Liquid Natural Gas (LNG) is a natural gas that is liquefied to below -163C. Essential requirements for setting up LNG chain include investment in exploration and production, liquefaction, shipping, and storage and gasification.
Planned LNG describes the expansion of storage and re-determination terminal capabilities. These terminals also help in lower transportation costs. LNG is a clean fuel that is used mainly for long vehicles. LNG helps reduce emissions, which many fuel service providers request to adopt LNG as alternative fuel.
This report projects the trends and opportunities of the globally planned LNG market. This research study contains a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the current overview and predict market behavior during the forecast period. The market is showing considerable demand as a result of the development of unconventional gas resources as well as the promotion of offshore fluidity technology and foreign gas exploration are among the factors that increase market growth.
In addition, the development of planned liquid plants and the increase in demand for LNG significantly increase market growth. In addition, rise in shale gas formations in the developed economies has reduced the reliability of natural gas imports, thereby creating surplus for LNG exports and, in turn, facilitating market growth. Increase in installation costs of LNG terminals and storage of LNG is expected to limit market growth to some extent.
Furthermore, with the development of floating terminal and floating production storage offloading (FPSO), which is more easily transferred to foreign fields at times of bad weather, it offers profitable opportunities for the players. Therefore, the development of floating terminals is expected to strengthen market growth.
The worldwide LNG market is segmented by technology, end-user and geography. Based on technology, it is filmed for liquefaction and gasification. Based on end-users, the market can be divided into residential, commercial and industrial. Geographically, it is analyzed in North America, Europe, Asia Pacific and Lama.
Key market players in this sector include Shell Plc, LNG Croatia LLC, Chevron Corporation, Petrobras, Southern Union Company, Corpus Christi Liquefaction, LLC, Freeport LNG Development, L.P., Sempra Energy, ConocoPhillips Co., Queensland Gas Co. Ltd, and Skangass AS.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2017-2023, which assists to identify the prevailing market opportunities.
- Major countries in each region are mapped as per individual market revenue.
- Region-wise and country-wise market conditions are comprehensively analyzed in the report.
- Key players of the planned LNG market are also listed.
- This study evaluates the value chain to understand the competitive environment across geographies.
- An in-depth analysis of segmentation is provided to elucidate the prevailing market opportunities.
About Allied Market Research
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060