Press release
GCC Natural Gas Market Outstanding Research for Petroleum Development Oman, Statoil, Rosneft, Occidental Petroleum Corporation and Total
GCC Natural Gas Market, GCC Natural Gas Market Study, GCC Natural Gas Market Size, GCC Natural Gas Market Segmentation, GCC Natura
The prime objective of GCC Natural Gas Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report.
This report focuses on the top Manufacturers and players in global market are given bellow:-
Qatar Petroleum, GAZPROM, British Petroleum, Exxon Mobil, ConocoPhillips, Bahrain Petroleum Company, Eni, Lukoil, Chevron, Royal Dutch Shell, ONGC Videsh, General Electric, Occidental Petroleum Corporation, Petroleum Development Oman, Statoil, Rosneft, Occidental Petroleum Corporation and Total.
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Qatar natural gas market is predicted to surpass 50 million tons by 2024. Positive consumer outlook toward LNG production accompanied by abundant availability of natural gas reserves will propel the market penetration. The Government of Qatar, in 2018, announced its plans to boost LNG production by 30% from 77 to 100 million metric tons per annum by 2023.
Unconventional natural gas Market is set to expand over 9% by 2024. Rising demand for clean fuel from high energy intensive industry will positively influence the industry landscape. Non-toxins, ability to provide greater efficiency and less carbon emission are some of the eminent features which will positively influence the business outlook.
CNG natural gas market is projected to surpass USD 3 billion by 2024. Shifting trend toward energy security coupled with rising number of automotive vehicle will boost the product demand. In Saudi Arabia, passenger vehicle sales are predicted to grow by 50%.
In 2017, the residential application accounted for over 12% of GCC natural gas market share owing to the expanding middle class population along with brisk economic growth. In 2018, World Bank predicted a growth rate of over 1.5% with respect to Saudi Arabian economy.
GCC Natural Gas Market Size By Product
Unconventional {Gas (Shale, Tight, Others),Transfer Mode (LNG, LPG, CNG, Others)},Conventional (Transfer Mode ( LNG, LPG, CNG, Others)]
By Application {Residential, Commercial
(Hotels, Hospitals, Educational Institutes, Government Buildings, Others)
Industrial (Cement, Food & Beverages, Metal, Power Plant, Others)
By End Use
(Transportation, Steam Generation, Cooking, Space Heating, Others)
Industry Analysis Report, Regional Outlook (Saudi Arabia, UAE, Kuwait, Qatar, Oman, Bahrain), Competitive Market Share & Forecast, 2018 - 2024
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