San Francisco, California, July 25, 2017: TMR Research announces a new report on the global sour gas market. The report profiles the historical trajectory of the global sour gas market in detail in order to derive useful patterns regarding the behavior of the sour gas market. The present figures of the sour gas market are examined in detail in the report, based on which analysts have provided solid projections regarding the direction the sour gas market is likely to take in the coming years. The segmentation of the global sour gas market is also studied in detail in the report, providing readers with an accurate idea of the dynamics of the market. The report is titled ‘Sour Gas Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2017 – 2025.’
Sour gas is natural gas containing significant quantities of hydrogen sulfide. Numerous natural gas reserves contain sour gas, as hydrogen sulfide is readily formed in conditions where natural gas is found. There are differing definitions regarding the amount of hydrogen sulfide that defines a reservoir of natural gas as sour gas, but the presence of hydrogen sulfide remains the distinguishing factor for identifying a sour gas reservoir. Hydrogen sulfide has to be removed from sour gas before it can be used in conventional applications, making its usage more complicated than regular natural gas. However, the global sour gas market has been an important part of the global oil and gas sector due to its widespread presence and is likely to remain a commercially relevant part of the industry in the coming years as well.
The rising demand for natural gas in industrial institutions is the key driver for the global sour gas market. While alternative energy sources have gained strength in the last few years, natural gas resources such as sour gas have remained integral to the global power sector.
The high costs of removing hydrogen sulfide from natural gas are a key restraint on the global sour gas market. Due to the corrosive and toxic nature of hydrogen sulfide, great care has to be taken in its removal to ensure the wellbeing of human workers and to avoid damage to the mechanical equipment. Nevertheless, the growing demand for fossil fuels from a variety of end use sectors is likely to compensate for the skewed pricing dynamics of the sour gas market and enable steady growth of the latter.
The Middle East and South America are some of the leading sour gas producing regions in the world. Countries such as Venezuela and Colombia are likely to lead the South America market for sour gas in the coming years, while the Middle East sour gas market is dominated by Saudi Arabia, Iran, Syria, and Iraq.
Key players in the global sour gas market include Spectra Energy Corp., Keyera, the Dow Chemical Company, Shell, Newpoint Gas LP, DCP Midstream LLC, and Pall Corporation.