GCC Natural Gas Market Growth, Opportunities & Forecast to 2024 | Top Manufacturers British Petroleum, Exxon Mobil, Total, ConocoPhillips, Qatar Petroleum, GAZPROM, Bahrain Petroleum Company, Eni, Lukoil, Chevron, Royal Dutch Shell, General Electric

Market Study Report LLC adds 2018-2024 GCC Natural Gas Market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.

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.

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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.

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.

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%.

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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.

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.

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.

Table of 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

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Related Report:

Global Liquefied Natural Gas Market Growth 2018-2023

Liquefied natural gas (LNG) is natural gas that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. The rapid development of pipeline infrastructures, increasing demand for natural gas from downstream sectors, reduced prices, and favorable government regulations are some major factors driving the industry growth.

https://www.marketstudyreport.com/reports/global-liquefied-natural-gas-market-growth-2018-2023?utm_source=RR-SP

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