DUBLIN, May 9, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/mq2v4z/shale_gas_market) has announced the addition of the "Shale Gas Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019" report to their offering.
Shale gas is used for a range of applications which includes industrial, power generation, commercial, residential and transportation. It is basically a natural gas which is extracted from different shales. Some major shales are Marcellus, Eagle Ford, Niobrara, Barnett, Bakken among others. In industries, shale gas is used to produce ethane which is a feed stock for various industries. Shale gas itself is used as feedstock for fertilizer industry to produce ammonia. Shale gas is used in the power industry replacing coal. Many countries are converting their coal fired power plants to gas fired power plants to reduce carbon emissions. Commercial and residential sectors use shale gas for space heating or cooling, water heaters, and cooking purposes among others. Shale gas is also used as fuel for vehicles.
Shale gas is widely used in power generation and industrial applications. In 2012, Industrial usage accounted for approximately above 30% and is expected to reach approximately to 33% to 35% by 2019. Power generation also accounts for a major portion of the overall shale gas market share and by 2019 it is expected to decrease. Residential usage is expected to increase by 2019, as other renewable energy sources such as solar energy, biogas, etc. are increasingly preferred because they are eco-friendly. Application in the commercial sector is also expected to increase substantially, by 2019. Use of CNG in transportation is slowly rising due to soaring crude oil prices.
EIA has estimated a total of 7,299.0 tcf of total technically recoverable shale gas reserves in the world. China has the largest reserves and ranks first followed by Argentina, Algeria and the U.S. North America is the only region producing shale gas. Rest of the world's shale gas reserves are intact and carry a great potential to meet future energy demand. U.S. and Canada were the only two countries known to have produced commercial shale gas in 2012 and which had a major contribution to the shale gas market.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Shale gas: Industry Analysis
Chapter 4 Shale gas market - Technology Analysis
Chapter 5 Shale Gas Market - Application analysis
Chapter 6 Shale gas market - Regional analysis
Chapter 7 Company Profiles
- 5 Recent developments
- Anadarko Petroleum Corporation
- BHP Billiton Limited
- BP plc.
- Cabot Oil and Gas
- Chesapeake Energy Corporation
- Devon Energy Corporation
- EOG Resources Inc.
- Royal Dutch Shell plc
- Statoil ASA
- Total SA
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SOURCE Research and Markets