Global LNG Market to Grow at CAGR 5% Until 2025
Growing concerns towards
deteriorating air quality, coupled with rising demand from power, industrial,
residential and transportation sectors to drive global LNG market through 2025
According to TechSci Research
report, “Global LNG Market Demand & Supply
Analysis, By Region, By Country-wise LNG Terminal Capacity,
Competition Forecast and Opportunities, 2011-2025”, global market for liquefied
natural gas (LNG) is projected to grow at a CAGR of more than 5% during 2016 - 2025,
due to capacity expansions in power, industrial,
residential and transportation sectors. A major share in demand for LNG
across the globe emanates from Asia-Pacific, with Japan, South Korea, China, India and Taiwan accounting
for around 69% of total LNG supply in Asia-Pacific in 2015. Over the last five
years, LNG prices have fallen to below USD3 per MMBtu, which has resulted in renegotiation
of long-term LNG supply contracts. However,
global average LNG import prices are expected to moderately grow during
2016-2025, due to oversupply conditions and liquefication capacity additions,
especially in Australia, US and Papua New Guinea. Consequently, an increasing
number of LNG importers, traders, and
aggregators have started to opt for spot price mechanism instead of long-term agreements on account of price
arbitrage.
Browse 107
market data Tables and 184 Figures spread through 402 Pages and an
in-depth TOC on "Global LNG Market"
https://www.techsciresearch.com/report/global-lng-market-demand-supply-analysis-by-region-asia-pacific-europe-middle-east-africa-south-america-and-north-america-by-country-by-lng-terminal-competition-forecast-and-opportunities/825.html
As
of 2015, there were 33 LNG importing and 17 exporting countries, globally. Total
global regasification capacity of LNG reached around 777 MTPA in 2015, and
around 71.92 MTPA of regasification capacity was under construction in the same
year. Europe and Middle East & Africa are expected to witness maximum regasification
capacity additions during 2016 - 2025. An
increasing number of projects related to power, city gas distribution and
petrochemical sectors are anticipated to come up over the next 5-10 years
across the globe, which is expected to positively influence global LNG market through
2025.
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“Growing demand for LNG and opening of wider Panama Canal has considerably
reduced lead time for supply of LNG from the US to many countries in
Asia-Pacific and South America, thereby driving global LNG supply. Growing
adoption of natural gas in various downstream industries due to concerns
associated with poor air quality, coupled with booming downstream
infrastructural developments, increasing capital investments in oil & gas
exploration and production activities, and favorable policy environment across
majority of the leading economies, is projected to boost demand for LNG across
the globe in the coming decade.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global LNG Market Demand & Supply Analysis, By
Region, By Country-wise LNG Terminal Capacity, Competition Forecast and
Opportunities, 2011-2025” has
evaluated the future growth potential of global liquefied natural gas market and
provides statistics and information on market structure, size, share and future
growth of global LNG market. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes emerging trends along with
essential drivers, challenges, and
opportunities in the global LNG market.
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