 /PRNewswire/ --
Research and Markets
) has announced the addition of the
report to their offering.
Unconventional gas resources can be classified into shale gas, tight gas, coal bed methane (CBM) and gas hydrates. They are widely used in power generation and industrial application. Focus towards decreasing reliance on depleting conventional resources is one of the major driving factors of global unconventional gas market. In addition, foreign investment by Asian oil and gas giants to acquire unconventional gas assets is further expected to propel the market growth. Regulatory support in the U.S. and China is expected to increase the production of unconventional gas during the forecast period. However, excessive utilization and contamination of surface water and high cost of production is expected to hamper the market growth in the near future.
Presently, tight gas is largely produced and accounted for 44.4% 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% of the overall market by 2019. Presently, more than 60% 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% 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.
Key Topics Covered:
2 Executive Summary
3 Unconventional Gas - Industry Analysis
4 Shale Gas Market
5 Coal Bed Methane (CBM) Market
6 Tight Gas Market
7 Company Profiles
For more information visit http://www.researchandmarkets.com/research/s4b2x4/unconventional
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