Global Shale Gas Market by Technology, Geography, Applications, Regulations By RnR

June 22, 2011 - PRLog -- The report covers the trends and forecasts for the year 2021 in production and consumption of shale gas along with production costs and average selling prices, opportunities, burning issues, challenges, and regulations affecting shale gas market in North America, EMEA, Asia Pacific, and Rest of the World. The geographic segmentation is done on the basis of shale gas production and exploration activities executed by major oil and gas companies. 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 executed by oil and gas companies and exploration of new shale gas resources. As a result of these activities, new shale gas production volumes are expected from these regions.

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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 are China (6.2%), Poland (6%), France (5.4%), South Africa (5.1%), and the U.S. (5%). North America is expected to remain the 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.

Shale gas is an unconventional natural gas explored at a greater depth than conventional natural gas from underground shale formations. The widely used technologies for production are multistage hydraulic fracturing; combined with horizontal drilling. The cost of drilling and fracturing water requirement varies from basin to basin depending upon geological rock formation and depth of resources. The technology section of the report covers basin-wise production details, geological characteristics, and well cost. The section also includes analysis of scenario regarding potential water usage for shale gas production. The report discusses various scenarios of how ethylene can be produced in the U.S. from shale basins and cost advantages it can leverage against imports.

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