Infinium Global Research has undertaken a new report on Global LNG Carriers Market: Trends Analysis and Forecast to 2023
The report presents analysis global as well as regional markets of
Agriculture drones over the period of 2015 to 2023 Moreover, the
IGR-Growth Matrix given in the report provides key focus areas and
investment areas the market players can focus on. The market size is
presented in terms of value for the historic year 2015 and estimated for
forecast period of 2017 to 2023.
Get 15% discount for early purchase of “Global LNG Carriers Market by region (North America, Europe, Asia Pacific, Latin America and RoW)” report on
Declining prices of natural gas means we
could witness a three way battle between coal, crude and natural gas
over becoming the choice of primary fuel. Although, not as cheap as coal
and crude oil, the natural gas is a clean fuel and fits the global
consensus of reducing the global carbon footprint. According to Exxon
Mobil, the demand for natural gas which is essentially methane is
expected to double by 2040, that is, more than for any other kind of
fuel. Moreover, EIA forecasts that natural gas is likely to become a
vital cog of future primary energy demand and is expected to account for
nearly 29% of total primary energy consumed in the U.S. The surge in
demand for natural gas is likely to have favorable impact on the
midstream segment of oil and gas industry as the produced gas would be
required to be shipped from production areas to the demand centers
across the world. Gas carriers or what we call LNG vessels are of the
prime choice while dealing with outbound gas transportation across
oceans, and can (demand) experience strong tailwinds.
A huge wave of upcoming LNG projects
across Oceania and North America will certainly augment the demand for
LNG Carriers. Shale gas boom in the U.S. has completely upturned the
natural gas supply scenario. The U.S. which used to be one of the
largest buyers of super chilled fuel is now converting its
re-gasification terminals into the exporting (Liquefaction) terminals.
Four LNG export terminals namely Corpus Christi, Cameron LNG Terminal,
Cove Point and Freeport with combined capacity of more than 6 Bcf/d are
under construction and are expected to be online before 2021. Once
completed, these projects will certainly boost the demand for LNG
carriers. Similarly several LNG projects are expected to come online
before 2020 in Australia, that will make country one of the largest LNG
producer across the globe. It is to be noted that there is a direct and a
close linkage between the demand for natural gas and LNG carriers. Thus
any factor enhancing demand or production of natural gas is bound to
augment the demand for gas carriers as well.
Major players in global LNG carriers
market include companies such as Samsung Heavy Industries, Daewoo
Shipbuilding & Marine Engineering Co., Ltd, Hyundai Heavy
Industries Co., Ltd., STX Offshore & Shipbuilding Co., Ltd., China
State Shipbuilding Corporation and others.
Reasons to buy this report
- Comprehensive analysis of global as well as regional markets of LNG carrier
- Complete coverage of all the product type and applications segments
to analyze the trends, developments, and forecast of market size up to
- Comprehensive analysis of the companies operating in this market.
The company profile includes analysis of product portfolio, revenue,
SWOT analysis and latest developments of the company.
- Infinium Global Research- Growth Matrix presents analysis of the
product segments and geographies that market players should focus to
invest, consolidate, expand and/or diversify.
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