“U.S. Department of Energy (DOE) announced a final rule that will provide for faster approval of applications for small-scale exports of natural gas, including liquefied natural gas (LNG), from U.S. export facilities. The finalization of this rule will expedite the permitting of certain small-scale exports of natural gas. The so-called 'small-scale rule' will further unleash American energy by reducing the regulatory burden on American businesses while also providing significant benefits to our trading partners in the Caribbean, Central America, and South America. Under the Natural Gas Act, DOE has jurisdiction over imports and exports of natural gas. This deregulatory measure expedites the review and approval of applications to export small amounts of natural gas in the emerging small-scale LNG export market.”
The article cited AMA's "Global Small Scale LNG Market Study" explored substantial growth of 6.8%. According to the report, Emphasizing On Development of Small- And Mid-Scale LNG Terminals.
is one of the primary growth factors for the market. Increasing Governmental Initiatives to Develop Alternative Energy Supply.
is also expected to contribute significantly to the Small Scale LNG market. Overall, Heavy-Duty Vehicles
applications of Small Scale LNG, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Infrastructure , such as Truck Fuelling Stations, is boosting the Small Scale LNG market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Modes of Supply , such as Trucks, is boosting the Small Scale LNG market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Small Scale LNG market identified that the demand is rising in many different parts of the world as "Increasing Demand for Small Scale LNG from Developing Economies.
". Furthermore, some recent industry insights like "2018, engaged in delivering environmentally-friendly energy resources received a contract of power generation for Peru’s first small-scale natural gas liquefaction (ssLNG) facility." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Small Scale LNG market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Small Scale LNG market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Small Scale LNG market size is calculated using market estimation process, the Small Scale LNG market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Small Scale LNG market size has been validated using both top-down and bottom-up approaches.