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Global Liquefied Natural Gas (LNG) Market 2019-2023

Global Liquefied Natural Gas (LNG) Market 2019-2023

About this market

The increase in the global supply of coalbed methane, shale gas, and tight gas has made natural gas one of the fastest growing fossil fuels. Hence, the global oil and gas industry will experience a significant increase in the unconventional oil and gas resources. The growth in both domestic demand in the US and the production of natural gas, it is expected that more than half of the additional natural gas produced will be converted into LNG for export to the countries where domestic natural gas production is nil or insufficient to meet the demand. The opportunities for the growth of natural gas production in Russia are primarily expected to be driven by the export of LNG as domestic demand has remained stagnant. Hence, the increase in natural gas production has led to a rise in the production of LNG which is likely to boost the growth of the global LNG market during the forecast period. Technavio’s analysts have predicted that the liquefied natural gas (LNG) market will register a CAGR of about 6% by 2023.

Market Overview

Growth in LNG liquefaction capacity

The factors such as the increase in offshore natural gas production and the increasing focus on reducing the costs of transporting natural gas by carrying out liquefaction are expected to lead to an increase in the number of new liquefaction capacities coming online during the forecast period, which will contribute to the growth of the global LNG market.

Fluctuations in global oil and gas prices

The steep price reductions impact the financials of companies involved in the upstream oil and gas sector and have a negative impact on their profit margins. Hence, the oil and gas sector has been unable to attract substantial investments, thus resulting in the loss of significant market potential. Hence, fluctuations in global crude oil prices affect the pricing of natural gas and thereby LNG, which is likely to pose a challenge to the growth of the global LNG market.

For the detailed list of factors that will drive and challenge the growth of the liquefied natural gas (LNG) market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.’


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global oil and gas market
      • Table Segments of global oil and gas market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Power - Market size and forecast 2018-2023
      • Table Power - Market size and forecast 2018-2023 ($ billions)
      • Table Power - Year-over-year growth 2019-2023 (%)
    • Industry - Market size and forecast 2018-2023
      • Table Industry - Market size and forecast 2018-2023 ($ billions)
      • Table Industry - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ billions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ billions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ billions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ billions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Growing demand for LNG bunkering
    • Growing use of FLNG vessels
    • Commoditization of LNG
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BP
      • Table BP - Vendor overview
      • Table BP - Business segments
      • Table BP - Organizational developments
      • Table BP - Geographic focus
      • Table BP - Segment focus
      • Table BP - Key offerings
    • Chevron
      • Table Chevron - Vendor overview
      • Table Chevron - Business segments
      • Table Chevron - Organizational developments
      • Table Chevron - Geographic focus
      • Table Chevron - Segment focus
      • Table Chevron - Key offerings
    • Exxon Mobil
      • Table Exxon Mobil - Vendor overview
      • Table Exxon Mobil - Business segments
      • Table Exxon Mobil - Organizational developments
      • Table Exxon Mobil - Geographic focus
      • Table Exxon Mobil - Segment focus
      • Table Exxon Mobil - Key offerings
    • Qatargas Operating Company
      • Table Qatargas Operating Company - Vendor overview
      • Table Qatargas Operating Company - Organizational developments
      • Table Qatargas Operating Company - Key offerings
    • Royal Dutch Shell
      • Table Royal Dutch Shell - Vendor overview
      • Table Royal Dutch Shell - Business segments
      • Table Royal Dutch Shell - Organizational developments
      • Table Royal Dutch Shell - Geographic focus
      • Table Royal Dutch Shell - Segment focus
      • Table Royal Dutch Shell - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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