A recent study on the unconventional gas markets by Transparency Market Research unveils that the global unconventional gas market is expected to reach 126.93 billion in 2019, increasing 4.7% from 2013. The report also highlights that global production will go from 23.48 trillion cubic feet (tcf) in 2012 to 34.12 tcf by 2019, growing 5.8%.
Top 10 key points of the report:
- Lots of availability of technically recoverable unconventional gas reserves
- Developments in technology and new production techniques
- In 2012 tight gas was the largest produced unconventional gas
- Shale gas is expected to grow over 7% from 2013 to 2019
- China will have a key role in shale gas developments in 2015
- Coal bed methane (CBM) is expected to reach 4,256.8 bcf by 2019
- Coal be methane in Asia Pacific will drive the industry
- Australia is expected to be a major producer of CBM by 2019
- The US were the leading unconventional producer in 2012 with 70% of total production
- Asia Pacific is expected to grow by 20.8% by 2019
To read more click here to PR Newswire.
Click here and download Transparency Markets Research’s report
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