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Frost & Sullivan: Shale Gas Will Reshape World Energy Markets

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Frost & Sullivan: Shale Gas Will Reshape World Energy Markets PR Newswire LONDON, Sept. 12, 2012 - In a new study our analysts look at how this source will have an impact on both energy and chemicals industries with geopolitical repercussions LONDON, Sept. 12, 2012 /PRNewswire/ -- Of all energy resources, oil and coal dominate global consumption. While natural gas currently holds a significant share of the energy market, newly discovered shale gas reserves around the globe are likely to promote consumption of gas as both an energy source and an affordable feedstock for a wide variety of chemicals and materials. A new study by Frost & Sullivan titled "Analysis of the Global Shale Gas Market" examines the impact of shale gas on the chemical industry and looks at the shale gas market as a whole. "The rapid development of shale resources is set to change dramatically the current energy assets globally," says Frost & Sullivan Consulting Analyst Michael Mbogoro. Europe will, in the long term, decrease the region's dependence on supplies from Russia and the Middle East, thus reducing their dominance in energy markets. It is likely to also give rise to new geopolitical alliances at the expense of old. Most demand in Asia will come from China and Japan, following China's insatiable energy needs (as a result of rapid growth) and Japan's expected increased dependence on natural gas following the Fukushima nuclear disaster.
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Frost & Sullivan: Shale Gas Will Reshape World Energy Markets
PR Newswire LONDON, Sept. 12, 2012
- In a new study our analysts look at how this source will have an impact on both energy and chemicals industries with geopolitical repercussions LONDON,Sept. 12, 2012/PRNewswire/ -- Of all energy resources, oil and coal dominate global consumption. While natural gas currently holds a significant share of the energy market, newly discovered shale gas reserves around the globe are likely to promote consumption of gas as both an energy source and an affordable feedstock for a wide variety of chemicals and materials. A new study by Frost & Sullivan titled "Analysis of the Global Shale Gas Market" examines the impact of shale gas on the chemical industry and looks at the shale gas market as a whole. "The rapid development of shale resources is set to change dramatically the current energy assets globally," says Frost & Sullivan Consulting Analyst Michael Mbogoro.Europewill, in the long term, decrease the region's dependence on supplies fromRussiaand theMiddle East, thus reducing their dominance in energy markets. It is likely to also give rise to new geopolitical alliances at the expense of old. Most demand inAsiawill come fromChinaandJapan, followingChina's insatiable energy needs (as a result of rapid growth) andJapan's expected increased dependence on natural gas following the Fukushima nuclear disaster. The large shale gas reserves inChinawill only temporarily ease the import burden, even if one accounts for increased power generation capacity from other sources (hydro, solar, wind). Furthermore, large chemical companies are shifting investment patterns to exploit the rich shale gas reserves inthe United States, at the expense of the Middle Eastand other natural gas-rich regions. North American natural gas prices are the lowest globally, and chemical companies are fuelling a revival of the US manufacturing sector by capitalising on this cheap supply. Opportunities exist for wastewater treatment companies due to the high volumes of water consumed in shale gas production and for companies that produce hydraulic fracturing chemicals. "The hydraulic fracturing chemicals market is projected to grow by approximately 10 per cent annually through 2020," explains Dr. Mbogoro. "The market is dominated by large energy service companies that enjoy close relationships with oil and gas participants. However, chemical companies still have a significant market share. Gelling agents are the major fracturing chemicals by volume, followed by friction reducers and corrosion inhibitors." Due to increased shale gas production inNorth America, demand has increased for gelling chemicals, such as guar gum, resulting in severe global shortages, resulting in high prices. The wastewater treatment chemicals market is also growing because of the shale gas boom. While some chemicals are commoditized, innovative solutions to water treatment continue to emere. Due to the hue volumes of water