Liquefied Natural Gas (LNG) Infrastructure Market 2017-2027
Visiongain has calculated that the LNG infrastructure market will see a total expenditure of $63,606 mn in 2017, including both Liquefaction and Regasification.
Read on to discover the potential business opportunities available.
LNG is used in various sectors such as automobile, industrial, and commercial. It is becoming a popular energy source due to its high replacement potential, considering its environmental benefits over other energy sources. The major advantage of LNG is the low emission of CO2, which makes it an efficient alternative to conventional fossil fuels. These advantages have been driving LNG demand from the industrial as well as automobile sector. Simultaneously, it is boosting the development of large-scale LNG terminals across the globe.
Increasing utilization of natural gas over oil is one of the major drivers for the large-scale terminals market. Various companies are focusing on establishing more liquefaction and regasification terminals in offshore areas to fulfil the increasing demand of LNG. In the current scenario, the overall global outlook is gradually shifting towards utilization of cleaner fuels. Natural gas is expected to occupy a major share of primary energy consumption by the end of the forecast period. With a boom in LNG trade activities expected in the future and steadily growing consumption pattern in emerging nations in Asia Pacific, an upward pressure on large-scale LNG sector development activities is inevitable in the future.
The construction of large-scale onshore liquefaction and regasification terminals is a function of the development of the global LNG industry. Investment in such infrastructure is dictated by unique supply and demand circumstances in different geographies, such as the US unconventional oil and gas boom and economic growth in Asia, particularly China.
There are a number of exciting LNG liquefaction prospects around the world in 2016, both under construction and perspective. The question is whether the demand of East Asia will be strong enough to support the economics of an abundant supply of liquefaction opportunities. The decline of the US as an import market for LNG has troubled financiers but has been balanced by demand in Asia, East Asia and emerging demand in South America.
Visiongain’s LNG infrastructure market report can keep you informed and up to date with the developments in the Liquefication Market in Australia, Canada, US and East Africa and Rest of the World. Visiongain has also included in-depth market analysis about the Regasification markets in China, Japan, South Korea, India and Europe.
With reference to this report, it details the key investments trend in the global market, subdivided by regions, capital expenditure and capacity. Through extensive secondary research and interviews with industry experts, visiongain has identified a series of market trends that will impact the LNG infrastructure market over the forecast timeframe.
The report will answer questions such as: