By 2035, analysts are predicting that Shale Gas could account for 45% of US domestic production
London, UK (PRWEB UK) 4 December 2012
By 2035, analysts are predicting that Shale Gas could account for 45% of US domestic production. It is currently only responsible for 20%. Fast growth in the US shale gas market place is therefore expected. To help companies and governments make informed business decisions, NRG Expert’s Shale Gas Market Research Report provides a comprehensive overview and analysis of the fast growing global shale gas market. It looks at the most important shale gas companies and shale gas data as well as providing forecasts for the future.
The energy analysts at NRG Expert have spent many months researching the global market place to provide much needed information, data and statistics on shale gas reserves, companies and shale gas technologies. This useful report is now available at http://www.nrgexpert.com
Shale Gas Report - Key Findings:
>> Shale gas is a “game changer"
NRG Expert’s Shale Gas Market Research Report reveals that shale gas has been a ‘game changer’ in the US. Changing the country from being reliant on imports for the foreseeable future to being able to meet demand for domestic production, from shale gas. A large reduction in the cost of producing natural gas from shale gas, has now made shale gas economically viable.
>> Low shale gas prices and high oil prices
While a meteoric rise in US shale gas production is forecast, there are some factors which may slow this rise. Low shale gas prices have made gas projects less attractive for investors. Although simultaneously high oil prices in the automobile industry are forcing companies to look for more economic alternatives such as compressed natural gas vehicles. So while shale gas prices are low, demand is rising.
>> Shale gas environmental impact
There is concern over the environmental impact of fracturing water and the amount of water used in the fracturing process. New environmental legislation on hydraulic fracturing, if passed, could drive the costs of hydraulic fracturing higher, possibly leaving only the big players in the shale game.
On the plus side, natural gas produces less carbon dioxide (CO2) emissions on burning than coal. This could have positive impacts on the global shale gas market. Switching from coal to natural gas (at power stations) is one option for country’s to meet Kyoto targets for cutting CO2 emissions
NRG Expert’s shale gas analysis however, has revealed that despite the challenges, interest in shale gas has not waned. Investors from Saudi Arabia are now looking at the US in order to capitalise on the shale gas boom, with exports expected to exceed imports by 2016.
For a complete shale gas industry analysis view NRG Expert’s Shale Gas Market Research Report.
The Shale Gas Report produced by NRG Expert researches the trends and predictions in the shale gas industry, market size evaluations and forecasts. It outlines the most important shale gas companies and shale gas industry data. It contains an analysis of future shale gas prices and reserves in the global market place. This in-depth shale gas data can be used to aid the design of business strategies, trends and predictions in the industry.
The Shale Gas Report includes information on:
>> World oil and shale gas reserves
>> Natural gas demand and consumption
>> Unconventional gas
>> Shale gas technology
>> Environmental impacts
>> Gas advantages
>> Shale gas prices
>> Country profiles
>> Shale gas data and statistics
>> Shale gas companies
To find out more about this report visit NRG Expert Shale Gas Report Overview page.