Methane Hydrates Market To Witness Steady Growth During The Forecast Period 2018-2026

Global Methane Hydrates Market: Overview

Methane hydrate (CH4·5.75H2O) or (4CH4·23H2O) is also known as hydro methane, methane ice, fire ice, natural gas hydrate, and gas hydrate. Methane hydrate is a solid clathrate compound which has a large amount of methane trapped inside a crystal structure of water, forming a solid that is similar to ice. Methane hydrate is used as fuel in various applications such as the transportation, heavy industries, and commercial.

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Global Methane Hydrates Market: Key Segments

Based on the origin the methane hydrates market can be segmented into seabed, permafrost, and others. Most methane hydrate deposits are present in seabed sediments. Which requires drilling rigs to reach down through more than 1,600 feet of water and then, another several thousand feet since hydrates are generally located far underground before they can be extracted. Hydrates are concentrated along the lower margins of continental slopes, where the seafloor falls away toward the abyss. The inclining and uneven seafloor makes it difficult to run the pipeline. Methane hydrate has a very large concentration of methane. Melting one cubic meter of hydrate gives yield to about 160 cubic meters of gaseous methane. Seafloor methane hydrate mounds and shallow sub-seafloor methane hydrates constitute a small component of the global gas hydrate inventory.

Based on application, the methane hydrates market can be divided into commercial, transportation, and heavy industries. The methane hydrates are used as fuels for cars and diesel power plants. It can be used for heating homes. The gas can be transported through pipelines and sent to different countries. The gas can be used both in its natural state or must be extracted from ice or sediments

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Global Methane Hydrates Market: Key Players

Key players operating in the global methane hydrates market include Japan Oil, Gas and Metals National Corporation, PetroChina Company Limited, Statoil ASA, ConocoPhillips Corporation, BP P.L.C., Chevron Corporation, and Anadarko Petroleum Corporation.

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