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LNG Terminal Market Size (2024 - 2029)

The LNG terminals market is anticipated to experience growth driven by increasing natural gas demand and its cost advantages. The market size is expected to expand, with the floating terminals segment emerging as the fastest-growing area due to the construction of new facilities, particularly in developing regions. As more countries integrate into the gas network, economies of scale are projected to enhance profitability. The Asia Pacific region is expected to lead in market share, with significant demand from China and South Korea.

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Market Size of LNG Terminal Industry

LNG Terminals - Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 5.90 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

LNG Terminals Market Analysis

The growth of global LNG receiving capacity, in 2018, was 22.8 MTPA, and, the size of the LNG receiving capacity, is expected to increase at a CAGR of approximately 5.9 % year on year, till 2025. The natural gas consumption grew by 5.3% in 2018 compared to the previous year. Therefore, factors such as increasing demand for natural gas coupled with its low-price characteristics, are expected to drive the market for LNG terminals during the forecast period. However, steep fall, after 2018, prices have caused concern on the supply side about the price going below the production cost.

  • The floating terminals market segment is expected to be the fastest-growing market as new facilities are being constructed around the globe, especially in developing economies, including but not limited to Kaliningrad LNG Terminal in Russia and Jaigarh LNG Terminal in India. They have become more attractive as they can be constructed at low cost and less time.
  • As more economies are joining in the gas network with Bangladesh and Panama becoming the newest members, in 2018. It is expected that the business will become more profitable with economies of scale, helping in increasing the profits, more so, after 2024.
  • The Asia Pacific region is expected to dominate the market, with the majority of the demand coming from countries such as China and South Korea.

LNG Terminals Industry Segmentation

The LNG terminal market report include:

Terminal Type
Onshore
Floating
Geography
North America
Asia-Pacific
Europe
South America
Middle-East and Africa
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LNG Terminal Market Size Summary

The LNG terminals market is poised for significant growth, driven by the increasing global demand for natural gas and its cost-effective nature. The market is expected to expand steadily, with the floating terminals segment emerging as the fastest-growing area due to the construction of new facilities, particularly in developing economies like Russia and India. These floating terminals offer a cost-effective and time-efficient solution for expanding natural gas infrastructure, making them an attractive option for countries looking to integrate into the global gas network. The Asia Pacific region is anticipated to dominate the market, with China and South Korea leading the demand surge. The region's growth is supported by the development of numerous terminals, particularly in China, which is set to significantly boost its LNG import capacity.

The market landscape is characterized by fragmentation, with key players such as Tokyo Gas Co Ltd, Petronet LNG Ltd, Royal Dutch Shell PLC, Samsung C&T Corporation, and CTCI Resources Engineering Inc. actively participating. The lower capital expenditure required for floating storage regasification units (FSRUs) compared to onshore facilities makes them a viable entry point for developing economies to harness natural gas as a clean energy source. However, onshore facilities are expected to offer better long-term profitability due to lower maintenance costs. As more countries, including Bangladesh and Panama, join the gas network, the market is expected to benefit from economies of scale, enhancing profitability and driving further expansion in the LNG terminal sector.

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LNG Terminal Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, 2025

    3. 1.3 Natural Gas Imports in Metric Tonne, by Major Countries, till 2025

    4. 1.4 Natural Gas Exports in Metric Tonne, Global, till 2025

    5. 1.5 Recent Trends and Developments

    6. 1.6 Government Policies and Regulations

    7. 1.7 Market Dynamics

      1. 1.7.1 Drivers

      2. 1.7.2 Restraints

    8. 1.8 Supply Chain Analysis

    9. 1.9 Porter's Five Forces Analysis

      1. 1.9.1 Bargaining Power of Suppliers

      2. 1.9.2 Bargaining Power of Consumers

      3. 1.9.3 Threat of New Entrants

      4. 1.9.4 Threat of Substitutes Products and Services

      5. 1.9.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Terminal Type

      1. 2.1.1 Onshore

      2. 2.1.2 Floating

    2. 2.2 Geography

      1. 2.2.1 North America

      2. 2.2.2 Asia-Pacific

      3. 2.2.3 Europe

      4. 2.2.4 South America

      5. 2.2.5 Middle-East and Africa

LNG Terminal Market Size FAQs

The LNG Terminal Market is projected to register a CAGR of 5.90% during the forecast period (2024-2029)

Tokyo Gas Co Ltd , Petronet LNG Ltd , Royal Dutch Shell PLC , Samsung C&T Corporation and CTCI Resources Engineering Inc. are the major companies operating in the LNG Terminal Market.

LNG Terminal Market Report Snapshots

LNG Terminals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)