Liquefied Natural Gas (LNG) is natural gas which has been converted into liquid form from gaseous state. LNG takes up 600 times fewer spaces than natural gas present in gaseous state, and it is much easier to transport or store. Increasing focus on improvement and expanding gas pipeline infrastructure and escalating mandate for natural gas from oil and gas industry (downstream sectors) is an essential energetic factor for the industry growth.

Market Dynamics

Increasing urbanization, industrialization along with growing amount of power associated projects such as petrochemical and city gas distribution are some of the factors driving the growth of this market. However, inadequate pipeline infrastructure in under developed areas is expected to hamper growth of this market. Nevertheless, replacing coal in power generation and other industrialized applications are expected to boost growth of this market during years to come.

Market Classification

The market can be bifurcated on the basis of application and geography. By application, liquid natural gas market can be segmented into transportation fuel, power generation and mining & industrial. On the basis of geography, liquid natural gas market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market Participants

Some of the major players involved in Liquid Natural Gas Market include Chevron Corp., Exxon Mobil Corp, PetroChina Company Ltd., Total SA, Statoil, Eni S.p.A., BP plc, Royal Dutch Shell, Conoco Philips and CPCC among others.

Market Segmentation

Market By Application

• Transportation Fuel
• Power Generation
• Mining & Industrial

Market By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Chile
  • Rest of LATAM
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA