Liquefied Natural Gas (LNG): Worldwide Market Opportunity Assessment, 2019-2023 - ResearchAndMarkets.com

DUBLIN--()--The "Global Liquefied Natural Gas (LNG) Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The liquefied natural gas (LNG) market will register a CAGR of about 6% by 2023.

The increase in the global supply of coalbed methane, shale gas, and tight gas has made natural gas one of the fastest growing fossil fuels. Hence, the global oil and gas industry will experience a significant increase in the unconventional oil and gas resources.

With the growth in both domestic demand in the US and the production of natural gas, it is expected that more than half of the additional natural gas produced will be converted into LNG for export to the countries where domestic natural gas production is nil or insufficient to meet the demand.

The opportunities for the growth of natural gas production in Russia are primarily expected to be driven by the export of LNG as domestic demand has remained stagnant. Hence, the increase in natural gas production has led to a rise in the production of LNG which is likely to boost the growth of the global LNG market during the forecast period.

Growth in LNG liquefaction capacity

The factors such as the increase in offshore natural gas production and the increasing focus on reducing the costs of transporting natural gas by carrying out liquefaction are expected to lead to an increase in the number of new liquefaction capacities coming online during the forecast period, which will contribute to the growth of the global LNG market.

Fluctuations in global oil and gas prices

The steep price reductions impact the financials of companies involved in the upstream oil and gas sector and have a negative impact on their profit margins. Hence, the oil and gas sector has been unable to attract substantial investments, thus resulting in the loss of significant market potential. Hence, fluctuations in global crude oil prices affect the pricing of natural gas and thereby LNG, which is likely to pose a challenge to the growth of the global LNG market.

Competitive Landscape

The market appears to be fragmented with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Players

  • BP
  • Chevron
  • ExxonMobil
  • Qatargas Operating Company
  • Royal Dutch Shell

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY END-USER

  • Comparison by end-user
  • Power - Market size and forecast 2018-2023
  • Industry - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Growing demand for LNG bunkering
  • Growing use of FLNG vessels
  • Commoditization of LNG

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • BP
  • Chevron
  • ExxonMobil
  • Qatargas Operating Company
  • Royal Dutch Shell

For more information about this report visit https://www.researchandmarkets.com/research/bwlxct/liquefied_natural?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: LNG (Liquefied Natural Gas)

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: LNG (Liquefied Natural Gas)