A huge wave of upcoming LNG projects across Oceania and North America will certainly augment the demand for LNG Carrier
Pune, India -- (SBWIRE) -- 02/14/2018 -- Infinium Global Research has undertaken a new report on Global LNG Carriers Market. The report presents analysis global as well as regional markets of Agriculture drones over the period of 2015 to 2023 Moreover, the IGR-Growth Matrix given in the report provides key focus areas and investment areas the market players can focus on. The market size is presented in terms of value for the historic year 2015 and estimated for forecast period of 2017 to 2023.
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Declining prices of natural gas means we could witness a three way battle between coal, crude and natural gas over becoming the choice of primary fuel. Although, not as cheap as coal and crude oil, the natural gas is a clean fuel and fits the global consensus of reducing the global carbon footprint. According to Exxon Mobil, the demand for natural gas which is essentially methane is expected to double by 2040, that is, more than for any other kind of fuel. Moreover, EIA forecasts that natural gas is likely to become a vital cog of future primary energy demand and is expected to account for nearly 29% of total primary energy consumed in the U.S. The surge in demand for natural gas is likely to have favorable impact on the midstream segment of oil and gas industry as the produced gas would be required to be shipped from production areas to the demand centers across the world. Gas carriers or what we call LNG vessels are of the prime choice while dealing with outbound gas transportation across oceans, and can (demand) experience strong tailwinds.
A huge wave of upcoming LNG projects across Oceania and North America will certainly augment the demand for LNG Carrier. Shale gas boom in the U.S. has completely upturned the natural gas supply scenario. The U.S. which used to be one of the largest buyers of super chilled fuel is now converting its re-gasification terminals into the exporting (Liquefaction) terminals. Four LNG export terminals namely Corpus Christi, Cameron LNG Terminal, Cove Point and Freeport with combined capacity of more than 6 Bcf/d are under construction and are expected to be online before 2021. Once completed, these projects will certainly boost the demand for LNG carriers. Similarly several LNG projects are expected to come online before 2020 in Australia, that will make country one of the largest LNG producer across the globe. It is to be noted that there is a direct and a close linkage between the demand for natural gas and LNG carriers. Thus any factor enhancing demand or production of natural gas is bound to augment the demand for gas carriers as well.
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Segmentation of the LNG carrier market can be done on the basis of capacity added per type of technology and geography. Prismatic Design, Moss Type and Membrane type are the major type of vessels used to transport LNG. Majority of the LNG Vessels are in between 4,400,000 to 4,800,000 cu ft. in capacity and contains facilities to maintain cryogenic temperatures for storage of natural gas.
In this report the LNG carrier market is segmented by technology and further segmented by volume and revenue. By technology segmentation by volume and revenue covers moss type, prism type and membrane type.
- Samsung Heavy Industries,
- Daewoo Shipbuilding & Marine Engineering Co., Ltd,
- Hyundai Heavy Industries Co., Ltd.,
- STX Offshore & Shipbuilding Co., Ltd.,
- China State Shipbuilding Corporation
Reasons to buy this report
1) Comprehensive analysis of global as well as regional markets of LNG carrier
2) Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2023.
3) Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4) Infinium Global Research- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.