Research Nester has released a report titled “Liquefied Natural Gas (LNG) Infrastructure Market – Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global liquefied natural gas (LNG) infrastructure market in terms od market segmentation by terminal type, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global LNG infrastructure market is segmented by terminal type into liquefaction and regasification, out of which, regasification terminal segment is anticipated to hold the largest market share owing to the rise in regasification capacity worldwide coupled with the development of several floating regasification projects and the newly added regasification capacities so as to meet the growing demand of LNG across end users. In the statistics by the International Gas Union (IGU), regasification capacity including the floating regasification terminals around the world peaked to 824 MTPA by February 2019.
The global LNG infrastructure market is anticipated to reach a CAGR of around 5.5% during the forecast period, i.e. 2020-2028. Growing demand for clean fuel energy worldwide coupled with the rising production of LNG and the need for the distribution of LNG as an energy source to end users are some of the factors anticipated to promote significantly towards the growth of the global LNG infrastructure market. In the statistics by the International Energy Agency (IEA), total production of natural gas around the world peaked to 147137783 Tera Joule (TJ) from 126194778 Tera Joule (TJ) in-between 2010-2017.
Regionally, the global LNG infrastructure market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Asia Pacific is anticipated to hold the largest market share owing to the presence of nations such as China, Japan, Korea, India and others where there is a rising demand for LNG as an energy source so as to promote clean energy and for the improvement of the air quality in the region.
Growing Trade for Natural Gas Worldwide
In other statistics by the International Energy Agency (IEA), imports of natural gas around the world peaked to 45875233 TJ from 38382048 TJ in-between 2010-2017.
The trade for natural gas has increased significantly from local to regional and global markets throughout the years backed by the need to mitigate the rising demand for natural gas as an energy source worldwide. As such, LNG infrastructure companies too have raised their investments significantly for the deployment of rapid and flexible import solutions, such as floating storage and regasification units to support the distribution of LNG across nations. Moreover, increasing competition from several players around the globe along with several upcoming LNG projects which are under construction in the recent period, is also anticipated to promote the growth of the trade of LNG, and in turn the growth of the global LNG infrastructure market.
However, concerns regarding the demand for alternative source of energy by nations, such as nuclear energy and other renewable energy sources, along with the high cost of equipment, are some of the factors anticipated to limit the growth of the global LNG infrastructure market.
This report also provides the existing competitive scenario of some of the key players of the global LNG infrastructure market, which includes company profiling of Occidental Petroleum Corporation (NYSE: OXY), Inpex Corporation (TYO: 1605), Gazprom (MCX: GAZP), Rosneft (MCX: ROSN), Novatek (MCX: NVTK), Cheniere Energy, Inc. (NYSEAMERICAN: LNG), Woodside Petroleum Ltd. (ASX: WPL), Petroliam Nasional Berhad (PETRONAS), National Iranian Oil Company and Chevron Corporation (NYSE: CVX). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global LNG infrastructure market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.