DALLAS, April 15, 2015 /PRNewswire/ --
Sandlerresearch.org adds Global Unconventional Gas Market 2015-2019 a new research report in its store. Arrow Energy Pty Ltd., BG Group plc, British Petroleum plc (BP), Chesapeake Energy Corp. and Chevron Corp. are key players of the global unconventional gas market.
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.
The analysts forecast Global Unconventional Gas market to grow at a CAGR of 5.4% over the period 2014-2019. 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.
The report covers 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 (Tight Gas, Shales Gas and CBM) and end-users.
The growth of the market depends on cost-effective operations and advances in technology that excavates unconventional gas sources. While China and the US are using modern technologies to extract huge amounts of unconventional gas such as shale and tight gas, governments worldwide are investing heavily in R&D to develop technology that boosts production of gas from coal beds, shale blocks, and tight sands.
In recent years, the depletion of conventional energy sources in the face of higher natural gas demand has become a global concern. Governments are sharpening a focus on unconventional gas sources to address the huge demand-supply imbalance
Policies to encourage the development of unconventional gas sources include tax credits as envisioned under the Windfall Profits Tax Act of 1980. Such initiatives are designed to reduce risks, attract new sources of capital, and boost returns for unconventional gas projects.
Order a Copy of Report at http://www.sandlerresearch.org/purchase?rname=34745.
The report, 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.
The report 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.
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.
Explore Other Related Reports:
Global Floating LNG Market 2015-2019: The analysts forecast Global Floating LNG market to grow at a CAGR of 15.2 percent over the period 2014-2019. One of the key trends expected to mitigate the effect of the challenges is the increase in LNG exports. Because of the increase in demand for energy, the LNG exports are increasing to fulfill this demand. Producers are seeking to convert existing import terminals into export terminals.
According to the report, one of the key factors driving the market is the growing offshore field development. It is expected that the market will witness a significant increase in the number of new offshore floating LNG projects during the forecast period compared to other shale gas and related exploration projects.
The report covers present scenario and the growth prospects of the Global Floating LNG market for the period 2015-2019. The report includes the segmentation of the Global Floating LNG market on the basis of type of floating LNG terminal.
The report, Global Floating LNG Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Floating LNG market landscape and its growth prospects in the coming years. The report includes the geographical segmentation of the Global Floating LNG market. It also includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in the Global Floating LNG Market: Excelerate Energy LLC, Golar LNG, Höegh LNG, Royal Dutch Shell plc and Samsung Heavy Industries.
Order a Copy of Report at http://www.sandlerresearch.org/purchase?rname=34744.
Other Prominent Vendors in the market are: Daewoo Shipbuilding and Marine Engineering, Hyundai Heavy Industries and PETRONAS.
Further, the report states that the design and construction challenges for floating LNG facilities have become a serious concern in the market. The movement of LNG production to the offshore set-up is very complex and poses a set of challenges related to the design and construction of floating LNG systems. In the floating LNG system, the size of the total LNG system is reduced to one-third the size of a typical LNG facility.
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SOURCE Sandler Research