Natural Gas Industry 2019 Global Market Growth, Size, Demand, Trends, Insights And Forecast 2026

The global natural gas market is likely to gain impetus from a rise in the demand for light-duty vehicles. According to a report by Fortune Business Insights, titled, “Natural Gas Market Size, Share and Global Trend by Type (Ethane, Propane, Methane, Others), by Source (Conventional Gas, Unconventional Gas), by Application (Automotive, Power Generation, Household, Industrial Fuel), and Geography Forecast till 2026,” natural gas burns cleaner than petroleum or coal. This in turn, reduces the emission of carbon dioxide in the atmosphere.

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Hence, it has led to a huge demand for natural gas which is one of the major factors that is likely to contribute to the growth of the global natural gas market. Moreover, the governments of several countries are encouraging the populace to make more usage of natural gas and reduce the consumption of carbon-intensive liquid and coal fuels.

The report classifies the global natural gas market on the bases of type, source, application, and geography. In terms of type, the market is segmented into propane, methane, ethane, and others. By source, the market is divided into conventional gas and unconventional gas. By source, the market is grouped into automotive, household, power generation, and industrial fuel. Amongst these, natural gas is one of the key fuels that is used persistently in power generation and industrial sectors.

Segmentation

  1. By Type
  • Ethane
  • Propane
  • Methane
  • Others
  1. By Source
  • Conventional Gas
  • Unconventional Gas
  1. By Application
  • Automotive
    • Light Duty Vehicles
    • Heavy Duty Vehicles
  • Power Generation
  • Household
  • Industrial Fuel
  1. By Geography
  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Spain, Norway, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

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Key Industry Developments

  • In Jan 2019, Saudi Arabia has announced that it will venture into US natural gas as LNG investment which will enable Saudi Arabia to compete with Qatar, which is planning to invest more than $20 billion.
  • In May 2019, NRG Energy buys retail electricity and natural gas business for $300M. As the stream serves more than 600,000 residential customers equivalents in nine states and Washington, DC. The deal is expected to increase NRG’s market share in Texas and a number of other markets in eastern the US.
  • In Feb 2019, Exxon Mobil and Qatar greenlight a plan to export natural gas from Texas. The project costs around $10 billion. Qatar wants to focus on the expansion of its natural gas business. Exxon and Qatar Petroleum have previously worked together in Argentina, Brazil, and Mozambique.

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Countries and Energy Companies Focus on Strategic Transactions to Strengthen Position in Market  

Saudi Arabia announced in January 2019 that it will venture into the U.S. natural gas as liquefied natural gas investment. This venture will aid Saudi Arabia in competing with Qatar as Qatar is planning to invest more than $20 billion. NRG Energy, a nuclear electric power generation company, based in the U.S., announced in May 2019, that it has purchased Dallas-based Stream Energy’s retail electricity and natural gas business for $300M. Stream Energy provides more than 600,000 residential customer equivalents in Washington, DC and nine other states. The transaction is projected to strengthen NRG Energy’s position in the market and it will also increase the company’s market share in Pennsylvania, Texas, and the other markets in the U.S. In February 2019, Exxon Mobil Corporation, a multinational oil and gas corporation, headquartered in the U.S. and Qatar Petroleum announced their plan to finance a $10 billion-plus project to export natural gas from Texas. Qatar Petroleum also said that its main aim is to focus on the expansion of natural gas business of the country. Both the companies have worked together previously in Brazil, Mozambique, and Argentina.

Top Players

  • Royal Dutch Shell Plc
  • Gazprom
  • Chevron
  • EOG Resources
  • Exxon Mobil Corporation
  • Chesapeake Energy
  • Anadarko Petroleum
  • China National Petroleum Corporation
  • Conoco Philips
  • Total S.A.
  • SM Energy Company
  • EQT
  • Cimarex Energy
  • Hess Corp
  • BP Plc
  • Eni S.p.A.
  • Encana
  • Exco Resources
  • Statoil ASA

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Key Market Driver –  Drift towards cleaner source of energy and application of natural gas in various fields

Key Market Restraint – Volatility in the price of crude oil

Major Table of Content For Natural Gas Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Natural Gas Market Analysis, Insights and Forecast, 2016
  6. North America Natural Gas Market Analysis, Insights and Forecast, 2016
  7. Europe Natural Gas Market Analysis, Insights and Forecast, 2016
  8. Asia Pacific Natural Gas Market Analysis, Insights and Forecast, 2016
  9. Middle East and Africa Natural Gas Market Analysis, Insights and Forecast, 2016
  10. Latin America Natural Gas Market Analysis, Insights and Forecast, 2016
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

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