|By PR Newswire||
|February 17, 2014 07:37 AM EST||
LONDON, Feb. 17, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:
Growing Demand for Energy from Developing Countries Drives Shale Exploration Activities
This research service examines opportunities in the global shale gas market. With increased demand and higher prices for oil and gas, unconventional resource exploitation has become a lucrative opportunity for producers. In recent years, shale gas is identified as an important unconventional source of natural gas stored in organic, rich, and mature fine-grained sedimentary rock. This study discusses the driving and restraining factors that are expected to impact the development of shale gas across the globe during the forecast period. Furthermore, the study discusses regulations, policies, and other relevant market trends as well as competition in the global market.
Executive Summary—Key Findings
• With increased fuel demand across the globe, the need to locate new energy reserves is also growing. Governments are more focused on the environmental impact of using these resources than ever before. Hence, companies are aiming to locate resources that could have lesser impact when used compared to crude oil.
• Shale gas is identified as one of the solutions for addressing the rise in global gas demand. However, the exploitation period of these reserves likely varies from one well to another due to unique characteristics, which leads to uncertainty when it comes to production and price.
• Low population density, rich experience in shale gas drilling, and a huge volume of data regarding shale characteristics are identified as the success factors for shale gas development in the US.
• Achieving similar success is very difficult as all the aforementioned factors might be different for other countries. However, countries still focus on breaking through to successfully explore and exploit shale gas in their respective country.
• Many countries are involved at some level of shale activity, such as policy development, auctioning of shale assets, geological assessment, exploration, or production. Commercial production from countries other than the US is expected to take some time.
1. The shale gas industry is in the early stage of the lifecycle, which means greater promise for development.
2. Companies should ensure the extraction process completely addresses stakeholders' concerns.
3. The expertise of US companies in shale gas development should be leveraged to penetrate the market in other regions.
4. Companies must understand the geological formation before making concrete decisions as a one-size-fits-all argument is not applicable to shale.
Shale gas is a type of natural gas extracted from the shale formations lying beneath the earth's surface. Shale is a fine-grained, sedimentary rock formation containing a huge volume of oil and gas. This market research study discusses the potential for shale gas reserves in major countries across the globe. It also discusses potential implications for industries and power generation sector.
North America: US and Canada
Europe: UK, Poland, and Norway
Latin America: Mexico and Argentina
Asia Pacific: Australia, China and India
Africa: Algeria and South Africa
Key Questions This Study Will Answer
How is the shale gas development evolving across the globe?
Are the global regions likely to leverage US experience to develop their domestic reserves?
Will the current solutions in the US applicable for all other regions?
How are the government policies in the respective regions expected to impact the shale gas development?
Are the vendors in the space self sufficient in other countries, or do they need partnerships to take their businesses to the next level?
Table of Contents
1. Executive Summary
2. Market Overview
3. External Challenges: Drivers and Restraints—Total Market
4. Geographical Analysis
• Country Analysis—United States
• Country Analysis—Canada
• Country Analysis—Europe
• Country Analysis—China
• Country Analysis—Australia
• Country Analysis—India
• Country Analysis—Argentina
• Country Analysis—Mexico
• Country Analysis—Algeria
• Country Analysis—South Africa
5. The Last Word
7. The Frost & Sullivan Story
Read the full report:
Global Opportunities in the Shale Gas Market