Feb 27, 2020   SOURCE: PR NewsWire

Global LNG Infrastructure Market Outlook Report, 2020-2025

DUBLIN, Feb. 27, 2020 /PRNewswire/ -- The "LNG Infrastructure Market - Growth, Trends and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

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The LNG Gas flow is projected to grow at a CAGR of 5.8% during the forecast period.

The global LNG infrastructure market, following a continuous growth since 2016, is expected to grow during the forecast period as well. The global nominal liquefaction capacity increased by nearly 30 million tonnes per annum (MTPA) in 2018, as compared to 362 MTPA in 2017.

Regasification terminal, on the other hand, stood at around 824 MTPA capacity during the 2018 end. The regasification infrastructure increased by 22 MTPA, with the highest capacity addition by China.

The market drivers for LNG Infrastructure include the growing uses of natural gas in various sectors such as power, to have lower carbon emissions and the investments that the nations around the world are investing in having a cleaner environment. However, the alternative source of energy, such as nuclear energy production and renewable technology developments in various regions may act as a restraint for the market to grow during the forecast period.

The LNG Infrastructure Market is fragmented. The key players in the LNG infrastructure market include JGC Holdings Corporation, Chiyoda Corporation, Bechtel Corporation, Fluor Corporation, McDermott International, and Saipem.

Key Highlights

    --  Regasification LNG Terminals is expected to dominate the market and with
        the addition of upcoming LNG regasification terminals in China and
        India, Asia-Pacific is expected to remain the dominant market in the LNG
        infrastructure market.
    --  As per the Energy Information Administration (EIA), non-OECD Asian
        countries like China, India, Bangladesh, Thailand, and Vietnam are
        expected to consume 120 billion cubic feet per day (bcf/d) of natural
        gas by 2050, outpacing regional natural gas production by 50 bcf/d. The
        supply imbalance in the region is likely to result in increasing
        dependency on the other regions, which is expected to create an
        opportunity for the LNG infrastructure companies to penetrate into these
        markets.
    --  Asia-Pacific is expected to dominate the LNG infrastructure market with
        the presence of both liquefication and regasification terminals.
        Countries such as Australia, Indonesia, and Malaysia have the highest
        capacity liquefication terminals, while Japan, South Korea, China, and
        India have the highest capacity infrastructure for regasification of
        LNG.

Major Market Trends

Regasification LNG Terminals to Dominate the Market

    --  During 2018, regasification terminals accounted for highest market share
        in the LNG infrastructure market. Regasification terminals cover nearly
        67% of the total global LNG terminals capacity, with maximum terminal
        capacity terminals in Asia-Pacific. Regasification terminals are majorly
        built by the LNG importing countries. Asia-Pacific is the largest
        consumer of LNG in 2018 and has the highest capacity of LNG
        regasification terminals.
    --  In 2018, Japan, South Korea, China, and India dominated the region with
        a large capacity of LNG regasification terminals. With the addition of
        upcoming LNG regasification terminals in China and India, Asia-Pacific
        is expected to remain the dominant market in the LNG infrastructure
        market.
    --  The cost of LNG terminals varies depending upon the technology and
        location of deployment or installation. Generally, the capital
        expenditure of the LNG terminal normally costs around USD 180 million
        per million tonnes of LNG, while its operating cost varies from USD
        90,000-100,000 per day.
    --  Apart from Asia-Pacific LNG regasification terminals, the addition of
        Panama's first LNG regasification terminal (Costa Norte) in South
        America and Turkey's Dortyol LNG regasification terminal are the key LNG
        projects that got commissioned during 2018.

Asia-Pacific to Dominate the Market

    --  During 2018, the Asia-Pacific region dominated the LNG infrastructure
        market, with nearly 150 MTPA liquefication terminal and more than 450
        MTPA regasification terminals. Japan and Australia are the leading
        countries within the region, with 24% of the global regasification
        capacity, and 19% of the global liquefication capacity, respectively.
    --  The addition of Wheatstone LNG and Gorgon LNG in Australia are the
        prominent LNG infrastructure that was added up to the liquefication
        infrastructure during 2018. Moreover, the region has added five new LNG
        regasification terminals, including three in China, one in Japan and one
        in Bangladesh.
    --  BHP Billiton, BP, Chevron, Shell, Woodside, Mitsubishi, Mitsui, Qatar
        Petroleum, ExxonMobil, TOTAL, and Marubeni are the prominent
        liquefaction players in Asia-Pacific. At the same time, Tokyo Electric
        Power Company (TEPCO), Tokyo Gas, Toho Gas, Korea Gas Corporation
        (KOGAS), Petronet LNG, China National Oil Offshore Company (CNOOC), and
        Chubu Electric are the prominent players for regasification players in
        the region.

Key Topics Covered

1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW
4.1 Introduction
4.2 List of LNG Terminals by Capacity, and by Location
4.3 List of Upcoming Terminals by Capcity and Location
4.4 CAPEX Forecast for LNG Terminals Market, till 2025
4.5 Recent Trends and Developments
4.6 Government Policies and Regulations
4.7 Market Dynamics
4.7.1 Drivers
4.7.2 Restraints
4.8 Supply Chain Analysis

5 MARKET SEGMENTATION
5.1 Geography
5.1.1 North America
5.1.2 Asia-Pacific
5.1.3 Europe
5.1.4 South America
5.1.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 JGC Holdings Corporation
6.3.2 Chiyoda Corporation
6.3.3 Bechtel Corporation
6.3.4 Fluor Corporation
6.3.5 McDermott International Inc.
6.3.6 Saipem S.p.A.
6.3.7 John Wood Group PLC
6.3.8 Vinci Construction
6.3.9 Royal Haskoning DHV
6.3.10 Technip FMC PLC

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/kg1zf5

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