Global LNG Infrastructure Market - Growth, Trends and Forecasts (2015-2020)
The LNG Infrastructure market is growing at XX% CAGR and is expected to reach USD XXX by 2020 from USD XXX in 2015.
Global LNG infrastructure market, following a limited growth since 2011, the global nominal liquefaction capacity increased by over 10 MTPA in 2014 compared to 2013, with the start of liquefaction plants in Algeria and Australia. The present global nominal liquefaction capacity stood at 301.2 MTPA. This pose a number of exciting opportunities in LNG liquefaction, which are under construction and prospective. Nearly 130 MTPA of capacity is under construction from the projects due on stream in this decade. Australia is likely going to become the worlds largest exporter by adding 58 MTPA by 2018 and the USA projects are also set to add 44 MTPA before 2020.
With the increase in the LNG usage, various LNG Production countries got increased their capacity and are looking forward to the demand and growth from the Asia. As more LNG liquefaction plants are constructed, there will be an increase in the complexity of the LNG trade, which will reshape the global energy industry.
The construction of large scale on shore liquefaction and regasification terminals is a function of the development of the Global LNG Industry. It is expected that that expenditure spent on the development of the large scale on shore LNG Liquefaction and regasification terminals will reach up to $55 Billion by 2016. The investments into LNG infrastructure will again depend on the global energy production from various sources like the shale oil production in the US, the Nuclear energy production in various countries, Forecasted loosening of the global LNG market, High estimated project costs and the competitive pressure driven by the low oil prices, which directly dictate the investments in this industry. Therefore, significant liquefaction capacities, which has been proposed in western Canada, East Africa and Russia were pushed back due to multiple converging trends. This resulted in the companies to restrict their investments over the costly liquefaction projects.
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