Global Natural Gas Industry Analysed & Projected through 2017 by GBI Research15 May 2012 • by Natalie Aster
Conventional natural gas contributes to the majority of natural gas production globally today, and thus has a streamlined and efficient value chain which is reasonably cost-effective, whereas unconventional gas has only begun emerging in recent years in the global search for fresh fuel. This exploration has resulted in unconventional gas finds, which have introduced the commodity to the industry. Unconventional gas is being promoted as the next major opportunity for the energy industry in the face of a broad energy crisis.
Since natural gas has long been posited as the next major fuel, various projects have been started that will exploit the potential of the world's natural gas deposits. This has led to rigorous exploration activity resulting in the finding of several classes of natural gas, the most important ones being shale gas, deep gas, tight gas, coal bed methane and methane hydrates.
According to the report “Natural Gas Industry to 2017 - Depleting Conventional Crude Oil Reserves and Emerging Technologies in Gas Consumption Infrastructure Driving Growth” by GBI Research, unconventional gas is expected to seep steadily into the market and equal conventional natural gas in terms of consumption by the end of the current decade. With an AAGR of 1.2%, unconventional natural gas is expected to account for 52% of total production in 2020. In the US, unconventional natural gas already accounts for approximately 50% of production.
Natural Gas Industry to 2017 - Depleting Conventional Crude Oil Reserves and Emerging Technologies in Gas Consumption Infrastructure Driving Growth
Published: May, 2012
Price: US$ 3.500,00
The share of unconventional natural gas in production is higher than the current global share in terms of consumption due to the recent discoveries of shale gas in North America and Canada's oil sands. Shale gas plays are expected to be the prime drivers of growth in North America's natural gas production. The six major shale gas plays in North America, namely Antrim, Barnett, Woodford, Haynesville, Fayetteville, Marcellus and Horn River are together expected to produce approximately 19.6 billion cubic feet per day (bcf/d) in 2020, with over 50% of this production coming from the Haynesville and Barnett shale plays.
More information can be found in the report “Natural Gas Industry to 2017 - Depleting Conventional Crude Oil Reserves and Emerging Technologies in Gas Consumption Infrastructure Driving Growth” by GBI Research.
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