Growth Of Small Scale LNG Terminals Market 2014 – 2022
Which examines the market in question and presents forecasts for the market’s growth in the stated forecast period based on a detailed analysis of its historical development.
Based on an examination of historical and present statistics concerning the global small scale LNG terminals market, the report states that the global market will grow at a CAGR of more than 10% from 2014 to 2022, rising more than twofold from 42 MMTPA in 2013 to 102 MMTPA in 2022.
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The rise of LNG as a widely preferred fuel gas has led to rapid development of LNG infrastructure. Small scale LNG terminals have benefited from the rising global demand for LNG. The rising scarcity of crude oil all over the world has led to the conception of various ways in which it can be mitigated. One of the promising ways is to establish smaller, more focused extraction centers rather than the massive oil rigs that dominate the global petroleum extraction scenario at present. This has boosted the global small scale LNG terminals market, making them a viable choice in line with the global demand pattern.
Small scale LNG terminals help lower transportation costs, which remain a major expense for LNG producers at present, since the majority of LNG currently produced has to be transported from distant locations to urban centers. Small scale LNG terminals help mitigate this, making them more cost-efficient than existing LNG extraction units.
LNG, particularly in long-haul vehicles, has the advantage of being a clean-burning fuel, which is leading to several long-haul transportation service providers adopting LNG as the fuel of choice. The relative ease of storing and transporting liquefied natural gas also helps generate demand for LNG, thus boosting the small scale LNG terminals market.
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The report examines LNG terminals with a tank size of less than 200,000 cubic meters and a throughput of less than 300,000 tons per year. The market for small scale LNG terminals is divided into two major categories: LNG regasification terminals and LNG liquefaction terminals. Of these, TMR analysts have tipped the small scale LNG liquefaction terminals segment to enjoy strong growth over the forecast period.
Small scale LNG terminals can be deployed both onshore and offshore. The presence of several small and isolated offshore natural gas stores will help the offshore small scale LNG terminals market pick up speed over the next few years, since small scale terminals are a better option for tapping into these LNG reserves than conventional rigs.
Apart from the small scale LNG terminals market’s driving and restraining factors, the report also presents a comprehensive examination of the market’s competitive landscape. The global market for small scale LNG terminals is currently marked by frequent collaborations and routine M&As. The trends gaining strength in the market are detailed in the report in order to describe their potential impact on the small scale LNG terminals market in the forecast period. Major companies profiled in the report include Emirates LNG LLC, Skangass AS, PETRONAS, Prometheus Energy Company, and Nippon Gas Co. Ltd.
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LNG Terminal Market: Type Analysis
Liquefaction Terminals, by type
Regasification Terminals, by type
LNG Terminal Market: Regional Analysis
Rest of North America
- Rest of Europe
- Rest of Asia Pacific
Rest of South America
Middle East Africa
- Rest of Middle East and Africa
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