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Global LNG Fleet Market: Trends and Opportunities (2015-2019)

Global LNG Fleet Market: Trends and Opportunities (2015-2019)

Scope of the Report

The report titled “Global LNG Fleet Market: Trends & Opportunities (2015-2019)” analyzes the potential opportunities and significant trends in the global LNG fleet industry. The report provides market size and forecast of global LNG fleet market both in terms of capacity and no. of units. The report provides detailed analysis of the LNG fleet market by types such as LNG carriers, FSRU, FLNG and LNG Fueled fleet. LNGC detailed market analysis by type, new build orders, by order book, by capacity and vessel size is also provided in the report. It also covers global market share analysis of the LNG fleet market by key players and by order book.

The report has detailed segments on market analysis of the FSRU and FLNG. The FSRU market has grown from being non-existent in 2004 to having a total of 20 operational units. The FLNG market has been on the cusp of becoming reality for almost a decade with the early plans for FLNG targeting stranded gas fields which were too small for land-based LNG plants.

Leading companies operating in the global LNG fleet market such as GTT (Gaztransport & Technigaz), Hoegh LNG Holdings, and Teekay LNG Partners, have been profiled with their financials and respective business strategies. The growth of the market has been projected taking into consideration various aspects like previous growth patterns, the current trends, the growth drivers, challenges and environmental conditions.

Company Coverage

GTT (Gaztransport & Technigaz)
Hoegh LNG Holdings
Teekay LNG Partners

Executive Summary

LNG industry has witnessed major evolution since 1970s. After a surge of newbuilding in the second half of the 1970s, by the end of 1979, the global fleet consisted of 52 ships – 17 Moss, 16 Gaz Transport, 12 Technigaz, and 7 others. There were limited numbers of trade routes, with ships working on long-term charter to deliver LNG from the exporting to importing countries. The LNG shipping market has developed over the last decade, driven by growth in global liquefaction capacity and demand in the Pacific Basin. The industry is expected to increase imports significantly in the coming years.

The UK has turned out to be LNG importer as it is no longer self-sufficient in natural gas from the North Sea. The USA which was once an importer of LNG has become an exporter again after their development of large shale gas deposits. In recent years, there has also been re-export of LNG from the USA and Belgium, and this has been developing into a spot market which is gradually commanding increasing share of world LNG trade. Among the exporting countries, the biggest development was Qatar gas’s decision to greatly expand its LNG exports, seeing opportunities to sell in Europe and the USA.

The global LNG market has led to a worldwide fleet of LNG carriers that transport LNG to regasification plants around the world. New trend of new-build ordering was witnessed in late 2012 and 2013.


1. Executive Summary
2. Introduction
2.1 Liquefied Natural Gas
Table 1: LNG Composition
2.2 Liquefied Natural Gas Supply Chain
Table 2: Liquefied Natural Gas Supply Chain
2.2.1 Exploration
2.2.2 Liquefaction
2.2.3 LNG Transportation
2.2.4 Storage and Regasification
2.3 LNG Trade
2.4 LNG Carriers
Table 3: Types of LNG Carriers
2.4.1 Moss-Rosenberg
2.4.2 Membrane Technology
2.5 Floating Liquefied Natural Gas (FLNG)
2.6 Floating Storage Regasification Unit (FSRU)
3. Global LNG Fleet Market: An Analysis
3.1 Global LNG Fleet Market: Sizing & Growth
3.1.1 Global LNG Fleet Market by Units
Table 4: Global LNG Fleet Market by Units; 2010-2014
Table 5: Global LNG Fleet Market by Units; 2015-2019E
3.1.2 Global LNG Fleet by Average Vessel Size
Table 6: Global LNG Fleet Market by Average Vessel Size; 2010-2014 (Million Cubm)
Table 7: Global LNG Fleet Market by Average Vessel Size; 2015-2019E (Million Cubm)
3.1.3 Global LNG Fleet by Year of Delivery
Table 8: Global LNG Fleet Market by Year of Delivery; 2000-2014
Table 9: Global LNG Fleet Market by Year of Delivery; 2015-2019E
3.1.4 Global LNG Fleet Market by Volume Capacity
Table 10: Global LNG Fleet Market by Volume Capacity; 2010-2014 (Million Cubm)
Table 11: Global LNG Fleet Market by Size; 2010-2014 (Million Cubm)
Table 12: Global LNG Fleet Market by Volume Capacity; 2015-2019E (Million Cubm)
Table 13: Global LNG Fleet Market by Size; 2015-2019E (Million Cubm)
3.1.5 Global LNG Fleet Utilization Rate
Table 14: Global LNG Fleet Utilization Rate; 2010-2013 (%)
3.1.6 Global LNG Fueled Fleet Market by Units
Table 15: Global LNG Fuelled Fleet Market by Units; 2000-2014
Table 16: Global LNG Fuelled Fleet Market by Units; 2015-2019E
By Operations
Table 17: Global LNG Fuelled Fleet by Operations; 2015-2019
3.1.7 Global LNG Fueled Fleet Market by Vessel Type
Table 18: Global LNG Fueled Fleet Market by Vessels Type; 2014
Table 19: Global LNG Fueled Fleet Market by Vessels Type; 2018
3.2 Global LNG Fleet Market Share Analysis
3.2.1 Global LNG Fleet Market by Players
Table 20: Global LNG Fleet Market by Players; 2014
3.2.2 Global LNG Fleet Market by Orderbook by Players
Table 21: Global LNG Fleet Market by Orderbook by Players; 2014
3.3 Global LNG Carriers Market: Sizing & Growth
3.3.1 Global LNG Carriers Market by New Build Orders
Table 22: Global LNGC Market by New Build Orders; 2014
3.3.2 Global LNG Carriers Conventional New-build Orders by Fixture Type
Table 23: Global LNGC New Build Orders Market by Fixture Type; 2014
3.3.3 Global LNG Carriers Market by Orderbook
Table 24: Global LNGC Market by Orderbook; 2000-2014
3.4 Global LNG Carriers Market Share Analysis
3.4.1 Global LNG Carriers Market by Key Players
Table 25: Global LNGC Market by Key Players; 2014
3.4.2 Global LNG Carriers Market by Type
Table 26: Global LNGC by Type; 2014
3.4.3 Global LNG Carriers Market by Capacity
Table 27: Global LNGC Market by Capacity; 2014
3.4.4 Global LNG Carriers Market by Vessel Age
Table 28: Global LNGC Market by Age; 2014
3.5 Global FSRU Market: Sizing & Growth
3.5.1 Global FSRU Market by Capacity
Table 29: Global FSRU Market by Capacity; 2004-2014 (MTPA)
Table 30: Global FSRU Market by Capacity; 2015-2019E (MTPA)
3.5.2 Global FSRU Fleet Overview
Table A: Global FSRU Fleet Overview
3.5.3 Global FSRU Orderbook Overview
Table B: Global FSRU Orderbook Overview
3.5.4 Global FSRU Pricing Trend
Table 31: Global FSRU Pricing; 2014 (US$ Million/MTPA)
3.5.5 Global Land Based Terminal Pricing Trend
Table 32: Global Land Based Terminal Pricing; 2014 (US$ Million/MTPA)
3.5.6 Global FSRU Market by LNG Traded
Table 33: Global FSRU Market by LNG Traded; 2009-2014 (MTPA)
Table 34: Global FSRU Market by LNG Traded; 2015-2019E (MTPA)
Table 35: Global FSRU Market by % of Global LNG Trade; 2015-2015E (%)
3.5.7 Global FSRU Market by Ownership
By Units
Table 36: Global FSRU Ownership by Units; 2014
By Capacity
Table 37: Global FSRU Ownership by Capacity; 2014
3.6 Global FLNG Market: Sizing & Growth
3.6.1 Global FLNG Market by Volume Capacity
Table 38: Global FLNG Market by Volume Capacity; 2014
Table 39: Global FLNG Market by Volume Capacity; 2015-2019E (MTPA)
3.6.2 Global FLNG Project Backlog
Table C: Global FLNG Project Backlog
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Increasing Global LNG Trade
Table 40: Global LNG Trade by Volume; 2005-2014 (MTPA)
4.1.2 Liquefaction and Shipping Capacity Growth
Table 41: Global LNG Shipping Capacity Growth; 2000-2013 (bcm)
Table 42: Global LNG Liquefaction Capacity Growth; 2016-2020E (MTPA)
4.1.3 Strong Commercial Vessel Order Market
Table 43: Global Commercial Vessel Market; 2008-2014 (Million DWT)
Table 44: Global Commercial Vessel Market by Region; 2014
4.2 Challenges
4.2.1 Capital Intensive Market
4.2.2 Long-Term Investment Capacity
4.2.3 End to End Expertise
4.3 Market Trends
4.3.1. Rising Regasification Market
4.3.2 Floating Regasification aids in expanding LNG Import Capacity
4.3.3 Growing Small-Scale LNG
5. Competitive Landscape
Table D: Comparative Analysis of Key Players
6. Company Profiles
6.1 GTT (Gaztransport & Technigaz)
6.1.1 Business Overview
6.1.2 Financial Overview
Table 45: GTT Revenue & Net Margin; 2010-2014 (US$ Million)
Table 46: GTT Revenue Breakdown; 2014
Table 47: GTT Oder Book Evaluation; 2010-2014
Table E: GTT Orders Received during 2014-2015
6.1.3 Business Strategy
Table 48: Performance of GTT Technologies
Table 49: Diversified Shipyard Clients of GTT
Table 50: Diversified Technologies of GTT
6.2 Höegh LNG Holdings (HLNG)
6.2.1 Business Overview
6.2.2 Financial Overview
Table 51: HLNG Holding Net Revenue; 2013-2014 (US$ Million)
6.2.3 Business Strategy
6.3 Teekay LNG Partners L.P.
6.3.1 Business Overview
6.3.2 Financial Overview
Table F: Teekay Financial Summary; 2012-2014 (US$ 000)
Table 52: Teekay Voyage Revenue; 2012-2014 (US$ Million)
Table 53: Teekay Forward Fee-Based Revenues by Segment; 2014
(Total Value US$11.3 Billion)
6.3.3 Business Strategy

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