The shale gas market will reach $36.95bn in 2012 according to new report

Thursday 17 May 2012, Amsterdam

Over the last few years the shale gas industry has seen significant growth in the North American market changing the dynamics of natural gas trading in this 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. Visiongain’s report The Shale Gas Market 2012-2022: Transforming the Dynamics of Natural Gas 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. Favourable circumstances for growth, such as an established onshore oil and gas industry, strong domestic energy demand and good prices saw the industry boom into the multi-billion dollar operation it is today. 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.

The report contains 71 tables, charts and graphs that add visual analysis in order to explain developing trends within the shale gas market. The study provides forecasts for the period 2012-2022 in terms of capital expenditure (US$) on the global shale gas market. In addition, eight national shale gas markets are forecast and analysed over the period 2012-2022, along with countries in the rest of Europe and the rest of the world. The report also provides profiles of 40 leading companies operating within the market, and includes two exclusive interviews with experts from principal companies working in the shale gas market, providing key insight alongside the analysis. Devon Energy and FEI Company.

The Shale Gas Market 2012-2022: Transforming the Dynamics of Natural Gas report will be of value to current and future potential investors in shale gas, as well as companies and research centres who wish to broaden their knowledge of the shale gas market. In order to learn more about the opportunities and prospects of the shale gas market around the world, purchase The Shale Gas Market 2012-2022: Transforming the Dynamics of Natural Gas.