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Albany, NY -- (SBWIRE) -- 10/22/2014 -- Global LNG Industry is poised to grow steadily despite fluctuations in demand from European and American buyers according to LNGANALYSIS. The publisher expects around $350 billion to be invested in global LNG industry between 2013 and 2020. Developing economies continue to fuel the industry growth in medium to long term future. Companies worldwide continue to invest in new LNG terminals, mainly to cater energy hungry Asian buyers. Further, increasing exploration activities in African markets and success of North American shale gas are driving investments in Liquefaction infrastructure. On the other hand, low construction costs and quick realization periods are encouraging governments to develop new floating LNG terminals. Between 2014 and 2020, more than 150 mtpa of new floating LNG capacity is expected to be constructed worldwide.
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Global LNG trade is also expected to steadily grow towards the end of the decade with more than 400 mtpa being expected to be traded in 2020. Increasing number of countries foraying into the industry will be the key for such strong growth. By 2020, 23 new markets are planning to enter LNG trade, giving a strong boost to LNG suppliers. On the competitive landscape, despite foray of large number of companies and industry fragmentation, Qatar Petroleum and KOGAS are expected to continue to dominate the LNG markets.
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The Global LNG Outlook Report (Q2 2014) from LNGANALYSIS provides complete information on the current status and outlook of the global LNG industry. The comprehensive report provides detailed analysis of each of the 68 LNG markets worldwide. Through detailed analysis of trade, contracts, capacity, competition, infrastructure and investments, the report analyzes the entire global LNG value chain. The research work also analyzes the recent developments in the industry along with their impact on companies and terminals. Leading companies in the industry are analyzed in detail along with their LNG operations and project details.
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