Large-scale LNG Terminals Market growing due to Importance of Asset Management in Industry
Liquefied natural gas (LNG) is one of the most commercially-viable energy solutions adopted by developing economies in Asia Pacific to fulfill their energy requirements. In 2013, global LNG trade accounted for 240 million tons, which is approximately 30% of the overall natural gas consumption. The LNG industry has witnessed several technological changes in the past few years. Increasing investments in large-scale and small-scale LNG terminals is one such upcoming trend witnessed in the market in the recent years. Large-scale LNG terminals are primarily designed to focus on the requirements of large demand and supply centers. Natural gas can be transported from gas production centers to consumption centers in the form of liquefied natural gas (LNG) through ships and pipelines. Natural gas can be transported in ships and trucks to locations that are not connected to pipelines. In case of large-scale terminals, ships and pipelines are more economical and convenient modes of transportation of LNG.
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Transportation of LNG takes place between exporting terminals (liquefaction plants) and importing terminals (regasification plants). The conventional process of LNG production includes transportation of natural gas from production field to liquefaction terminals through pipelines. Growing demand for LNG in the marine and transportation sectors has provided new opportunities for the large-scale LNG sector. Design of LNG terminals is different for both onshore and offshore oilfields, depending upon the surface and sub-surface conditions. The large-scale LNG terminals market is segmented in terms of technology into liquefaction and regasification terminals. Both the technologies are discussed for onshore and offshore terminals separately for the large-scale LNG terminals market report. Large-scale LNG liquefaction terminals accounted for 55.95% share of the global large-scale LNG terminals market in 2014.
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The market for large-scale LNG terminals can be segmented geographically into five regions, namely North America, Asia Pacific, Europe, South America, and Middle East & Africa. Asia Pacific accounted for the largest market share, with 47.26% of total market in terms of throughput, in 2014. Asia Pacific is likely to remain the largest market for large-scale LNG terminals during the forecast period, primarily due to an increasing demand for LNG in the region. North America ranked second in terms of market share, accounting for 19.39% of the global market for large-scale LNG terminals in 2014. Rapidly increasing shale gas production in the U.S. is the primary driver for the growth in number of large-scale LNG liquefaction terminals in North America. Middle East & Africa ranked third in the global large-scale LNG terminals market in 2014. Increasing consumption of LNG and decreasing production of oil and gas are the major factors which would make Asia Pacific one of the most attractive markets for large-scale LNG terminals in the near.
Table of Content
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Industry Analysis
Chapter 4 Global Large-scale LNG Terminals Market – Technology Segment
Chapter 5 Global Large-scale LNG Terminals Market – Regional Analysis
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