Energy & Green Renewable Technology Market News

Global shale gas market to make huge impact in near future

Global shale gas market to make huge impact in near future

The global market for shale gas is highly competitive in nature and is led by top multinational oil & gas conglomerates which are present across the value chain

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Shale Gas Market is expected to grow at a CAGR of 16.4% between 2017 and 2022. Shale gas is natural gas trapped within the shale formation, and is derived from underground shale deposits that are broken up by hydraulic fracturing.

The increasing popularity of shale gas in various industries has advocated a growing awareness regarding the benefits of shale gas as an energy resource. Shale gas emits less carbon content compared to coal; therefore, it could be used as a cleaner energy option for many countries that are presently depending on coal and crude oil, as an energy source.

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Major companies are as follows:
Anadarko Petroleum Corporation
Antero Resources Corporation
Chesapeake Energy
Chevron
Conoco Phillips
CONSOL Energy
EQT Corporation
ExxonMobil
Pioneer Natural Resources
Range Resources

The hydraulic fracturing method of shale gas extraction could create water scarcity; hence, the governments of some countries like Argentina and France have banned hydraulic fracturing process in some areas of the country. Again, shale gas production is not yet started in Europe, due to the unstructured regulatory framework of many European countries.

Geographically, the market has been segmented into North America, Europe, Asia-Pacific, and LAMEA. Currently, United States is the major producer of shale gas.

Abundancy of technically recoverable shale reserves coupled with favorable government regulation for producers supplements the shale gas production in United States. Europe would be the fastest growing region, accounting for the highest CAGR of 61.5%, in terms of volume owing to availability of shale gas reserves in more than 14 European countries.

growing pressure to decrease harmful emissions, each of these countries has a significant stake in developing their shale gas production and distribution potentials. Middle East & Africa and Latin America are expected to remain nominal regional market 

Major regions are as follows:
Russia
China
Brazil
India
South Africa

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