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Large Scale LNG Terminals Market Size (2024 - 2029)

The Large-Scale LNG Terminals Market is experiencing a recovery to pre-pandemic levels, driven by the demand for cleaner fuels like natural gas, which helps reduce air pollution and related health issues. The market's expansion is influenced by the needs of power, fertilizers, city gas distribution networks, and refineries. Despite challenges such as fluctuating natural gas prices and supply imbalances, which pose risks to terminal construction, opportunities exist for LNG terminal companies due to regional dependencies. The Asia-Pacific region leads the market, featuring significant liquefaction and regasification terminal capacities in countries like Australia, Indonesia, Malaysia, Japan, South Korea, China, and India.

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Market Size of Large Scale LNG Terminals Industry

Large Scale LNG Terminals Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
CAGR > 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Large Scale LNG Terminals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Large Scale LNG Terminals Market Analysis

The Large-Scale LNG Terminals Market is expected to record a CAGR of approximately 5% during the forecast period.

The market was negatively impacted by COVID-19. Presently the market has now reached pre-pandemic levels.

  • Natural gas is a cleaner fuel than crude oil, helps to reduce air pollution, and thereby helps in reducing air-spread diseases that get spread through multiple toxic macro particles. On the other hand, trading takes place on the ground of requirements. The power, fertilizers, city gas distribution networks, and refineries majorly drive the liquefied natural gas market within a country.
  • However, fluctuating natural gas price increases the risk associated with large-scale LNG terminal construction and, therefore, is expected to hinder the market's growth.
  • The supply imbalance in the region would result in increased dependency on the other regions, which is expected to create an opportunity for the LNG terminal companies.
  • The Asia-Pacific is dominating the large-scale LNG terminals market with the presence of both liquefaction and regasification terminals. Australia, Indonesia, and Malaysia have the highest capacity liquefaction terminals, while Japan, South Korea, China, and India have the highest capacity infrastructure for the regasification of LNG.

Large Scale LNG Terminals Industry Segmentation

Liquefied Natural Gas (LNG) terminals are specially designed port terminals intended to load-store, and unload natural gas to various LNG Carrier ships. In other terms, the terminals are used extensively while importing and exporting LNG to multiple destinations around the world. Large-scale LNG terminals include terminals that have a capacity of more than 2 Metric Million Metric Tons Per Annum (MMTPA).

The Large-Scale LNG Terminal Market is segmented into the location of deployment, operation, and geography. By location of deployment, the market is segmented into onshore and offshore. By operation, the market is segmented into liquefaction and regasification. The report also covers the market size and forecasts for the large-scale LNG terminal market across the major regions. For each segment, the market sizing and forecasts is based on the revenue (USD Billion).

Location of Deployment
Onshore
Offshore
Operation
Liquefaction
Regasification
Geography
North America
Asia-Pacific
Europe
South America
Middle East & Africa
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Large Scale LNG Terminals Market Size Summary

The Large-Scale LNG Terminals Market is poised for steady growth, driven by the increasing demand for natural gas as a cleaner energy source compared to crude oil. This demand is primarily fueled by sectors such as power generation, fertilizers, city gas distribution networks, and refineries. Despite the initial setbacks caused by the COVID-19 pandemic, the market has rebounded to pre-pandemic levels. However, challenges such as fluctuating natural gas prices pose risks to the construction of new terminals. The Asia-Pacific region leads the market, with significant liquefaction and regasification terminals in countries like Australia, Indonesia, Malaysia, Japan, South Korea, China, and India. These regions are expected to continue dominating the market due to their substantial infrastructure and growing import capacities.

In Europe, the LNG regasification terminals segment is anticipated to expand, supported by ongoing projects and increasing natural gas consumption. The region's reliance on LNG imports is expected to grow, with several new terminals under construction to enhance capacity. The market is characterized by fragmentation, with key players including TotalEnergies SE, Exxon Mobil Corporation, Shell PLC, Chevron Corporation, and BP PLC. Notable developments include Germany's first floating LNG terminal and China's expansion of its facility in Shanghai. These initiatives reflect the global shift towards securing LNG supplies and reducing dependency on traditional pipeline gas sources, particularly in the context of geopolitical tensions.

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Large Scale LNG Terminals Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 List of LNG Terminals by Capacity, and by Location, 2022

    3. 1.3 List of Upcoming Terminals by Capcity and Location

    4. 1.4 CAPEX Forecast for LNG Terminals Market in USD billion, till 2027

    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 Substitute Products and Services

      5. 1.9.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Location of Deployment

      1. 2.1.1 Onshore

      2. 2.1.2 Offshore

    2. 2.2 Operation

      1. 2.2.1 Liquefaction

      2. 2.2.2 Regasification

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Asia-Pacific

      3. 2.3.3 Europe

      4. 2.3.4 South America

      5. 2.3.5 Middle East & Africa

Large Scale LNG Terminals Market Size FAQs

The Large Scale LNG Terminals Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Exxon Mobil Corporation, TotalEnergies SE, Shell PLC, BP plc and Chevron Corporation are the major companies operating in the Large Scale LNG Terminals Market.

Large Scale LNG Terminals Market Report Snapshots

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