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Natural Gas Industry to 2017 Depleting Conventional Crude Oil Reserves and Emerging Technologies i Natural Gas Industry to 2017 Depleting

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The study, which is an offering from the company’s Energy Research Group, provides an in-depth analysis of the global natural gas industry and highlights various concerns, key trends and challenges, along with major companies involved in the industry. The report provides forecasts for the global natural gas industry to 2017. It also provides industry forecasts worldwide by individual sub-segment type and provides an in-depth analysis for every sub-segment. The report is built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GBI Research’s team of industry experts.

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									Natural Gas Industry to 2017
Depleting Conventional Crude Oil Reserves and Emerging Technologies in Gas
Consumption Infrastructure Driving Growth
GBI Research Report Guidance




                                              GBI Research Report Guidance
                                              ·     The report starts with an executive summary.
                                              ·     Chapter two provides an introduction.
                                              ·     Chapter three provides an overview of the natural gas industry with brief explanations of the industry
                                                    structure and an overview of the global natural gas industry, with brief explanations of the key
                                                    segments in the natural gas industry.
                                              ·     Chapter four analyses the global natural gas industry, discussing the key trends.
                                              ·     Chapter five discusses the global natural gas consumption and geographic analysis.
                                              ·     Chapter six analyses the global natural gas exploration and production industry, with production
                                                    forecasts to 2017, geographic analysis and competitive analysis.
                                              ·     Chapter seven analyses the global natural gas pipeline industry providing a geographic and competitive
                                                    analysis.
                                              ·     Chapter eight analyses the global Liquid and Natural Gas (LNG) industry with geographic and
                                                    competitive analysis by liquefaction and regasification capacity.
                                              ·     Chapter nine discusses the economics of LNG and pipeline gas with cost analysis and LNG pricing
                                                    mechanisms.
                                              ·     Chapter ten analyses the global natural gas storage industry with geographic and competitive analysis
                                                    by storage capacity.
                                              ·     Chapter eleven discusses the unconventional natural gas industry, providing a broad industry outlook
                                                    and the emerging trends.
                                              ·     Chapter twelve discusses the research methodology of GBI Research providing the glossary and contact
                                                    information.




  © GBI Research. This is a licensed product and is not to be photocopied                                                   GBIGE00056MR / Published MAY 2012
                                                                                                                                                       Page 2
Executive Summary




                                              Executive Summary
                                              Historically, natural gas was not considered a valuable fuel resource and was flared at oil fields. Today,
      There is an ongoing shift in            however, the industry has realized the importance of natural gas as a clean-burning fuel, and it is now a
      consumption from crude oil              commercially viable fuel.
      to natural gas due to
      depleting crude oil reserves            In the past, the structure of the natural gas industry was simple, with limited flexibility and few options for
                                              natural gas delivery. Exploration and production companies explored and drilled for natural gas, selling their
                                              product at the wellhead to large transportation pipelines. These pipelines transported the natural gas,
                                              selling it to local distribution utilities, which in turn distributed and sold the gas to their customers. The
                                              prices for which producers could sell natural gas to transportation pipelines was federally regulated, as was
                                              the price at which pipelines could sell to local distribution companies. State regulation monitored the price
                                              at which local distribution companies sold natural gas to their customers. The US government was the first
                                              to regulate the natural gas industry, before World War II, and wellhead prices were standardized. The
                                              monopolies held by large transportation pipeline and distribution companies led to a lack of competition in
                                              the marketplace, which in turn reduced innovation and incentives to improve services.
                                              The current industry scenario, however, is in stark contrast with the past. The natural gas industry today is
                                              much more open to competition and choice. The regulation of wellhead prices no longer exists, making the
                                              price of natural gas dependent solely on supply and demand interactions. Interstate pipelines no longer
                                              take ownership of the natural gas commodity, and instead offer only transportation, which is still under
                                              federal regulation. Local Distribution Companies (LDC) now offer bundled products to their customers.
                                              Consumption Shift from Crude Oil to Natural Gas and Depleting Conventional Crude Oil
                                              Reserves is Expected to Create a Steady Increase in Demand

                                                Natural Gas Consumption, Global, bcfe, 2001-2017

                                                                              140,000



                                                                              120,000



                                                                              100,000
                                                          Consumption, bcfe




                                                                               80,000



                                                                               60,000



                                                                               40,000



                                                                               20,000



                                                                                   0
                                                                                        2001             2009                       2017
                                                                                                         Year


                                                Source: GBI Research/Oil and Gas/Downstream Database




  © GBI Research. This is a licensed product and is not to be photocopied                                                  GBIGE00056MR / Published MAY 2012
                                                                                                                                                      Page 3
Executive Summary




                                              Depleting crude oil reserves have been the topic of debate for the past decade in the energy industry. With
    Austalia is emerging as an                the Reserves-Production ratios of developed nations such as the United States and Canada reaching
    important hub of LNG                      alarming levels, and the conventional resources of the Middle East depleting rapidly, there is a widespread
    production driven by                      concern over what would replace crude oil as the major fuel.
    growing demand in the Asia
    Pacific                                   Natural gas has not been considered a utility in early days of crude oil production and has been let out
                                              without consumption. But, with the development of engines that could tap into the potential of natural gas,
                                              it has transformed into a valuable commodity and is considered a very important fuel for the future. This
                                              has become possible with widespread discoveries in the natural gas industry leading to an abundance of
                                              natural gas reserves which are growing with time.
                                              With a shift in the energy consumption profile of the world with the emergence of machines, engines and
                                              projects that could use natural gas as a fuel, natural gas demand is now higher than historically. Concrete
                                              examples of such breakthroughs include Liquid and Natural Gas infrastructure, the process of liquefaction
                                              and regasification of natural gas, and other such technologies. There has been a significant pull for natural
                                              gas as a fuel because of the shifting of the locomotion industry to gas based engines that run on
                                              compressed natural gas.
                                              Though there are multiple reasons for the momentum of technological breakthroughs and efforts in this
                                              direction, the most significant ones are the abundance of reserves, including associated gas, fresh
                                              discoveries of conventional and unconventional reserves, energy efficiency, low prices and a clean exhaust
                                              profile.
                                              Natural gas is a significantly cleaner fuel than crude oil and the drive among the governments of developed
                                              economies to regulate emissions has increased worldwide demand for this fuel.
                                              However, though the global energy scenario is ready to give natural gas a greater share in the power mix,
                                              this shift is only happening gradually and at a very moderate pace, as the world’s economies and systems
                                              have long been accustomed to utilizing crude oil as fuel.
                                              Increasing Demand from Asia-Pacific and Natural Gas Production in Australia Boosting the
                                              LNG Industry
                                              There has been a marked shift in the global LNG scenario with the discovery of natural gas in offshore
                                              Western Australia. The proximity of the resources to the emerging economies of Asia-Pacific has created
                                              excellent business opportunities and a mutually beneficial situation for the operators, distributors and
                                              consumers.
                                              The huge consumer base, the rapidly increasing energy appetite of the developing countries of Asia-Pacific,
                                              the huge levels of consumption and the proximity of these resources to the markets have opened up LNG as
                                              the most optimal form of monetizing natural gas reserves. Though the demand is expected to be strong
                                              from all economies, there are significant variations in the consumption profile and the bulk of demand.
                                              While Japan and South Korea would be the primary markets for the LNG, demand would also ensue from
                                              China, India and Taiwan. Singapore and Vietnam also do take up a share of the LNG due to their entry
                                              propelled by the reasonable costs due to their proximity to Australia. On the other hand, Australia is
                                              expected to rise to the position of the biggest LNG producer by 2017, pushing Qatar to the second position,
                                              considering the development plans of the latest natural gas finds. Major energy companies such as Royal
                                              Dutch Shell are attempting to develop a strong position in the LNG industry and are thus focused on LNG
                                              projects in Australia, planning liquefaction terminals on the shore of Western Australia to feed the domestic
                                              markets and major nations of Asia-Pacific.




  © GBI Research. This is a licensed product and is not to be photocopied                                                 GBIGE00056MR / Published MAY 2012
                                                                                                                                                     Page 4
Executive Summary




                                              Unconventional Natural Gas Production Expected to Rise Steadily Due to Technological
       Unconventional natural gas             Advances and Fresh Discoveries
       is expected to take up a
                                              Conventional natural gas contributes to the majority of natural gas production globally today, and thus has
       greater share of total gas
                                              a streamlined and efficient value chain which is reasonably cost-effective, whereas unconventional gas has
       consumption in the future
                                              only begun emerging in recent years in the global search for fresh fuel. This exploration has resulted in
                                              unconventional gas finds, which have introduced the commodity to the industry.
                                              Unconventional gas is being promoted as the next major opportunity for the energy industry in the face of a
                                              broad energy crisis. Since natural gas has long been posited as the next major fuel, various projects have
                                              been started that will exploit the potential of the world’s natural gas deposits. This has led to rigorous
                                              exploration activity resulting in the finding of several classes of natural gas, the most important ones being
                                              shale gas, deep gas, tight gas, coal bed methane and methane hydrates.

                                                North America Natural Gas Industry, Growth In Natural Gas Production, bcf/d*, 2008-2020

                                                                          90


                                                                          80


                                                                          70


                                                                          60
                                                      Production, bcf/d




                                                                          50


                                                                          40


                                                                          30


                                                                          20


                                                                          10


                                                                           0
                                                                                 2008                        2014                        2020
                                                                                                             Year
                                                                                              Conventional          Unconventional

                                                Source: GBI Research/Oil and Gas/Upstream Database
                                                bcf/d : billion cubic feet per day




                                              Unconventional gas is expected to seep steadily into the market and equal conventional natural gas in
                                              terms of consumption by the end of the current decade.
                                              With an Average Annual Growth Rate (AAGR of 1.2%, unconventional natural gas is expected to account for
                                              52% of total production in 2020. In the US, unconventional natural gas already accounts for approximately
                                              50% of production. The share of unconventional natural gas in production is higher than the current global
                                              share in terms of consumption due to the recent discoveries of shale gas in North America and Canada’s oil
                                              sands.
                                              Shale gas plays are expected to be the prime drivers of growth in North America’s natural gas production.
                                              The six major shale gas plays in North America, namely Antrim, Barnett, Woodford, Haynesville, Fayetteville,
                                              Marcellus and Horn River, are together expected to produce approximately 19.6 billion cubic feet per day
                                              (bcf/d) in 2020, with over 50% of this production coming from the Haynesville and Barnett shale plays.




  © GBI Research. This is a licensed product and is not to be photocopied                                                       GBIGE00056MR / Published MAY 2012
                                                                                                                                                           Page 5
Executive Summary




                                              Infrastructural Limitations in Logistics and Transportation Leading to Variations in Natural
                                              Gas Prices across Geographies
                                              Commodity prices are always a function of demand and supply, and thus are volatile and vary with a
       Varying logistics costs and            variation in any one of the above factors. In a world where the regions with the greatest demand do not
       the distance between                   have access to the most abundant resources, transporting commodities is the only option to ensure that the
       production sites and markets           resource reaches the markets. Crude oil, being the most relied upon fuel, has a huge and effective
       leading to a wide price range          transportation infrastructure which has been extensively developed and has been getting more and more
                                              compact with time, due to resource depletion and emerging market demand.
                                              But this has not been the case with natural gas, which relies extensively upon liquefaction and regasification
                                              to ensure the transportation process in cases where there is an absence of a pipeline infrastructure.
                                              Pipelines usually have their own limitations, such as terrain issues, and the feasibility of laying one is usually
                                              inversely proportional to its length. Offshore logistics via the LNG method therefore provide a simpler and
                                              more efficient process, and offer advantages such as commodities being able to be transported across
                                              shores to be sold in a cross-continental sense.
                                              LNG tanker construction is a cost-intensive operation and thus facilitates the transport of only a limited
                                              amount of LNG. The LNG that is transported is priced at a relatively higher level, due to expensive logistics.
                                              This effect is clearly evident when the price ranges of LNG and crude oil are compared. While
                                              crude oil is currently trading globally in a price range of $110-150 per barrel, which translates to a
                                              deviation of 16% to either side of the mean, LNG trades globally in a price range of $2.5-5 per
                                              million British thermal units (MMBtu), which is a deviation of about 34% on either side of the mean,
                                              thus making it clear that LNG deviates twice as much from the mean as crude oil, indicating that
                                              LNG is susceptible to a greater range of price fluctuation than natural gas.




  © GBI Research. This is a licensed product and is not to be photocopied                                                    GBIGE00056MR / Published MAY 2012
                                                                                                                                                        Page 6
Table of Contents




                                              1         Table of Contents
                                              1   Table of Contents ........................................................................................................................................ 7
                                                  1.1      List of Tables .................................................................................................................................... 9
                                                  1.2      List of Figures................................................................................................................................. 10
                                              2   Natural Gas Industry to 2017 - Introduction ............................................................................................. 11
                                              3   Overview of the Natural Gas Industry ....................................................................................................... 12
                                                  3.1      Natural Gas Industry Structure ...................................................................................................... 12
                                                  3.2      Exploration .................................................................................................................................... 13
                                                  3.3      Extraction ...................................................................................................................................... 13
                                                  3.4      Production ..................................................................................................................................... 14
                                                  3.5      Transportation ............................................................................................................................... 14
                                                  3.6      Storage .......................................................................................................................................... 14
                                                  3.7      Distribution.................................................................................................................................... 15
                                                  3.8      Marketing ...................................................................................................................................... 15
                                              4   Key Trends ................................................................................................................................................. 16
                                                  4.1      Consumption Shift from Crude Oil to Natural Gas and Depleting Conventional Crude Oil Reserves
                                                           is Expected to Create a Steady Increase in Demand ..................................................................... 16
                                                  4.2      Increasing Demand from the Asia-Pacific and Natural Gas Production in Australia Boosting the
                                                           LNG Industry .................................................................................................................................. 17
                                                  4.3      Unconventional Natural Gas Production Expected to Rise Steadily Due to Technological Advances
                                                           and Fresh Discoveries .................................................................................................................... 18
                                                  4.4      Infrastructural Limitations in Logistics and Transportation Leading to Variations in Natural Gas
                                                           Prices across Geographies ............................................................................................................. 19
                                                  4.5      Changing Supply and Demand Dynamics Create Paradigm Shift in Natural Gas Industry ............. 20
                                                  4.6      High Levels in Gas Storage Facilities Worldwide Expected to Lead to Low Market Prices in the
                                                           Immediate Future .......................................................................................................................... 20
                                              5   Supply and Demand Outlook to 2017 ....................................................................................................... 21
                                                  5.1      Global Natural Gas Consumption, 2001-2017 ............................................................................... 21
                                                  5.2      Global Natural Gas Consumption, Geographic Analysis ................................................................ 23
                                                  5.3      Global Natural Gas Production, 2001-2017 ................................................................................... 25
                                                  5.4      Global Natural Gas Production, Geographic Analysis .................................................................... 27
                                                  5.5      Natural Gas Industry, End uses ...................................................................................................... 29
                                                      5.5.1      Residential Customers ........................................................................................................... 29
                                                      5.5.2      Industrial Customers ............................................................................................................. 29
                                                      5.5.3      Commercial Customers.......................................................................................................... 29
                                                      5.5.4      Transportation Customers ..................................................................................................... 30
                                                      5.5.5      Electricity Generation Customers .......................................................................................... 31
                                                      5.5.6      Distributed Generation .......................................................................................................... 31
                                                      5.5.7      Fuel Cells................................................................................................................................ 32
                                              6   Natural Gas Exploration and Production Industry..................................................................................... 33
                                                  6.1      Global Natural Gas Reserves, 2011 ............................................................................................... 33
                                                  6.2      Global Natural Gas Production To 2017 ........................................................................................ 35
                                                  6.3      Global Natural Gas Production, Geographic Analysis .................................................................... 37
                                                  6.4      Global Natural Gas Industry, Competitive Analysis ....................................................................... 39
                                                      6.4.1      Asia-Pacific ............................................................................................................................ 39
                                                      6.4.2      Europe ................................................................................................................................... 40
                                                      6.4.3      Middle East and Africa .......................................................................................................... 41
                                                      6.4.4      North America ....................................................................................................................... 42
                                                      6.4.5      South and Central America.................................................................................................... 43
                                              7   Natural Gas Pipelines Industry .................................................................................................................. 44
                                                  7.1      Global Natural Gas Pipeline Industry............................................................................................. 44
                                                  7.2      Global Natural Gas Pipeline Industry, Geopolitical Scenario ......................................................... 46


  © GBI Research. This is a licensed product and is not to be photocopied                                                                                      GBIGE00056MR / Published MAY 2012
                                                                                                                                                                                          Page 7
Table of Contents




                                                   7.3      Global Natural Gas Pipeline Industry, Geographic Analysis........................................................... 46
                                                       7.3.1     Asia-Pacific ............................................................................................................................ 46
                                                       7.3.2     Europe ................................................................................................................................... 48
                                                       7.3.3     Middle East and Africa .......................................................................................................... 49
                                                       7.3.4     North America ....................................................................................................................... 50
                                                       7.3.5     South and Central America.................................................................................................... 51
                                                   7.4      Global Natural Gas Pipeline Industry, Competitive Analysis ......................................................... 52
                                                       7.4.1     Asia-Pacific ............................................................................................................................ 52
                                                       7.4.2     Europe ................................................................................................................................... 53
                                                       7.4.3     Middle East and Africa .......................................................................................................... 54
                                                       7.4.4     North America ....................................................................................................................... 55
                                                       7.4.5     South and Central America.................................................................................................... 56
                                              8    LNG Industry ............................................................................................................................................. 57
                                                   8.1      Global LNG Liquefaction and Regasification Capacity to 2017 ...................................................... 57
                                                       8.1.1     Global LNG Liquefaction Capacity to 2017 ............................................................................ 57
                                                       8.1.2     Global LNG Regasification Capacity to 2017 ......................................................................... 59
                                                   8.2      Global LNG Industry, Geographic Analysis .................................................................................... 60
                                                       8.2.1     Liquefaction Capacity ............................................................................................................ 61
                                                       8.2.2     Regasification Capacity ......................................................................................................... 63
                                              9    LNG and Pipeline Economics ..................................................................................................................... 65
                                                   9.1      Comparison of Transportation Cost from LNG versus Pipelines.................................................... 65
                                                       9.1.1     Pipe-laying............................................................................................................................. 67
                                                   9.2      Liquefaction and Regasification Costs ........................................................................................... 67
                                                   9.3      LNG Transportation and Storage Costs ......................................................................................... 68
                                                   9.4      LNG Pricing Mechanism ................................................................................................................. 68
                                              10   Natural Gas Storage Industry .................................................................................................................... 70
                                                   10.1 Global Natural Gas Storage Industry, Top Countries ..................................................................... 70
                                                   10.2 Geographic Analysis of the Global Gas Storage Industry............................................................... 71
                                                       10.2.1 Asia-Pacific ............................................................................................................................ 71
                                                       10.2.2 Europe ................................................................................................................................... 72
                                                       10.2.3 North America ....................................................................................................................... 73
                                                   10.3 Global Natural Gas Storage Industry, Competitive Analysis .......................................................... 74
                                                       10.3.1 North America ....................................................................................................................... 75
                                                       10.3.2 Asia-Pacific ............................................................................................................................ 76
                                                       10.3.3 Europe ................................................................................................................................... 77
                                              11   Unconventional Natural Gas Industry ....................................................................................................... 78
                                                   11.1 Unconventional Natural Gas Industry, Future Outlook ................................................................. 78
                                                   11.2 Shale Gas to Emerge as the Primary Unconventional Gas Source in North America .................... 79
                                              12   Appendix ................................................................................................................................................... 80
                                                   12.1 Abbreviations ................................................................................................................................ 80
                                                   12.2 Market Definition .......................................................................................................................... 80
                                                   12.3 Methodology ................................................................................................................................. 80
                                                       12.3.1 Coverage ............................................................................................................................... 81
                                                       12.3.2 Secondary Research .............................................................................................................. 81
                                                       12.3.3 Primary Research .................................................................................................................. 81
                                                       12.3.4 Expert Panel Validation ......................................................................................................... 81
                                                   12.4 References ..................................................................................................................................... 82
                                                   12.5 Contact Us ..................................................................................................................................... 82
                                                   12.6 Disclaimer ...................................................................................................................................... 82




  © GBI Research. This is a licensed product and is not to be photocopied                                                                                       GBIGE00056MR / Published MAY 2012
                                                                                                                                                                                           Page 8
Table of Contents




                                              1.1      List of Tables
                                              Table 1:     Natural Gas Consumption by Year, Global, bcfe, 2001- 2017....................................................... 22
                                              Table 2:     Natural Gas Consumption by Year, Geographic Breakdown, Global, bcfe, 2001- 2017 ............... 24
                                              Table 3:     Natural Gas Production by Year, Global, bcfe, 2000-2017 ........................................................... 26
                                              Table 4:     Natural Gas Production by Year, Geographical Breakdown, bcfe, 2001-2017 ............................. 28
                                              Table 5:     Proven Natural Gas Reserves, Global, 2011 ................................................................................. 34
                                              Table 6:     Natural Gas Production by Year, Global, bcfe, 2001-2017 ........................................................... 36
                                              Table 7:     Natural Gas Production by Year, Geographical Breakdown, bcfe, 2001-2017 ............................. 38
                                              Table 8:     Top 10 E&P Companies by Production, Asia-Pacific, bcf, 2011 .................................................... 39
                                              Table 9:     Top 10 E&P Companies by Production, Europe, bcf, 2011 ........................................................... 40
                                              Table 10:    Top 10 E&P Companies by Production, Middle East and Africa, bcf, 2011 .................................. 41
                                              Table 11:    Top 10 E&P Companies by Production, North America, bcf, 2011 ............................................... 42
                                              Table 12:    Top 10 E&P Companies by Production, South and Central America, bcf, 2011............................ 43
                                              Table 13:    Pipeline Length By Region, Thousand km, 2011 ........................................................................... 44
                                              Table 14:    Pipeline Length by Country, Top 10 Countries, Global, Thousand km, 2011 ................................ 45
                                              Table 15:    Pipeline Length by Country, Top 10 Countries, Global, Thousand km, 2011 ................................ 47
                                              Table 16:    Pipeline Length by Country, Top 10 Countries, Global, Thousand km, 2011 ................................ 48
                                              Table 17:    Pipeline Length by Country, Top 10 Countries, Middle East and Africa, Thousand km, 2011 ...... 49
                                              Table 18:    Pipeline Length by Country, Top 10 Countries, North America, Thousand km, 2011................... 50
                                              Table 19:    Pipeline Length by Country, Top 10 Countries, North America, Thousand km, 2011................... 51
                                              Table 20:    Pipeline Length by Company, Top 10 Companies, Asia-Pacific, Thousand km, 2011 ................... 52
                                              Table 21:    Pipeline Length by Company, Top 10 Companies, Europe, Thousand km, 2011 .......................... 53
                                              Table 22:    Pipeline Length by Company, Top 10 Companies, Middle East and Africa, Thousand km, 2011 . 54
                                              Table 23:    Pipeline Length by Company, Top 10 Companies, North America, thousand km, 2011 .............. 55
                                              Table 24:    Pipeline Length by Company, Top 10 Companies, North America, thousand km, 2011 .............. 56
                                              Table 25:    LNG Liquefaction Capacity by Year, Global, Million Tons, 2001- 2017 ......................................... 58
                                              Table 26:    LNG Regasification Capacity by Year, Global, Million Tons, 2001- 2017....................................... 59
                                              Table 27:    LNG Liquefaction Capacity by Year, Geographical Breakdown, Global, Million Tons, 2001- 201762
                                              Table 28:    LNG Regasification Capacity by Year, Geographical Breakdown, Global, Million Tons, 2001- 2017
                                                           ...................................................................................................................................................... 64
                                              Table 29:    Gas Storage Capacity by Country, Top Five Countries, Global, bcf, 2011 ..................................... 70
                                              Table 30:    Gas Storage Capacity by Country, Top Five Countries, Asia-Pacific, bcf, 2011 ............................. 71
                                              Table 31:    Working Gas Capacity by Country, Top Five Countries, Europe, bcf, 2011 .................................. 72
                                              Table 32:    Working Gas Capacity by Country, Top Five Countries, North America, bcf, 2011 ...................... 73
                                              Table 33:    Gas Storage Capacity by Company, Top Five Gas Storage Companies, Global, MMcf, 2011........ 74
                                              Table 34:    Gas Storage Capacity by Company, Top Five Companies, North America, bcf, 2011 ................... 75
                                              Table 35:    Gas Storage Capacity by Company, Top Five Companies, Asia-Pacific, bcf, 2011 ........................ 76
                                              Table 36:    Gas Storage Capacity by Company, Top Five Companies, Europe, bcf, 2011 ............................... 77
                                              Table 37:    Abbreviations ............................................................................................................................... 80




  © GBI Research. This is a licensed product and is not to be photocopied                                                                                       GBIGE00056MR / Published MAY 2012
                                                                                                                                                                                           Page 9
Table of Contents




                                              1.2      List of Figures
                                              Figure 1:    Natural Gas Consumption, Global, bcfe, 2001-2017 .................................................................... 16
                                              Figure 2:    North America Natural Gas Industry, Growth In Natural Gas Production, bcf/d, 2008-2020 ...... 18
                                              Figure 3:    Forecasted Natural Gas Production From Major Shale Plays, North America, bcf/d, 2008-2020 19
                                              Figure 4:    Natural Gas Consumption by Year, Global, bcfe, 2001- 2017....................................................... 21
                                              Figure 5:    Natural Gas Consumption by Year, Geographic Breakdown, Global, bcfe, 2001- 2017 ............... 23
                                              Figure 6:    Natural Gas Production by Year, Global, bcfe, 2000-2017 ........................................................... 25
                                              Figure 7:    Natural Gas Production by Year, Geographical Breakdown, bcfe, 2001-2017 ............................. 27
                                              Figure 8:    Proven Natural Gas Reserves, Percentage Share by Geographic Regions, Global, 2011 .............. 33
                                              Figure 9:    Natural Gas Production by Year, Global, bcfe, 2001-2017 ........................................................... 35
                                              Figure 10:   Natural Gas Production by Year, Geographical Breakdown, bcfe, 2001-2017 ............................. 37
                                              Figure 11:   Top 10 E&P Companies by Production,
								
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