Wednesday, May 25, 2011

Global Shale Gas Market Trends & Forecasts (2011 - 2021)


Analyst briefing on Global Shale Gas Market by Technology, Geography, Applications, Regulations, Ethylene production, Market Trends & Forecasts (2011- 2021) to be held in June 02, 2011
The Energy and Power practice at MarketsandMarkets is pleased to announce its Analyst briefing on
Shale gas is an unconventional natural gas obtained from shale formations that act as both reservoir and source for natural gas. The geologic studies, seismic imaging and magnetometer tests, and geological surveys are undertaken to explore shale gas resources. The gas exists in shale in different forms as free gas in rock pores, natural fractures, and absorbed gas on organic matter, and mineral surfaces. The production wells are drilled either horizontally or vertically; most of which are hydraulically fractured to stimulate production.
The global shale gas production is expected to grow from 4,130 billion cubic feet in 2011 to 6,991 billion cubic feet in 2021 at CAGR of 5.4% for the same period. The shale gas production is expected to become online from EMEA, Asia Pacific, and ROW by the year 2016 based on current exploration activities undertaken by major oil and gas companies. The global shale gas production is expected to grow from 5,563 billion cubic feet in 2016 to 6,991 billion cubic feet in 2021 at CAGR of 4.7% for the same period. The markets representing high growth rate from 2016 to 2021 areChina(6.2%),Poland(6%),France(5.4%),South Africa(5.1%), andU.S.(5%).North Americais expected to remain largest shale gas producer globally by the year 2021 with share of 78% followed by EMEA (13%), Asia Pacific (7%), and ROW (2%) due to technological expertise and availability of resources.
The major drivers for shale gas market are identified as proved abundance of shale gas resources across the globe, improving supply and distribution infrastructure, decline in natural gas prices, and improvements in drilling technology. The capital intensive nature of shale gas projects and water contamination and usage issues for fracturing requirements hinder shale gas development. The opportunities are cited in probable increase in ethylene volumes through shale gas and new basins discovered in countries likePoland,China, andAustralia.
The agenda of this analyst briefing is to discuss market drivers, opportunities, burning issues, trends, and winning imperatives for global shale gas market.
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