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The LNG terminals are built for storage and regasification of LNG shipped from production zones. The small scale LNG terminals directly use liquefied natural gas in its liquid form, instead of a conventional mode of regasification before its introduction in the gas transmission grid. Small scale LNG terminals are usually developed to serve specific markets. Small scale LNG terminals help in providing natural gas directly to consumers, therefore, may not be necessarily located at onshore and offshore locations only.
On the basis of terminal type, small scale terminal market can be segmented into a liquefaction terminal and regasification terminal. The liquefaction terminal market is expected to grow as a rise in demand for small scale LNG supply in remote locations. On the basis of location, small scale terminal market can be segmented into onshore and offshore. small scale LNG terminals are located onshore to felicitate the distribution of LNG. On the basis of its applications, small scale lng terminals can be segmented into heavy-duty vehicles, marine transport, and industrial and power. The heavy-duty vehicles lead the sector in which small scale terminals are most used.
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Increase in energy demand all over the world, specifically in remote locations, is the key market driver for small 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 substitute fuel like LNG which is cleaner and economical to use, will act as a key market driver for small scale LNG terminal market.
Key market restraint for the global small scale LNG terminal market is the high initial cost of installation and supply of LNG. The LNG terminals require cryogenic materials, complex technologies and equipment for construction which increase the cost. Also, the absence of infrastructure required across the emerging nations is also a major market restraint for small scale LNG terminal market.
Some of the notable companies in small scale LNG terminal market are Wartsila Corporation, the Linde group, General Electric, FLUXYS, Glong Indonesia, Energy Holdings Limited, Kunlun energy, Plum energy, Engie, Gazprom, Skangass AS, Gasnor, IHI Corporation, Excelerate Energy L.P, Prometheus Energy and Novatek
By Terminal Type
· Heavy-duty vehicles
· Marine transport
· Industrial and power
· 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)
The small 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 small scale LNG terminal market due to the increasing demand for LNG heavy-duty vehicles and electricity generation. China has been the dominant force in this region and all over the globe, as it has boosted the use of LNG to tackle air pollution. Strict emission regulations have given growth to this market in USA and Europe. In North America, the growth of small scale LNG market is primarily driven by industrial and power applications. In Europe, small scale LNG terminal network is mainly concentrated in northern Europe and Spain, France, Italy, and the UK.
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