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Depleting Fossil Fuels Drives Global Large Scale LNG Terminal Market

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Published on : Apr 29, 2020

Due to depletion of fossil fuels and the sheer need to switch to some renewable energy form, demand for Liquefied Natural Gas (LNG) is increasing by each passing day. LNG is formed from organic materials such as algae and plankton. It is considered as the cleanest fossil fuel. On combustion, the natural gas primarily emits small amount of carbon dioxide (CO2) and water vapor. The amount of CO2 emitted due to combustion of LNG is 30 to 50% lower when compared to other fossil fuels. To meet the LNG requirement across the globe, storage and transportation of the same is required. And for that, liquefied natural gas terminal is required. Increasing demand for LNG export and import is enhancing global large scale LNG terminals market.

The newly added report titled “Global Large Scale LNG Terminals Market Insights, Forecast to 2025” to the RMoz repository has covered several aspects that will influence global large scale LNG terminals market in coming years. It provides valuable insights of growth trends and prospective opportunities that will influence the global large scale LNG terminals market during the forecast period. In addition, the report looks into geographical distribution and competitive landscape of the global large scale LNG terminals market. Overall market size and revenue projections are some key features of this report.

The preparation of the report involved an extensive research phase. Analysts reached out to engineers and researchers to understand chief factors governing the demand witnessed in large scale LNG terminals market. Apart from this, research analysts carried out first hand interviews with industry leaders and prominent opinion makers for their viewpoint on how LNG terminals market is likely to shape up in the coming years. Also, they have taken major changes into consideration, which is going to shape the global large scale LNG terminals market in the forecast period. The base year considered for the report is 2017, while the forecast period is 2018 to 2025.

Composed of 118 pages, the large scale LNG terminals market report is presented in a chapter-wise format. The report includes an exhaustive array of graphs and pictorial representations to depict growth trends pictorially.

Need for Long distance Transport of LNG fuels Growth

LNG is a clean and renewable combustible fuel, hence, it is in high demand across the globe. Pipelines is one way to transport the gas, but it is only feasible only for short distance. To transport it over long distance, special insulated tankers are required. This is the major factor influencing the global large scale LNG terminals market.

The global large scale LNG terminals market is predicted to register major growth owing to the surge in the demand for LNG around the world.  The rise in the requirement for development of LNG in large scale will enhance global large scale LNG terminals market.

Besides, long-haul vehicle fleet users have started following a trend of preferring LNG over any other fuel. LNG has come out as an economical alternative fuel, and this in turn is paving the way for new opportunities in the global large scale LNG terminals market.

On other side, due to low infrastructural development across developing nations has resulted in less or inadequate demand from end users. This can be registered as one of the restraining factors in the global large scale LNG terminals market.

Further, global large scale LNG terminals market is segmented based on end user, technology and geography. On the basis of technology, it is classified as regasification and liquefaction. Regasification is further categorized into offshore and onshore; and same goes for liquefaction. It is also categorized as offshore and onshore.

Request a Sample PDF copy with detailed Insights: https://www.researchmoz.us/enquiry.php?type=S&repid=2638901

On the basis of end user, the market is bifurcated into industrial, commercial and residential. The global large scale LNG terminals market is analyzed across Asia- Pacific, North America, Europe, and LAMEA.

The global large scale LNG terminals market is a fragmented one as it comprises both international and regional competitors. The market is dominated by Chevron Corporation, Cameron LNG, Exxon-Mobil Corporation, Royal Dutch Shell Plc, PETRONAS, Gazprom, BP, Santos Limited, Linde AG, and, Santos Limited.                                                                                        

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