Hyderabad,
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India
(PRBD.net)
8/26/2010 12:00:00 AM
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The North American natural gas industry is expected to witness a steady growth in production from 72.4 Bcf/d in 2008 to 82.1 Bcf/d in 2020, at an AAGR of 1.2%. The unconventional natural gas is expected to account for 52% of the total production in 2020. In US, the unconventional natural gas already accounts for approximately 50% of the production. By 2020, the share is expected to increase to 58%. In Canada, the unconventional natural gas production is expected to account for 30% of the production in 2002, up from approximately 5% share in 2008. 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 Bcf/d in 2020 with over 50% of this production coming from Haynesville and Barnett shale plays.
For further details, please click or add the below link to your browser:
http://www.gbiresearch.com/Report.aspx?ID=Natural-Gas-Industry-to-2016-Abundance-of-Unconventional-Gas-Changing-the-Industry-Landscape&ReportType=Industry_Report&coreindustry=ALL&Title=Oil_~_Gas
The global economic crisis has led to a significant drop in natural gas demand globally. The global natural gas demand dropped drastically in 2009, which led to a huge slump in natural gas prices. The excess production and low demand have forced the natural gas prices to remain low at an average of $4 - $4.5 per MMBTU, even with crude oil prices hovering at around $80 a barrel. LNG demand too has suffered, as a result of it being interdependent on natural gas demand. LNG prices have dropped significantly as a result in the recent past. Prices of spot LNG in Asia for immediate delivery slumped to as low as $3.8 per MMBTU in May 2010 from about $25 MMBTU in 2008, as the global recession cut demand from Japan and South Korea.
While the global LNG demand dropped substantially, the supply of LNG improved with new LNG liquefaction plants becoming operational in Qatar, Yemen, Indonesia and Russia. The new planned LNG terminals may further deepen the LNG supply glut. The major contributors to this increase are Australia, Iran, Nigeria and Qatar. Even in the Asia-Pacific region, where demand in India and China continued to grow, the drop in demand from major consumers like Japan, Korea and Taiwan created a slump in the overall LNG demand in the region.
GBI Research’s new report “Natural Gas Industry to 2016 - Abundance of Unconventional Gas Changing the Industry Landscape”. The study, which is an offering from the company’s Energy Research Group, provides an in-depth analysis of the natural gas market across the world and highlights the various concerns, shifting trends and major players in the region. The report provides forecasts for the exploration and production industry, natural gas pipeline industry, natural gas storage industry, unconventional resources and production and consumption analysis till 2016. The report also provides consumption forecasts in different geographic regions. The report provides in-depth analysis of the key trends and challenges in the natural gas market across the world. An analysis of the competitive scenario of the different segments is provided. The report is built using the data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.
For further details, please click or add the below link to your browser:
http://www.gbiresearch.com/Report.aspx?ID=Natural-Gas-Industry-to-2016-Abundance-of-Unconventional-Gas-Changing-the-Industry-Landscape&ReportType=Industry_Report&coreindustry=ALL&Title=Oil_~_Gas
Visit our report store: http://www.gbiresearch.com
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Contact Information
Rajesh Gunnam
GlobalData
e-park, hyderabad
Hyderabad,
AP,
500050
India
91-40661-66782
rgunnam@globaldata.com
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