The ‘Global LNG Market Report: Insights, Trends & Forecast (2019 – 2023)’ report has been added to ResearchAndMarkets.com’s offering.
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 export 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, LNG export volumes have been stimulated by increased production at existing LNG projects, and a growing preference for LNG 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 US propelled the demand for LNG. The Qatar represents one of the largest markets for LNG and is already a well-penetrated market.
- The report provides a comprehensive analysis of the global LNG market to aid in identifying the current market opportunities.
- The regional markets (Asia-Pacific, Middle East, Europe, Americas and Africa) have been analysed, along with country coverage of the Australia, Japan, China, South Korea, India, Qatar and the US.
- The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (Equinor, Gazprom Group, Royal Dutch Shell, Exxon Mobil Corporation, British Petroleum and Chevron Corporation) are also presented in detail.
For more information about this report visit: https://www.researchandmarkets.com/r/utzn0s
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/16072019/global-lng-market-2019-2023-report-released/