Liquefied Natural Gas (LNG) market research report employs a number of steps for collecting, recording, analysing and interpreting market data to make this report all-inclusive. The data and information concerning the Energy industry are derived from consistent sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the market experts. This market report makes available statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this market. Liquefied Natural Gas (LNG) market research report also endows with the list of the leading competitors and their moves such as joint ventures, acquisitions, and mergers etc.
The Global Liquefied Natural Gas (LNG) market size was estimated at USD 98.6 billion in 2023 and is projected to reach USD 161.98 billion in 2030 at a CAGR of 7.35% during the forecast period 2023-2030.
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LNG (Liquefied Natural Gas) is a type of natural gas that is cooled to a liquid for non-pressurized storage or transportation. The gas shrank 600 times after cooling, which makes it easy to store and transport. One of the advantages of gas liquefaction is that LNG does not ignite when burned in liquid form. Once the LNG has reached its destination, it is converted back into gas at regasification plants and re-supplied for residential, commercial and industrial use or for power generation. LNG is a transparent, harmless, odorless and non-corrosive gas that is competitive and provides a clean transportation fuel.
The growth of the global Liquefied Natural Gas (LNG) market is mainly driven by the growing demand for natural gas as a cleaner and more efficient source of energy, proliferation of LNG as a transportation fuel, and government policies to reduce dependence on fossil fuels and encourage the use of natural gas, harsh winters and summers, increased demand for goods and services due to economic growth and rising oil prices are some of the main factors influencing the global LNG market. In addition, the increase in the availability of LNG from new projects and the expansion of LNG export facilities also contributed to the growth of the LNG market.
Liquefied Natural Gas (LNG) Market Segmentations:
By LNG Infrastructure
- LNG Liquefaction Plants
- LNG Regasification Facilities
- LNG Shipping
By Application
- Transportation Fuel
- Power Generation
- Others
By End-User
- Residential
- Commercial
- Industrial
By Type
- Liquefaction
- Regasification
Competitive Landscape of Liquefied Natural Gas (LNG) Market
Saudi Aramco, Sinopec, ADNOC, CNPC, Exxon Mobil, Reliance Industries, KNPC, Phillips66, Bharat Petroleum Corporation Ltd., Pemex, Total Corp., Qatar Petroleum, Equinor, BP Corp., Gazprom Corp., Chevron, ConocoPhillips Company, SHV Energy (NL), Valero Energy, UGI Corporation, Royal Dutch Shell PLC
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The market is also divided into various regions such as
- North America,
- Europe,
- Asia-Pacific,
- South America, and Middle East and Africa.
Recent Developments:
- March 2023: Sempra reported that Sempra Infrastructure Partners LP (Sempra Infrastructure), its 70%-owned subsidiary, reached a positive final investment decision (FID) for the development, construction, and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas.
- Apr 2022: Petronet LNG announced the development of a floating LNG terminal in Odisha by 2025 at a cost of USD 195 million. Furthermore, Petronet is likely to invest USD 73 million in raising the capacity of the Dahej LNG import terminal to 22.5 million metric tons per year from the current 17.5 million metric tons.
Reasons to Acquire
- Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
- Gain authentic and granular data access for the Liquefied Natural Gas (LNG) Market to understand the trends and the factors involved in changing market situations.
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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Competitive Analysis:
- Global Players Revenue Ranking
- Revenue by Company
- Global Players Sales Volume Ranking
- Sales Volume by Company Players
- Average Price by Company
- Manufacturing Base Distribution and Headquarters
- Product Offered
- Mergers Acquisitions, Expansion
Major highlights from Table of Contents:
- It includes major manufacturers, emerging player's growth story, and major business segments of keyword Market Opportunities Growth Trend to 2030 market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Opportunities Growth Trend to 2030 Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Production by Regional Market Profiles of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Market Report Answers the Following Questions:
- At what growth rate will the market be projected to grow during the forecast period to 2030?
- What will be the market value in the future?
- What are the key opportunities of the market?
- Who are the major players operating in the market?
- How feasible is Market for long-term investment?
- What are the market's opportunities, risks, and general structure?
- What does a business area's assessment of agreements, income, and value implicate?
In addition to the market data for the Liquefied Natural Gas (LNG) Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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