"Actionable Insights to Fuel Your Growth"

Large Scale LNG Terminal Market Size, Share and Global Trend By Technology (Liquefaction, Regasification), By Location (Onshore, Offshore), By Application (Residential, Commercial, Industrial) and By Geography Forecast till 2026

Region : Global | Report ID: FBI100445 | Status : Ongoing

 

KEY MARKET INSIGHTS

Natural gas is usually transported by sea over long distances in the form of LNG and the large scale terminals are exclusively built for import and export of LNG. The large scale LNG terminals are also used for storage, liquefaction and regasification of LNG shipped from production zones. LNG is stored in large scale terminals and is pumped into the transport network as per demand. The increase in number of suppliers and buyers has also had a positive impact on the large scale LNG terminal market.


On the basis of technology, large scale LNG terminal market can be segmented into liquefaction and regasification. The regasification terminals currently dominate the large scale LNG terminal market. On the basis of the location of storage large scale terminal market can be segmented into onshore, and offshore. Floating storage and regasification units (FSRU) require less cost and time for construction which has led to increasing in their usage throughout the world. On the basis of their applications, large scale LNG terminals can be segmented into residential, commercial and industrial. The application of LNG in the transport sector has been rising, seeing LNG as a substitute fuel for petrol and diesel.


Increase in energy demand all over the world is the key market driver for large scale LNG terminal market. Also with the emission control norms becoming increasingly strict all over the world, which has compelled industrial, domestic and commercial sectors to switch towards a clean fuel like LNG which is cleaner and economical to use, will act as a key market driver for large scale LNG terminal market.

To gain extensive insights into the market, Request for Customization


Key market restraint for the global large scale LNG terminal market is the high initial cost of installation. The LNG terminals require cryogenic materials, complex technologies and equipment for construction which increase the overall capital expenditure. Also, the absence of infrastructure required across the emerging nations is also a major market restraint for small scale LNG terminal market.


KEY PLAYERS COVERED


Some of the notable companies in large scale LNG terminal market are Royal Dutch Shell Plc, Santos Ltd, the Linde group, Petronas, Conoco Phillips, Rosneft, ExxonMobil Corporation, Chevron Corporation, Gazprom, Cameron LNG, and Statoil ASA.


SEGMENTATION


























 SEGMENTATION



 DETAILS



By Technology



·         Liquefaction


·         Regasification



By Location



·         Onshore


·         Offshore



By Application



·         Residential


·         Commercial


·         Industrial



By Geography



·         North America (USA and Canada)


·         Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)


·         Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)


·         Latin America (Brazil, Mexico and Rest of Latin America)


·         Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



REGIONAL ANALYSIS


The large scale LNG terminal market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region has been the most dominant region in large scale LNG terminal market due to increasing demand of LNG for heavy duty vehicles and electricity generation. China has been the dominant force in this region and all over the globe, as the country has boosted the use of LNG to tackle air pollution. Followed by Japan and India in Asia Pacific region. Strict emission regulations have given growth to large scale LNG terminal market in USA and Europe. In North America, the growth of LNG demand is primarily driven by industrial and power applications. In Europe, large scale LNG terminal network is mainly concentrated in northern Europe, Spain, France, UK and Italy.


KEY INDUSTRY DEVELOPMENTS



  • In March 2019, CNOOC offered pipeline developers such as ENN energy and, LNG distributors such as Longkou shengtong energy to use its LNG terminals on China’s east coast over a period of 10 years with specified slots each year.

  • In March 2019, India launched Ennore LNG terminal in Tamil Nadu which will transport LNG to customers via a pipeline right up to Tuticorin in south Tamil Nadu through Puducherry and Trichy.

  • In October 2018, Total announced about its plans to invest in Indian firms for stake in LNG terminals. This will act as a boost for LNG terminal market in India.


Large Scale LNG Terminal Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients

reliance
omron

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X