Portland, OR -- (SBWire) -- 03/15/2018 --This report projects the trends and opportunities of the global planned LNG market. This research study includes a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period.
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The market witnesses a significant demand owing to development of unconventional gas sources as well as advancement in offshore liquefaction technology & offshore gas exploration are some of the factors that augment the market growth. In addition, development of planned liquefaction plants and increase in demand for LNG significantly drives the market growth. In addition, rise in shale gas formations in the developed economies has reduced the reliability on natural gas imports, thereby creating surplus for LNG exports and in turn enhances the market growth. However, rise in installation costs of LNG terminals and the storage of LNG is expected to restrict the market growth to some extent. Furthermore, with the development of floating terminals and floating production storage offloading (FPSO) platforms, which are easily relocated at offshore fields at times of bad weather provides lucrative opportunities for the market players.
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Planned LNG Market Opportunity Analysis 2023