Global shale gas production is expected to grow from 4,130 bln cubic feet in 2011 to 6,991 bln cubic feet in 2021 at a CAGR of 5.4% for the same period, as per MarketsandMarkets. North America, being the only region active with commercial production of shale gas as of year 2010; is expected to remain the largest shale gas market in terms of production volumes by the year 2021 with a share of 78% due to technological expertise and availability of resources; followed by EMEA (13%), Asia Pacific (7%), and ROW (2%).
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Friday, May 27, 2011
Global shale gas production to grow to 6,991 bln cubic ft by 2021 at a CAGR of 5.4% for 10 years
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