Global shale gas market in 2012 will reach $36.95bn
“The Shale Gas Market 2012-2022” added to ReportBuyer.com
The shale gas industry has seen significant growth in the North American market changing the dynamics of natural gas trading in the region. The combination of horizontal drilling and hydraulic fracturing to extract gas from low permeability rock sources has presented a major new energy source, which has significantly reduced the need for natural gas imports to the US. Nations across the world are now looking at the possibility of tapping into this resource to supplement domestic gas consumption or even for export. As a consequence, This report has determined that the value of the global shale gas market in 2012 will reach $36.95bn
The shale gas market is currently dominated by the US as this is where the methodology to develop shale was pioneered. The US also a number of favourable characteristics that have helped promote the speed of shale gas production. However, this has created a distinctly two tier market between the nations with an established shale gas market and those that are emerging into the industry.
According to geologists there are 142 shale rock bearing basins around the world and only around a quarter of these have proven production potential, mainly in North America. This report will highlight the growing investment in the shale gas industry around the world as energy hungry nations look to emulate the successes seen in North America.
View the report: The Shale Gas Market 2012-2022: Transforming the Dynamics of Natural Gas
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