Planned LNG refers to expanding the capacity for regasification and storage terminals of LNG.
Portland, OR -- (SBWIRE) -- 07/24/2017 -- Planned LNG refers refers to expanding the capacity for regasification and storage terminals of LNG. Liquefied natural gas (LNG) is produced by converting natural gas into liquid state by exposing it to temperatures as low as 160C. The LNG production process includes five stages or steps, namely, pretreatment, acid gas removal, dehydration, liquefaction, and heavy oil separation. The first four steps involve the removal of pollutants like H2S and CO2, undesirable substances, water, and mercury. Water is removed to prevent ice formation during the heavy oil separation stage. In the last step, natural gas is cooled to 160C to form LNG. The global planned LNG market is expected to grow at a CAGR of 5.0% from 2017 to 2025.
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Based on type, the global planned LNG market is segmented into liquefaction terminal and regasification terminal. Liquefaction and regasification terminals are further bifurcated into liquefaction offshore & onshore terminals, and regasification offshore & onshore terminals. Geographically, the market is segmented across North America, Europe, Asia-Pacific, and LAMEA regions.
The global planned LNG market is driven by the extent of technical advancements in the industry coupled with the discovery of new offshore gas reserves.
Fluctuations or unpredictability in crude oil supply is also fueling the demand for LNG.
High storage cost of LNG and manufacturing cost of LNG terminals is expected to hinder market growth during the forecast period.
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The top players in the global planned LNG market include Chevron Corporation, Queensland Gas Co. Ltd., Nippon Gas Co. Ltd., Royal Dutch Shell plc, Freeport LNG Development, Petrleo Brasileiro S.A., Skangass AS, Emirates LNG LLC, ConocoPhillips Co., and Southern Union Company.
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Table Of Contents:
1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
4. Market by Type
4.1. Liquefaction Terminal
126.96.36.199. Historical Market Size by Region, 2014-2016
188.8.131.52. Market Forecast by Region, 2017-2025
184.108.40.206. Historical Market Size by Region, 2014-2016
220.127.116.11. Market Forecast by Region, 2017-2025
4.2. Regasification Terminal