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Global Natural Gas Market Expected to Grow with a CAGR of 5% During the Forecast Period, 2020-2024 - ResearchAndMarkets.com

January 15, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 15, 2020--

The “Natural Gas Market by Resource Type and Geography - Forecast and Analysis 2020-2024” report has been added to ResearchAndMarkets.com’s offering.

Global Natural Gas Market: About this market

The natural gas market analysis considers sales from conventional and unconventional resource types. Our study also finds the sales of natural gas in APAC, Europe, MEA, North America, and South America. In 2019, the conventional segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising demand for natural gas and increasing investments in the upstream sector will play a significant role in the conventional segment to maintain its market position. Also, our global natural gas market report looks at factors such as rising investments in upstream projects, increasing focus on unconventional exploration and production activities, and growing demand for natural gas. However, volatility in oil and gas prices, environmental concerns related to drilling, and change in energy mix may hamper the growth of the natural gas industry over the forecast period.

Global Natural Gas Market: Overview

Rising investments in upstream projects

The growing population and industrial development have been increasing the demand for energy across the world. Therefore, many countries are exploring untapped oil and gas resources using technological advances in the oil and gas industry. Moreover, the production of oil and natural gas is declining from several conventional oilfields. To address this issue and maximize the revenue from such oilfields, oil and gas operators are increasing investments in mature oil and gas fields. Such increasing investments in the upstream oil and gas sector across the world will lead to the expansion of the global natural gas market at a CAGR of about 5% during the forecast period.

Commoditization of LNG

An increase in the demand for LNG and a rise in its supply is essential for the growth of this commodity market. The growing diversity in the LNG contract terms among the producers and buyers is leading to an increase in the number of floating liquefaction and regasification plants, as well as to the rising liquidity of tradable LNG, thereby commoditizing LNG. Hence, the global LNG market is eventually transitioning toward a more transparent, efficient, and liquid market. The economic viability of the LNG form of natural gas makes it highly preferred for transporting over long distances. The reduced prices of LNG have increased its use, driving the shift from coal to natural gas. Hence, the commoditization of LNG has increased LNG trading activities and benefitted vendors. This development is expected to have a positive impact on the overall market growth.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE

PART 08: MARKET SEGMENTATION BY RESOURCE TYPE

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

PART 13: VENDOR ANALYSIS

For more information about this report visit https://www.researchandmarkets.com/r/llf4l

View source version on businesswire.com:https://www.businesswire.com/news/home/20200115005681/en/

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KEYWORD:

INDUSTRY KEYWORD: OIL/GAS ENERGY

SOURCE: Research and Markets

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PUB: 01/15/2020 12:40 PM/DISC: 01/15/2020 12:40 PM

http://www.businesswire.com/news/home/20200115005681/en