Press release
GCC Natural Gas Market Emerging Growth by Top Players | Qatar Petroleum, GAZPROM, British Petroleum, Exxon Mobil, ConocoPhillips, Bahrain Petroleum Company, Eni, Lukoil, Chevron, Royal Dutch Shell, ONGC Videsh, General Electric, Occidental Petroleum Corpo
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.
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Increasing focus toward development of non-conventional reservoirs with an aim to minimize dependency on imports will fuel the GCC natural gas Market. Low electricity generation cost, environmental proximity and cost effectiveness will make the product adoption preferable over other alternatives. According to BP energy outlook, natural gas is predicted to witness growth over 60% where total energy utilization is projected to gain over 50% escalation by 2040.
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%.
GCC Natural Gas Market is predicted to reach over USD 50 Billion by 2024. Stringent government mandates to reduce emissions along with rising concerns pertaining to fossil fuel sustainability will positively influence the GCC natural gas market. In 2016, Saudi Arabia projected the Nationally Determined Contribution (NDC) target that aims to curb 130 metric tons of CO2 per year by 2030.
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.
UAE natural gas market is predicted to witness robust growth on account of positive outlook toward diversification of energy. The Government of UAE has set a target to consolidate 24% of its contribution from renewable resource under its National Agenda 2021.
Focus toward abundant availability of unconventional gas coupled with development of tight & shale gas reserves will foster the Bahrain natural gas market growth. In 2018, companies across Bahrain recovered 80 bbl. of tight oil which in turn will positively influence the industry dynamics.
Ongoing investments for the development of unconventional NG reserves along with escalating demand of energy will complement the Saudi Arabia natural gas Market. Saudi Aramco announced investment of USD 7 billion toward development of shale gas reserves.
Eminent participants across the GCC natural gas market includes 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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Report Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market definition and forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1.1 Paid Sources
1.4.2.1.2 Public Sources
Chapter 2 Executive Summary
2.1 GCC Natural Gas Market industry 360 degree synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 End Use trends
2.1.5 Country trends
Chapter 3 GCC Natural Gas Market Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013-2024 (USD Million)
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Innovation and Sustainability
3.4.1 ExxonMobil
3.4.2 Royal Dutch Shell
3.4.3 Eni
3.4.4 Other innovations
3.5 Regulatory landscape
3.5.1 Saudi Arabia
3.5.1.1 Tax Law
3.5.1.2 Saudi Vision 2030
3.5.2 UAE
3.5.3 Bahrain
3.5.4 Kuwait
3.5.5 Oman
3.5.6 Qatar
3.6 Price trend analysis
3.7 Primary energy consumption trend, 2011 - 2016
3.8 LNG import/export
3.9 Customer requirement
3.10 Customer group requirements
3.11 Entry barrier
3.12 Natural gas movements
3.12.1 Pipeline
3.12.2 LNG
3.13 Natural gas potential, by country
3.14 GCC shale gas industry outlook
3.15 Industry impact forces
3.15.1 Growth drivers
3.15.1.1 Increasing exploration and production of unconventional resources
3.15.1.2 Increasing focus toward sustainable energy source
3.15.1.3 Increasing government focus toward clean fuel
3.15.2 Industry pitfalls & challenges
3.15.2.1 Lack of gas infrastructure and geopolitical uncertainty
3.16 Growth potential analysis
3.17 Porter's analysis
3.18 Competitive landscape, 2017
3.18.1 Company Market Share
3.18.2 Strategy dashboard
3.18.2.1 Saudi Aramco
3.18.2.1.1 Strategic projects
3.18.2.1.2 Mergers & Acquisitions
3.18.2.2 Qatar Petroleum
3.18.2.2.1 New Corporate Strategy
3.18.2.2.2 Strategic Agreements
3.18.2.2.3 Acquisition
3.18.2.3 Abu Dhabi National Oil Company (ADNOC)
3.18.2.3.1 ADNOC 2030 Strategy
3.18.2.3.2 In-Country Value (ICV) strategy
3.18.2.3.3 Acquisition
3.18.2.4 Eni
3.18.2.4.1 2017-2020 Strategic Plan targets
3.18.2.4.2 Upstream
3.18.2.4.3 Mid-downstream
3.18.2.5 Financial Strategy
3.18.2.5.1 Efficiency
3.18.2.5.2 Decarbonization and HSE strategy
3.18.2.5.3 Overseas Expansions
3.19 PESTLE analysis
Chapter 4 GCC Natural Gas Market, By Product
4.1 GCC natural gas market share by product, 2017 & 2024
4.2 Unconventional
4.2.1 GCC market from unconventional, 2013 - 2024
4.2.2 GCC market from unconventional, by country, 2013 - 2024
4.2.2.1 GCC market from gas, 2013 - 2024
4.2.2.2 Shale
4.2.2.2.1 GCC market from shale, 2013 - 2024
4.2.2.2.2 GCC market from shale, by country, 2013 - 2024
4.2.2.3 Tight
4.2.2.3.1 GCC market from tight, 2013 - 2024
4.2.2.3.2 GCC market from tight, by country, 2013 - 2024
4.2.2.4 Others
4.2.2.4.1 GCC market from others, 2013 - 2024
4.2.2.4.2 GCC market from others, by country, 2013 - 2024
4.2.3 Transfer Mode
4.2.3.1 GCC market from transfer Mode, 2013 - 2024
4.2.3.2 LNG
4.2.3.2.1 GCC market from LNG, 2013 - 2024
4.2.3.2.2 GCC market from LNG, by country, 2013 - 2024
4.2.3.3 LPG
4.2.3.3.1 GCC market from LPG, 2013 - 2024
4.2.3.3.2 GCC market from LPG, by country, 2013 - 2024
4.2.3.4 CNG
4.2.3.4.1 GCC market from CNG, 2013 - 2024
4.2.3.4.2 GCC market from CNG, by country, 2013 - 2024
4.2.3.5 Others
4.2.3.5.1 GCC market from others, 2013 - 2024
4.2.3.5.2 GCC market from others, by country, 2013 - 2024
4.3 Conventional
4.3.1 GCC market from conventional, 2013 - 2024
4.3.2 GCC market from conventional, by country, 2013 - 2024
4.3.3 LNG
4.3.3.1 GCC market from LNG, 2013 - 2024
4.3.3.2 GCC market from LNG, by country, 2013 - 2024
4.3.4 LPG
4.3.4.1 GCC market from LPG, 2013 - 2024
4.3.4.2 GCC market from LPG, by country, 2013 - 2024
4.3.5 CNG
4.3.5.1 GCC market from CNG, 2013 - 2024
4.3.5.2 GCC market from CNG, by country, 2013 - 2024
4.3.6 Others
4.3.6.1 GCC market from Others, 2013 - 2024
4.3.6.2 GCC market from others, by country, 2013 - 2024
Chapter 5 GCC Natural Gas Market, By Application
5.1 GCC natural others market share by application, 2017 & 2024
5.2 Residential
5.2.1 GCC market from residential, 2013 - 2024
5.2.2 GCC market from residential, by country, 2013 - 2024
5.3 Commercial
5.3.1 GCC market from commercial, 2013 - 2024
5.3.2 GCC market from commercial, by country, 2013 - 2024
5.3.2.1 Hotels
5.3.2.1.1 GCC market from hotels, 2013 - 2024
5.3.2.1.2 GCC market from hotels, by country, 2013 - 2024
5.3.3 Hospitals
5.3.3.1 GCC market from hospitals, 2013 - 2024
5.3.4 GCC market from hospitals, by country, 2013 - 2024
5.3.5 Educational Institutes
5.3.5.1 GCC market from educational institutes, 2013 - 2024
5.3.6 GCC market from educational institutes, by country, 2013 - 2024
5.3.7 Government Buildings
5.3.7.1 GCC market from government buildings, 2013 - 2024
5.3.8 GCC market from government buildings, by country, 2013 - 2024
5.3.9 Others
5.3.9.1 GCC market from others, 2013 - 2024
5.3.10 GCC market from others, by country, 2013 - 2024
5.4 Industrial
5.4.1 GCC market from industrial, 2013 - 2024
5.4.2 GCC market from industrial, by country, 2013 - 2024
5.4.3 Cement
5.4.3.1 GCC market from cement, 2013 - 2024
5.4.4 GCC market from cement, by country, 2013 - 2024
5.4.5 Food & Beverages
5.4.5.1 GCC market from food & beverages, 2013 - 2024
5.4.6 GCC market from food & beverages, by country, 2013 - 2024
5.4.7 Metal
5.4.7.1 GCC market from metal, 2013 - 2024
5.4.8 GCC market from metals, by country, 2013 - 2024
5.4.9 Power Plants
5.4.9.1 GCC market from power plants, 2013 - 2024
5.4.10 GCC market from power plants, by country, 2013 - 2024
5.4.11 Others
5.4.11.1 GCC market from others, 2013 - 2024
5.4.12 GCC market from others, by country, 2013 - 2024
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