SOURCE: Industrial Info Resources

Industrial Info Resources

January 26, 2012 06:30 ET

Marcellus Shale Could Shift Entire North American Natural Gas Market, a "Navigating the Currents of Change" Webcast on Industrialinfo.com

SUGAR LAND, TX--(Marketwire - Jan 26, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- In BP's recently released "Energy Outlook 2030," analysts estimate that in 2030, approximately 81% of the world's energy will come from fossil fuel sources. While renewable energy remains the fastest-growing sector, BP estimates that renewable sources of energy will meet only about 6% of the world's energy needs by 2030. Among the fossil fuels that will be the main source of global energy consumption, natural gas is the fastest growing segment. One of the biggest contributors to the rise of natural gas -- and certainly one of the biggest game-changers to hit the energy market in the past several years -- is the ability to extract natural gas from shale plays.

One of the most important of these shale plays is the Marcellus, which lies under portions of Ohio, Pennsylvania, New York, West Virginia and Maryland. Experts have estimated that the Marcellus Shale could hold up to 1,600 trillion cubic feet of recoverable natural gas. In this week's "Navigating the Currents of Change" webcast, Jesus Davis, Industrial Info's vice president of research for the Oil & Gas Production, Transmission and Terminals industries, discusses why the Marcellus is such an important asset to the U.S. and global energy markets.

Industrial Info is tracking more than 100 major projects across various industries that are being driven by the development of the Marcellus Shale. The projects have a combined value of almost $9 billion, providing a huge benefit to the Marcellus area and the entire country.

Click here to hear this edition of "Navigating the Currents of Change."

On February 15, Mr. Davis and other Industrial Info executives will be presenting at Industrial Info's Exclusive 2012 Industrial Market Outlook at the Hilton Americas in Houston. In addition to Oil & Gas Production, Storage, and Transmission, other industries highlighted at the outlook event include Petroleum Refining, Power Generation, Metals & Minerals and Chemical Processing. Attendance is free, but space is limited. Click here for more information or to RSVP for this event!

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147