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Global Liquefied Natural Gas (LNG) Market Report: Insights, Trends & Forecast (2019-2023)

Global Liquefied Natural Gas (LNG) Market Report: Insights, Trends & Forecast (2019-2023)

The global liquefied natural gas (LNG) market is estimated to reach US$138.43 billion in 2023, growing at a CAGR of 5.15% for the period spanning 2019 to 2023. The factors such as rising energy consumption, growing urban population, increasing demand of natural gas vehicles, and increasing preference of LNG in developing economies are expected to drive the market. However, growth of the industry will be challenged by expiration of exports contracts, stringent regulations and lack of infrastructure facilities. A few notable trends include evolving LNG export capacity additions, growing demand for LNG bunkering, progressing LNG projects, growing LNG spot market and increasing shift towards modular technology.

Increased demand of LNG by domestic households for cooking and heating purposes was one of the key factors that have supported the LNG demand globally. Additionally, the LNG export volume has been stimulated by increased production of the exiting LNG projects and growing preference for LNG by the population for various commercial and domestic applications.

The largest LNG regional capacity is in Asia-Pacific due to higher production from existing projects in Asia-Pacific countries, such as India, China, and Japan that have a major impact on the growth of the market. China and India are highly established premium markets that contribute to significant shares in the global LNG capacity. Rising approval for liquefaction plants in the U.S. propelled the demand for LNG. The Qatar represents one of the largest markets for LNG and is already a well-penetrated market.

Scope of the report:

  • The report provides a comprehensive analysis of the global Liquefied Natural Gas (LNG) market to aid in identifying the current market opportunities.
  • The regional markets (Asia-Pacific, Middle East, Europe, Americas and Africa) have been analyzed, along with country coverage of the Australia, Japan, China, South Korea, India, Qatar and the U.S.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Equinor ASA, Gazprom Group, Royal Dutch Shell Plc, Exxon Mobil Corporation, British Petroleum Plc and Chevron Corporation) are also presented in detail.
Key Target Audience:
  • Liquefied Natural Gas (LNG) Manufacturers
  • Raw Material Suppliers
  • End User Industries (Heavy-Duty Vehicles, Electric Power Generation, and Marine Transport)
  • Consulting Firms
  • Investment Banks
  • Government Bodies & Regulating Authorities


1. Liquefied Natural Gas (LNG) Overview
1.1 Introduction
Table 1: Composition of LNG
1.2 Properties
Table 2: Properties of LNG
1.3 Value Chain
Table 3: LNG Value Chain
1.4 End Users and Applications
Table 4: LNG End Users and Applications
2. Global Liquefied Natural Gas (LNG) Market
2.1 Global LNG Liquefaction Capacity
Table 5: Global LNG Liquefaction Capacity (2014-2018)
2.2 Global LNG Liquefaction Capacity Forecast
Table 6: Global LNG Liquefaction Capacity Forecast (2019-2023)
2.3 Global LNG Market Forecast by Value
Table 7: Global LNG Market Forecast by Value (2018-2023)
2.4 Global LNG Supply Volume Forecast
Table 8: Global LNG Supply Volume Forecast (2018-2023)
2.5 Global LNG Demand Volume
Table 9: Global LNG Demand Volume (2014-2018)
2.6 Global LNG Demand Volume Forecast
Table 10: Global LNG Demand Volume Forecast (2019-2023)
2.7 Global LNG Exports Volume Forecast
Table 11: Global LNG Exports Volume Forecast (2018-2023)
2.8 Global LNG Exports Volume by Region
Table 12: Global LNG Exports Volume by Region (2018)
2.9 Global LNG Imports Volume Forecast
Table 13: Global LNG Imports Volume Forecast (2018-2023)
2.10 Global LNG Imports Volume by Region
Table 14: Global LNG Imports Volume by Region (2018)
3. Regional Liquefied Natural Gas (LNG) Market
3.1 Asia Pacific
3.1.1 Asia-Pacific LNG Liquefaction Capacity Volume
Table 15: Asia- Pacific LNG Liquefaction Capacity Volume (2014-2018)
3.1.2 Asia-Pacific LNG Liquefaction Capacity Volume Forecast
Table 16: Asia- Pacific LNG Liquefaction Capacity Volume Forecast (2019-2023)
3.1.3 Asia-Pacific LNG Demand Volume
Table 17: Asia-Pacific LNG Demand Volume (2014-2018)
3.1.4 Asia-Pacific LNG Demand Volume Forecast
Table 18: Asia- Pacific LNG Demand Volume Forecast (2019-2023)
3.1.5 Australia LNG Liquefaction Capacity Volume Forecast
Table 19: Australia LNG Liquefaction Capacity Volume Forecast (2018-2023)
3.1.6 Australia LNG Exports Volume Forecast
Table 20: Australia LNG Exports Volume Forecast (2018-2023)
3.1.7 Western Australia LNG Market by Value
Table 21: Western Australia LNG Market by Value (2014-2018)
3.1.8 Western Australia LNG Market Forecast by Value
Table 22: Western Australia LNG Market Forecast by Value (2019-2023)
3.1.9 Western Australia LNG Market by Volume
Table 23: Western Australia LNG Market by Volume (2014-2018)
3.1.10 Western Australia LNG Market Forecast by Volume
Table 24: Western Australia LNG Market Forecast by Volume (2019-2023)
3.1.11 Western Australia LNG Exports Volume Forecast
Table 25: Western Australia LNG Exports Volume Forecast (2018-2023)
3.1.12 Japan LNG Demand Volume
Table 26: Japan LNG Demand Volume (2014-2018)
3.1.13 Japan LNG Demand Volume Forecast
Table 27: Japan LNG Demand Volume Forecast (2019-2023)
3.1.14 Japan LNG Imports Volume
Table 28: Japan LNG Imports Volume (2014-2018)
3.1.15 Japan LNG Imports Volume Forecast
Table 29: Japan LNG Imports Volume Forecast (2019-2023)
3.1.16 South Korea LNG Demand Volume
Table 30: South Korea LNG Demand Volume (2014-2018)
3.1.17 South Korea LNG Demand Volume Forecast
Table 31: South Korea LNG Demand Volume Forecast (2019-2023)
3.1.18 South Korea LNG Imports Volume
Table 32: South Korea LNG Imports Volume (2014-2018)
3.1.19 South Korea LNG Imports Volume Forecast
Table 33: South Korea LNG Imports Volume Forecast (2019-2023)
3.1.20 China LNG Demand Volume
Table 34: China LNG Demand Volume (2014-2018)
3.1.21 China LNG Demand Volume Forecast
Table 35: China LNG Demand Volume Forecast (2019-2023)
3.1.22 China LNG Imports Volume
Table 36: China LNG Imports Volume (2014-2018)
3.1.23 China LNG Imports Volume Forecast
Table 37: China LNG Imports Volume Forecast (2019-2023)
3.1.24 India LNG Demand Volume
Table 38: India LNG Demand Volume (2014-2018)
3.1.25 India LNG Demand Volume Forecast
Table 39: India LNG Demand Volume Forecast (2019-2023)
3.1.26 India LNG Imports Volume
Table 40: India LNG Imports Volume (2014-2018)
3.1.27 India LNG Imports Volume Forecast
Table 41: India LNG Imports Volume Forecast (2019-2023)
3.2 Middle East
3.2.1 Middle East LNG Liquefaction Capacity Volume
Table 42: Middle East LNG Liquefaction Capacity Volume (2014-2018)
3.2.2 Middle East LNG Liquefaction Capacity Volume Forecast
Table 43: Middle East LNG Liquefaction Capacity Volume Forecast (2019-2023)
3.2.3 Middle East LNG Demand Volume
Table 44: Middle East LNG Demand Volume (2014-2018)
3.2.4 Middle East LNG Demand Volume Forecast
Table 45: Middle East LNG Demand Volume Forecast (2019-2023)
3.2.5 Middle East LNG Imports Volume
Table 46: Middle East LNG Imports Volume (2014-2018)
3.2.6 Middle East LNG Imports Volume Forecast
Table 47: Middle East LNG Imports Volume Forecast (2019-2023)
3.2.7 Qatar LNG Liquefaction Capacity Volume
Table 48: Qatar LNG Liquefaction Capacity Volume (2014-2018)
3.2.8 Qatar LNG Liquefaction Capacity Volume Forecast
Table 49: Qatar LNG Liquefaction Capacity Volume Forecast (2019-2023)
3.2.9 Qatar LNG Exports Volume Forecast
Table 50: Qatar LNG Exports Volume Forecast (2018-2023)
3.3 Europe
3.3.1 Europe LNG Liquefaction Capacity Volume
Table 51: Europe LNG Liquefaction Capacity Volume (2014-2018)
3.3.2 Europe LNG Liquefaction Capacity Volume Forecast
Table 52: Europe LNG Liquefaction Capacity Volume Forecast (2019-2023)
3.3.3 Europe LNG Demand Volume
Table 53: Europe LNG Demand Volume (2014-2018)
3.3.4 Europe LNG Demand Volume Forecast
Table 54: Europe LNG Demand Volume Forecast (2019-2023)
3.3.5 Europe LNG Imports Volume
Table 55: Europe LNG Imports Volume (2014-2018)
3.3.6 Europe LNG Imports Volume Forecast
Table 56: Europe LNG Imports Volume Forecast (2019-2023)
3.3.7 Southern Europe LNG Imports Volume Forecast
Table 57: Southern Europe LNG Imports Volume Forecast (2018-2023)
3.3.8 North-Western Europe LNG Imports Volume Forecast
Table 58: North-Western Europe LNG Imports Volume Forecast (2018-2023)
3.3.9 Russia LNG Exports Volume Forecast
Table 59: Russia LNG Exports Volume Forecast Volume Forecast (2018-2023)
3.4 The Americas
3.4.1 The Americas LNG Liquefaction Capacity Volume
Table 60: The Americas LNG Liquefaction Capacity Volume (2014-2018)
3.4.2 The Americas LNG Liquefaction Capacity Volume Forecast
Table 61: The Americas LNG Liquefaction Capacity Volume Forecast (2019-2023)
3.4.3 The Americas LNG Demand Volume
Table 62: The Americas LNG Demand Volume (2014-2018)
3.4.4 The Americas LNG Demand Volume Forecast
Table 63: The Americas LNG Demand Volume Forecast (2019-2023)
3.4.5 The Americas LNG Imports Volume
Table 64: The Americas LNG Imports Volume (2014-2018)
3.4.6 The Americas LNG Imports Volume Forecast
Table 65: The Americas LNG Imports Volume Forecast (2019-2022)
3.4.7 The U.S. LNG Exports Volume Forecast
Table 66: The U.S. LNG Exports Volume Forecast (2018-2023)
3.5 Africa
3.5.1 Africa LNG Liquefaction Capacity Volume
Table 67: Africa LNG Liquefaction Capacity Volume (2014-2018)
3.5.2 Africa LNG Liquefaction Capacity Volume Forecast
Table 68: Africa LNG Liquefaction Capacity Volume Forecast (2019-2023)
3.5.3 Africa LNG Demand Volume
Table 69: Africa LNG Demand Volume (2014-2018)
3.5.4 Africa LNG Demand Volume Forecast
Table 70: Africa LNG Demand Volume Forecast (2019-2023)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Rising Energy Consumption
Table 71: Global Primary Energy Consumption (2014-2018)
4.1.2 Growing Urban Population
Table 72: Global Urban Population (2014-2018)
4.1.3 Increasing Demand of Natural Gas Vehicles
Table 73: Global Natural Gas Vehicles in Operation (2014-2018)
4.1.4 Accelerating Economic Growth
Table 74: Global GDP per Capita (2014-2018)
4.1.5 Growing Preference for LNG in Developing Economies
4.2 Key Trends and Developments
4.2.1 Evolving LNG Export Capacity Additions
Table 75: Global LNG Export Capacity Additions (2014-2018)
4.2.2 Growing Demand for LNG Bunkering
Table 76: Global LNG Bunkering (2018-2023)
4.2.3 Progressing LNG Projects
Table 77: Global LNG Projects (2017-2020)
4.2.4 Growing LNG Spot Market
Table 78: Total LNG Spot and Short Term Volume (2014-2018)
4.2.5 Increasing Shift towards Modular Technology
4.3 Challenges
4.3.1 Expiration of Exports Contracts
Table 79: Global LNG Exports Contracts Roll-Off (2014-2018)
4.3.2 Stringent Regulations
4.3.3 Lack of Infrastructure Facilities
5. Competitive Landscape
5.1 Global Market
5.1.1 Revenue and Market Cap Comparison
Table 80: Key Players - Revenue & Market Cap Comparison (2018)
5.1.2 Global LNG Sales including Third-Party Offtake by Company
Table 81: Global LNG Sales including Third-Party Offtake by Company (2018-2023F)
6. Company Profiles
6.1 Equinor ASA
6.1.1 Business Overview
6.1.2 Financial Overview
Table 82: Equinor ASA Revenue Share by Segments (2018)
Table 83: Equinor ASA Revenue Share by Country (2018)
Table 84: Equinor ASA Revenue and Net Income (Loss)(2014-2018)
6.1.3 Business Strategies
6.2 Gazprom Group
6.2.1 Business Overview
6.2.2 Financial Overview
Table 85: Gazprom Group Sales Share by Segments (2018)
Table 86: Gazprom Group Sales and Net Income (2014-2018)
6.2.3 Business Strategies
6.3 Royal Dutch Shell Plc
6.3.1 Business Overview
6.3.2 Financial Overview
Table 87: Royal Dutch Shell Plc Revenues by Business Segments (2018)
Table 88: Royal Dutch Shell Plc Revenues by Origin (2018)
Table 89: Royal Dutch Shell Plc Revenues and Income (2014-2018)
6.3.3 Business Strategies
6.4 Exxon Mobil Corporation
6.4.1 Business Overview
6.4.2 Financial Overview
Table 90: Exxon Mobil Corporation Revenues by Business Segments (2018)
Table 91: Exxon Mobil Corporation Revenues by Geographical Segments (2018)
Table 92: Exxon Mobil Corporation Revenues and Net Income (2014-2018)
6.4.3 Business Strategies
6.5 British Petroleum Plc
6.5.1 Business Overview
6.5.2 Financial Overview
Table 93: British Petroleum Plc Revenues by Business Segments (2018)
Table 94: British Petroleum Plc Revenues by Geographical Area (2018)
Table 95: British Petroleum Plc Revenues and Profit (Loss) (2014-2018)
6.5.3 Business Strategies
6.6 Chevron Corporation
6.6.1 Business Overview
6.6.2 Financial Overview
Table 96: Chevron Corporation Sales by Business Segments (2017)
Table 97: Chevron Corporation Upstream Sales by Geographical Area (2018)
Table 98: Chevron Corporation Downstream Sales by Geographical Area (2018)
Table 99: Chevron Corporation Sales and Net Income (Loss) (2014-2018)
6.6.3 Business Strategies

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