Pune, India -- (SBWire) -- 08/23/2018 --A recent report published by Infinium Global Research on Unconventional Gas Market provides in depth analysis of segments and sub-segments in global as well as regional Unconventional Gas Market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional Unconventional Gas Market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global Unconventional Gas Market. According to report the global Unconventional Gas Market is projected to grow at a CAGR of 4% over the forecast period of 2018-2024.
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Unconventional Gas Market is a natural gas obtained from the sources that are considered new and different. Unconventional Gas Market refers to natural gas that requires advanced production methods. Main types include gas within tight pore spaces, shale gas and coal bed methane and gas that is trapped in ice on the sea floor such as gas hydrates. Like conventional natural gas, Unconventional Gas Market is principally composed of methane, a powerful but short-lived greenhouse gas. Conventional gas reservoirs largely consist of porous sandstone formations covered by resistant rock, with the gas stored at high pressure.
Conventional gas reservoirs to promote growth in the Unconventional Gas Market
Decreasing dependence on exhausting conventional resources is one of the major factor driving the growth of unconventional gas market. However, excessive utilization and contamination of surface water and high production cost are some of the factors restraining the growth of the market .Regulatory support of china and U.S are anticipated to increase the production of unconventional gas over the years to come.
North America to contribute to growth in the global Unconventional Gas Market
U.S emerged as the major producer of unconventional gas owing to the huge reserves and technological advancements. Asia Pacific is anticipated to be the fastest growing market for shale gas. However, Europe is slowly catching up with the current shale gas development as countries including Britain, Poland and Germany among others are permitted for shale gas production.
Essar signs up GAIL for offtake of entire production from Raniganj East CBM block
Essar Oil & Gas Exploration & Production Ltd (EOGEPL) has signed a gas sale and purchase agreement with GAIL (India) Ltd. A company statement said the agreement entails a 15-year gas supply contract, whereby Essar will be able to monetize its entire Coal Bed Methane (CBM) production of 2.3 mmscmd from the Raniganj East block at a globally competitive price.The policy provides for marketing and pricing freedom at arm's length price in the domestic market to contractors of CBM blocks.
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GAIL submitted the winning bid, offering to pay gas prices that will be linked to three months' daily average price of Brent crude. The discovered price will lead to a substantial increase in the company's topline of Essar.
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global Unconventional Gas Market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of Unconventional Gas Market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the Unconventional Gas Market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the Unconventional Gas Market to understand the present and future trends in this market and formulate their strategies accordingly.
Unconventional Gas Market Size & Share - Industry Scope and Professional Survey Report 2018-2024
Infinium Global Research added Latest Research Report titled “Unconventional Gas Market by Manufacturers, Regions, Product Type and Application, Forecast to 2024” to its Large Report database.