Global Liquefied Natural Gas (LNG) Market is accounted for $43.68 billion in 2020 and is expected to reach $80.85 billion by 2028 growing at a CAGR of 8.0% during the forecast period. Rapid growth in pipeline infrastructures with favorable government regulations and increasing demand for natural gas (NG) from downstream industries are the major factors propelling the market growth.
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By geography, the Asia Pacific holds the largest share in the market. India is expected to remain an attractive location for exporters and manufacturers due to the upsurge in infrastructure development. Moreover, the projects have faced planning pressure and considerable cost, making them a challenge for the operators and developers due to the drastic decrease in LNG prices.
Some of the key players profiled in the Liquefied Natural Gas (LNG) Market include BP, Cheniere Energy, Chevron Corporation, China National Petroleum Corporation, China Petroleum & Chemical Corporation, ConocoPhillips Company, Eni SpA, Equinor ASA, Exxon Mobil Corporation, Gazprom, PetroChina Company Limited, Petroliam Nasional Berhad (PETRONAS), Petronet LNG Limited, Qatar Petroleum, Royal Dutch Shell, Sinopec Group, Snam SPA, Total, and Woodside Petroleum.
Products Covered in Liquefied Natural Gas (LNG) Market
• Atmospheric Pressure Chemical Ionization (APCI) Liquefaction Technology
• Cascade Liquefaction Technology
Applications Covered:
• Power Generation
• Transportation Fuel
• Mining and Industrial
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