Global natural gas industry 2013 - analysis of the trends, drivers, strengths and weaknesses of this industry

Wednesday, Jan 30, 2013

Research and Markets (http://www.researchandmarkets.com/research/qp3rmj/global_natural) has announced the addition of the "Global Natural Gas Industry" report to their offering.

Natural gas accounts for almost a quarter of world's energy consumption and its being brought into use considerably in the last 30 years. The Russian Federation is the largest gas producing country and the world leading exporting country. Natural gas is the predominant fuel in Russia, accounting for nearly half of the country's domestic consumption. It is followed closely by Iran. Other major producing countries are Canada, United Kingdom, Algeria, Indonesia, Iran, Netherlands, Norway and Uzbekistan. Most LNG trade takes place in Asia-Pacific, with Indonesia, Malaysia and Australia as exporting countries and Japan as the main importing country. Algeria and Qatar are also major exporters of LNG.

The countries of North America constitute a very integrated and mature market for natural gas. The North American natural gas market is almost self-sufficient. The liberalization process in natural gas market started as early as the seventies in Canada and United States, and they are the countries who have gone furthest in opening the market to competition.

The reserves of natural gas in Western Europe are limited, accounting for less than 5% of global resources. At present, the European market is under structural changes resulting from the liberalization process that is taking place. Main producing countries are Netherlands, Norway and United Kingdom.

The non-OECD (Organization for Economic Co-operation and Development) countries are expected to contribute the bulk of the growth in the production of natural gas in coming years. Russia and the Middle East are expected to make major contributions to the rise in the production of natural gas. But it is absolutely possible that the dominant position of classic production countries, especially Russia, could soon erode strongly. Poland, on the other hand, could become a relevant player in the global market.

Source: Business Wire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today