Global Large-scale LNG Terminals Market 2018-2022

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Global large-scale LNG terminals industry overview

The rising demand for cleaner fuels is one of the major factors driving the large-scale LNG terminals market growth. Currently, fossil fuels form a substantial source of energy to cater to the demands from the residential, commercial, and industrial sectors. However, they result in heavy emission of CO2 and other greenhouse gases (GHGs). Global energy-related CO2 emission increased by 1.4% during 2016-2017, resulting in a historic high figure of 325 gigatons of CO2 emission. To mitigate the concern of environmental pollutants, various regulations are being laid down by national governments and inter-governmental organizations. The environmental benefits of natural gas are resulting in its growing use as a substitute for fossil fuel like coal. For instance, China has been using natural gas for industrial and household applications as a way to improve national air quality. In the US, natural gas has been the primary source of electricity generation since 2015 and accounted for 32% of the total electricity production in 2017. The demand for natural gas is expected to intensify further in the coming years and will drive the large-scale LNG terminals market growth.

The commoditization of LNG is one of the key large-scale LNG terminals market trends that will further boost market growth. Supply surplus coupled with the increasing demand is essential for the growth of global liquid commodity market. The increasing diversity of suppliers and buyers, rising installation of floating regasification plants, and growing liquidity of tradable LNG have resulted in the commoditization of LNG, similar to oil. Therefore, the global LNG market is gradually becoming more transparent, liquid, and efficient. This global commoditization has opened new avenues for stakeholders. The plunging prices increase the use of LNG, boosting coal- to- gas switching. The producers and importers of LNG consider active trading on a spot basis as the supply surplus may act as a threat and overwhelm the existing contacts, resulting in reduced prices. As a result, players are expanding their trading teams to manage excess cargo flows and navigate the open market. The large-scale LNG terminals market forecast report predicts that fueled by these factors, the market will grow at a CAGR of almost 3% during the forecast period.

Top large-scale LNG terminals companies covered in this market research report

The large-scale LNG terminals market is moderately fragmented with multiple players occupying the market share. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this large-scale LNG terminals industry analysis report is designed to aid clients identify and build new growth strategies.

The report offers a complete analysis of various companies including:

• BP
• Chevron
• Exxon Mobil
• Gazprom
• Mitsubishi Heavy Industries
• Petroliam Nasional Berhad
• Royal Dutch Shell
• Samsung Heavy Industries

Large-scale LNG terminals market segmentation based on geographic regions

• Americas
• APAC
• EMEA

According to the global large-scale LNG terminals market analysis, the APAC region will lead the large-scale LNG terminals market share during the projected years. Whereas, in terms of growth rate, the Americas will account for the highest market growth during the same period.

Large-scale LNG terminals market segmentation based on applications

• Regasification
• Liquefaction

The regasification segment will account for the largest large-scale LNG terminals market share during the forecast period. Whereas, the liquefaction segment will account for the highest large-scale LNG terminals market growth. Additionally, the report will also provide an accurate prediction of the contribution of the various application segments to the growth of the large-scale LNG terminals market size.

Key highlights of the global large-scale LNG terminals market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the large-scale LNG terminals market during the next five years
• Precise estimation of the global large-scale LNG terminals market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the large-scale LNG terminals industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of the large-scale LNG terminals companies

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