"Global Shale Gas Market Will Reach $26.67bn in 2011" Says Visiongain Report

LONDON, June 14, 2011 -

Visiongain’s latest energy report The Shale Gas Market
2011-2021, details this exciting industry coming out of North
America into the rest of the world. Visiongain calculates that the
global shale gas market will reach $26.67bn in 2011.

The cleaner burning characteristics of natural gas in comparison
to other fossil fuels is making the commodity increasingly more
popular in a world looking to curb carbon emissions. Improvements
in technologies over the last ten years have increased the
feasibility of extracting gas from shale rock leading to a
significant increase in domestic natural gas production in the
US.

The shale gas market has seen powerful growth in North America
over the last 10 years as the combination of hydraulic fracturing
and horizontal drilling has made shale gas extraction economically
feasible. The growing volume of domestically produced natural gas
from shale sources in the US has driven other nations around the
world to dynamically investigate their own potential shale gas
reserves. The shale gas market is therefore presenting a wealth of
opportunities for growth over the next ten years.

The success of developing shale plays in the US has seen an
explosion of interest from nations outside of North America looking
to achieve similar levels of energy independence. While North
America is a critical market for shale gas, the potential for shale
gas production outside of this region is considerable and will
bring an abundance of opportunity. Rising natural gas demand and
the mitigation of energy dependencies are driving the global shale
gas market. However, the high costs of developing shale, low
natural gas prices and the cautious governments are the main
restraining factors. Certain Governments are facing calls for an
investigation into the safety of shale gas extraction over fears of
links to recent earth tremors. ‘While there is mounting pressure on
the US shale gas sector over the safety of hydraulic fracturing and
horizontal drilling, the industry should prove that these fears are
overstated, if not altogether inaccurate. Enormous prospects that
have only just begun to be tapped in the US and Canada and have yet
to be exploited elsewhere, as well as expanding natural gas
consumption, particularly for power generation, will ensure
investment in shale gas development booms over the coming ten
years.’ says Scotland, visiongain report analyst.

The Shale Gas Market 2011-2021 is a visiongain energy report
examining key aspects of this burgeoning industry and its rapid
expansion around the globe. Visiongain’s The Shale Gas Market
2011-2021 examines in depth one of the fastest growing and most
exciting areas of the energy industry. Although shale gas has the
potential to significantly reduce a given countries dependency on
gas imports, it has also been the subject of much controversial
media attention. These issues are covered thoroughly in this timely
publication. The Shale Gas Market report includes; quantified
forecasts for the global and largest national markets, offering
insight into where the best growth opportunities lie; a study of
the drivers and restraints in the shale gas market; a SWOT analysis
of the market and interviews with shale gas industry experts. This
compilation of key information and market forecasts creates an
invaluable tool for anyone interested in the shale gas market.

For an executive summary, analyst interviews or further
information about visiongain’s The Shale Gas Market 2011-2021
please click on
www.visiongain.com/Report/605/The-Shale-Gas-Market-2011-2021 

About visiongain

Visiongain is one of the fastest growing and most innovative
independent media companies in Europe. Based in London, UK,
visiongain produces a host of business-2-business conferences,
newsletters, management reports and e-zines focusing on the Energy,
Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts,
who are qualified experts in their field. Visiongain has firmly
established itself as the first port-of-call for the business
professional, who needs independent, high quality, original
material to rely and depend on. 

If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun at visiongainglobal.com or call her on +44-(0)207-336-6100.