Latest
industry research report on: Global Liquefied Natural Gas (LNG)
Market : Industry Size, Share, Research, Reviews, Analysis,
Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
The report entitled Global
Liquefied
Natural Gas (LNG)
Market Size, Trends & Forecasts (2017-2021) provide a detailed
analysis of global LNG market with analysis of market size and
growth. The analysis includes market size in terms of trade volume,
demand, and LNG export and import market share by country.
The report provides brief
regional analysis of Middle East, JKT (Japan, Korea and Taiwan),
China-India, Europe and Americas. Regional analysis include market
sizing in terms of export, import and demand. The Middle East has
been the largest exporting region over the past few years and is
expected to remain the largest exporter of LNG globally.
The
report also assesses the key opportunities in the market and outlines
the factors that are and will be driving the growth of the industry.
Growth of the global LNG market has also been forecasted for the
period 2017-2021, taking into consideration the previous growth
patterns, the growth drivers and the current and future trends.
A
brief company profiling of major market players namely Royal Dutch
Shell, ExxonMobil, BP Global and Chevron Corporation has been
provided in the report on the basis of aspects like business
overview, financial overview and business strategies adopted by
respective companies.
Company
Coverage
- ExxonMobil Corporation
- Royal Dutch Shell
- BP Global
- Chevron Corporation
Region/Country
Coverage
- Middle East
- JKT (Japan, Korea and Taiwan)
- China-India
- Europe
- Americas
Executive
Summary
Natural
gas is one of the safest, cleanest and most used form of energy which
gives both heat and light. Natural gas is hydrocarbon which means it
is made up of compounds of hydrogen and carbon, containing seventy to
ninety percent methane in most cases. It can be used as fuel in many
sectors as; transportation, industrial, agricultural, and a raw
material for petrochemical industry. There are three forms of natural
gas: pipe natural gas, natural gas for vehicle (NGV) and liquefied
natural gas.
LNG
is a clear liquid which forms when natural gas is cooled to -162C
(-260F). The cooling process shrinks the volume of the gas 600 times,
making it easier and safer to store and ship LNG is produced at the
so-called liquefaction facilities (plants), following which it can be
transported in special cryogenic tanks: sea tank ships or tank cars.
It enables rapid delivery of gas to the areas located far from the
gas trunk lines.
The
global LNG trade volume has increased over the years and projections
are made that the market would rise in the next five years i.e. 2017
to 2021 at a rapid pace. Major factors contributing in the increasing
trade volume of LNG are startup of several new projects in Australia
and Indonesia, rapid economic growth especially of emerging
economies, and rising demand for environmentally cleaner fuels etc.
In
the forecasted period, market would be pushed by increase in LNG
exports, lower shipping cost, technological advancements and access
to new markets etc. In spite of high growth in trade volumes of LNG,
market is still facing some challenges that are obstructing the
growth of the global LNG market. Challenges faced by LNG industry are
supply and demand imbalance, lower LNG prices, competition from
fossil fuels and renewable energy and emergence of regional trade
etc.
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