Liquefied natural gas (LNG) is an invaluable fuel in emerging economies to fulfil their surging energy requirements. In 2019, there was a 13% increase in the global trade of LNG compared to the previous year. The LNG infrastructure comprises the entire value chain from production to consumption. Large LNG terminals are built to cater to the requirements of demand and supply centres. LNG can be transported via ships and terminals to locations unconnected to pipelines. Ships are the most economical and convenient option for LNG transportation between liquification and regasification plants.
For more insights into the Market, Get a Sample Copy of this Report: https://www.fairfieldmarketresearch.com/report/liquefied-natural-gas-lng-infrastructure-market/
Quicker Construction and Lower Costs Allow Smaller LNG Facilities to Thrive in Market
A greater focus on smaller LNG facilities coupled with skyrocketing energy requirements are fuelling the demand for LNG infrastructure. Key aspects involved in the liquefied natural gas infrastructure market are existing E&P activities, planned projects, adoption rate, crude and natural gas price volatility, refinery outputs, and offshore/onshore assets. Smaller LNG facilities are usually more profitable as capex is lower and the construction period is quicker as opposed to larger terminals. The liquified natural gas infrastructure market has borne witness to seismic change with ever-greater investments commonplace in small-scale LNG terminals. While export terminals of small LNG ventures are developed close to small distribution centres and gas fields, import terminals cater to natural gas needs of specific end users.
LNG Supply Glut Due to COVID-19 Froze Investments in LNG Infrastructure Market
One of the major restraints in the liquefied natural gas infrastructure market is the high CAPEX and OPEX cost of large-scale LNG terminals. Furthermore, a decline in price of natural gas and crude oil has led to lower investments in O&G initiatives. Last but certainly not the least is COVID-19 and the US-China trade wars. The latter caused considerable strain on global demand-supply as dozens of LNG export terminals faced a supply glut restricting appetite for additional investment in the liquefied natural gas infrastructure market.
In Order to place the Purchase Query Click Here: firstname.lastname@example.org
Booming Economic Growth in APAC Directly Benefits LNG Infrastructure Market
The APAC region recently raced ahead of Europe to become the top export destination for LNG with a 67% increase in 2020 compared to the previous year. This is largely due to enviable growth rates on the continent with China and India spearheading the charge. There are five LNG import terminals in the planning stage in Australia with only one currently in the site preparation phase. Other states are moving rapidly to mitigate the mismatch between demand and supply on Australia’s east coast and it is expected that the situation will improve by 2028. Across the Pacific, large-scale LNG terminals in North America are supply driven with the US possessing 110 active LNG terminals. The American shale boom has transformed the US natural gas market and made the country the fourth largest exporter of the resource trailing only Qatar, Australia, and Russia.
Companies analysed in this report on the liquefied natural gas infrastructure market are BHP Billiton, Exxon Mobil Corporation, Linde AG, Total SA, Chevron Corporation, Royal Dutch Shell, bp p.l.c., ROSNEFT, Petroliam Nasional Berhad (PETRONAS), ConocoPhillips Company, and Santos Ltd.
Browse Our Latest Reports: https://www.fairfieldmarketresearch.com/shop/
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.