Transparency Market Research has published a new report "Planned LNG Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024" to its report store.
Albany, NY -- (SBWIRE) -- 12/19/2016 -- Liquefied Natural Gas (LNG) is a natural gas that can be converted into the liquid state by cooling it to below -163°C. Setting up an LNG chain entails investment in exploration and production, liquefaction, shipping, and storage and regasification. Planned LNG is a term associated with expansion of storage and regasification terminal capacities. The planned LNG market can be segmented into liquefaction terminal and regasification terminal. Liquefaction and regasification terminals are further categorized into onshore and offshore terminals. Planned LNG terminal helps lower transportation costs. LNG is a clean burning fuel; hence, it is used for long haul vehicles. It lowers emissions as compared to alternative fossil fuels. This has encouraged many fuel service providers to adopt LNG as alternate fuel. In turn, this is propelling the demand for planned LNG.
Get PDF Brochure for more Professional and Technical industry insights: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=17552
Development of unconventional gas sources, advancement in offshore liquefaction technology & offshore gas discoveries, and fluctuation in supply of crude oil are some of the factors driving the global planned LNG market. Development of planned liquefaction plants and increase in demand for LNG are also contributing to market growth. Rise in exploration of shale gas has lowered the dependence on natural gas imports and created surplus for LNG exports. This, in turn, is boosting the planned LNG market. However, increase in number of domestic and foreign terminals that are already completed, rise in cost of building LNG terminals, and storage of LNG may hamper the planned LNG market.
Introduction of floating terminals and floating production storage offloading (FPSO) platforms has provided immense opportunities to market players to limit the need of LNG storage tanks, undersea pipelines, and related construction. This has helped lower the cost of LNG production. Floating LNG production terminals can be stationed directly over an offshore field, and relocated once the field is depleted, or in case of bad weather. Hence, development of floating terminals is anticipated to augment the demand for planned LNG terminals.
In terms of region, the planned LNG market has been segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America, Europe, and Asia Pacific are estimated to dominate the planned LNG market in the near future. Rise in demand for energy in countries such as India and China has led to the development of planned LNG terminals at various locations. Increase in demand for natural gas, rise in consumption of gas in power generation, and cold weather in Europe are some of the factors driving the planned LNG market. Growth in LNG liquefaction capacity has also led to the development of planned LNG terminals in the U.S, Australia, Iran, and Papua New Guinea. Increase in gas discoveries and investment by foreign market players are further fuelling the establishment of planned LNG export terminals. Difference in spot gas prices in the U.S., Asia Pacific, and Europe, and increase in the drilling of shale gas in the U.S. and Canada are driving the growth of planned LNG export terminals.
Browse Report with Full TOC at: http://www.transparencymarketresearch.com/planned-lng-market.html
Major players operating in the planned LNG market include Shell Plc, LNG Croatia LLC, Chevron Corporation, Petrobras, Southern Union Company, Corpus Christi Liquefaction, LLC, Freeport LNG Development, L.P., Sempra Energy, ConocoPhillips Co., Queensland Gas Co. Ltd, Inpex Corporation, Skangass AS, Emirates LNG LLC, Nippon Gas Co. Ltd., and Prometheus Energy Company.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
About Transparency Market Research
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR's syndicated reports strive to provide clients to serve their overall research requirement.