Global Tight Gas Market 2018-2022: Market will Register a CAGR of Almost 5% - Key Vendors are Canadian Natural, Chevron, Exxon Mobil, Royal Dutch Shell & YPF
Dublin, Jan. 14, 2019 (GLOBE NEWSWIRE) -- The "Global Tight Gas Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The tight gas market will register a CAGR of almost 5% by 2022.
Technological advances in hydraulic fracturing is expected to drive growth in the market. The unconventional gas boom can be attributed to the technological and innovation breakthroughs related to E&P in the oil and gas industry.
Market Overview
Advantages associated with tight gas
Tight gas is one of the cleanest burning fossil fuels, as it has low carbon content and burns with lower sulfur emissions, metal compounds, and carbon dioxide.
Concerns associated with fracturing
The emergence of tight gas as an unconventional source of energy has changed the landscape of energy security in several countries. many tight gas reserves face fresh water stress level as a barrier. The process of fracking is water intensive; hence, the availability of freshwater is essential for extraction of tight gas. This affects the growth of the market.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Canadian Natural and Chevron, the competitive environment is quite intense. Factors such as the advantages associated with tight gas and the technological advances in hydraulic fracturing, will provide considerable growth opportunities to tight gas manufactures.
Canadian Natural, Chevron, Exxon Mobil, Royal Dutch Shell, and YPF are some of the major companies covered in this report.
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Related Topics: Natural Gas
Source: GlobeNewswire
(January 14, 2019 - 4:20 AM EST)