About LNG Terminal
An LNG terminal is a liquified natural gas terminal that is used for managing the import or export of liquified natural gas. Their main function is receiving the liquified natural gas, temporarily storing it, and converting its odor. There are a wide range of advantages, including increased accessibility, storage benefits, cost-effective transportation, and many more. As the world transitions away from fossil fuels, natural gas is seen as a bridge fuel that can help meet energy needs in the short term. This is likely to continue to support the growth of the LNG terminal market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly competitive with the active presence of dominant players. the LNG terminal market is characterized by robust growth, regional diversification, technological innovation, and a competitive landscape dominated by major energy companies. Regulatory frameworks, geopolitical factors, and market dynamics continue to shape the evolution of the LNG terminal market globally. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Shell plc (United Kingdom), ECOnnect Energy (Norway), Linde plc (Ireland), Bechtel Corporation (United States), Exxon Mobil Corporation (United States), Technip Energies N.V. (France), McDermott (United States), Samsung Engineering (South Korea), JGC HOLDINGS CORPORATION (Japan), Cheniere Energy, Inc (United States), TotalEnergies (France), Chevron Corporation (United States), Petronet LNG Limited (India), Dharma LNG Terminal Private limited (India), New Fortress Energy (United States) and AG&P LNG (United Arab Emirates) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global LNG Terminal market by and Region.
On the basis of geography, the market of LNG Terminal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Jetty will boost the LNG Terminal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by LNG Tanks, the sub-segment i.e. Single Containment Tank will boost the LNG Terminal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Type, the sub-segment i.e. Onshore LNG Terminal will boost the LNG Terminal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Stages, the sub-segment i.e. Receiving And Unloading will boost the LNG Terminal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased adoption of small-scale LNG terminals
Market Growth Drivers:
Growing need for energy security and Increasing demand for natural gas
Challenges:
Adherence to regulatory guidelines on LNG Terminals and Ports that handle LNG are politically unpopular because of the perceived danger that an LNG spill could cause a large explosion and fire.
Restraints:
The risk of adverse environmental consequences associated with LNG terminals and Building LNG terminals requires highly initial investment
Opportunities:
Technological advancements in LNG liquefaction, storage, and transportation and Growing need for investment in LNG infrastructure, including terminals, liquefaction plants
Market Leaders and their expansionary development strategies
In January 2024, US investment company Nebula Energy has acquired a majority stake in AG&P LNG, a company specialising in LNG terminals and downstream infrastructure. The acquisition aimed to fast tracking development of LNG terminals across emerging market.
In March 2024, New Fortress Energy, Inc. has launched liquefied natural gas terminal in Santa Catarina, Brazil. NFE’s Terminal Gas Sul is an offshore LNG import terminal with a capacity of approximately six million metric tons per annum (mtpa) and maximum send-out of 500 million standard cubic feet per day (MMscfd).
Key Target Audience
Supplier, Manufacturer, End users’ industry, Research Organization, Government Regulatory and Venture Capitalists and Private Equity Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.