Global Unconventional Gas Market 2015-2019
About Unconventional Gas
Unconventional gas is a type of natural gas resource trapped in coal beds, shale blocks, and tight sands. This gas resource is different from conventional sources in terms of reservoirs, geographical areas, and accumulation of natural gas. For the extraction of unconventional gas, different techniques are applied depending on the field and type of gas extracted. One common method is hydraulic fracturing, where a hole is drilled into the rock and large amounts of water are injected at high pressure along with sand and other chemicals to create cracks in the rock. The cracks, when opened, will free the trapped gas, allowing it to flow to the wellhead.
TechNavio's analysts forecast the Global Unconventional Gas market to grow at a CAGR of 5.4 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the Global Unconventional Gas market for the period 2015-2019. It includes the segmentation of the Global Unconventional Gas market on the basis of type of unconventional gas and end-users.TechNavio's report, the Global Unconventional Gas Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Unconventional Gas market landscape and its growth prospects in the coming years. The report includes the geographical segmentation of the Global Unconventional Gas market. The report includes a discussion of the key vendors operating in this market. Key Vendors
Technavio Announces the Publication of its Research Report – Global Unconventional Gas Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Unconventional Gas Market: Arrow Energy Pty Ltd., BG Group plc, British Petroleum plc (BP), Chesapeake Energy Corp. and Chevron Corp.
Other Prominent Vendors in the market are: Dart Energy, Devon Energy, ExxonMobil and Royal Dutch Shell
Commenting on the report, an analyst from Technavio’s team said: “Higher investments in unconventional gas sources are one of the key trends upcoming in the market. Many market vendors and governments are investing in unconventional gas sources to increase production as the global demand is increasing day by day. It is expected that with the rising investments, technology will improve, thereby reducing the risk and cost associated with the extraction of unconventional gas.”
According to the report, exhaustion of conventional gas reserves is one key factor driving the market. As conventional gas resources get depleted, governments worldwide are shifting their focus to alternative sources of energy, thereby propelling the growth of the market.
Further, the report states that volatility in gas prices is a major challenge that may directly hamper the growth of the market. With operations in the Global Unconventional Gas market being capital-intensive, a dip in prices impacts revenues, exhausts credit limits, and adds to market debt.
Arrow Energy, BG Group, BP , Chesapeake Energy , Chevron , Dart Energy , Devon Energy , ExxonMobil , Royal Dutch Shell