Liquefied natural gas (LNG) is a natural gas converted into liquid form for ease of transportation and storage. LNG takes about 1/600th of volume of natural gas. It is colorless, odorless, non-toxic and non-corrosive in nature. Liquefaction is carried out by cooling natural gas to -1620 C (- 2620 F), followed by the removal of certain components such as acid gases, impurities and dust. Thereafter, LNG is stored in cylindrical shaped and domed roof cryogenic tanks. This prevents LNG from vaporization. Generally, cryogenic tanks are made up of materials such as concrete, steel and nickel. These tanks are well insulated and kept at a very low pressure. Large underground tanks are also utilized for storage; smaller quantities of LNG are stored above the ground in vertical or horizontal tanks.
End-user segment in the LNG market comprises industrial, electric power and other sector applications such as transportation and commercial. Industrial sector is expected to be the most dominating sector in terms of demand for LNG. Various industries such as chemicals, fertilizers and steel utilize high quantities of LNG as operational fuel. Industrial processes consume huge quantities of distillate fuels. Transition to LNG from conventional fuels can help industries save significant capital. Various equipment such as drilling equipment, industrial boilers and mining equipment utilize high quantities of LNG due to large number of benefits it offers such as low cost and no emissions.
Demand for LNG is high in the electric power sector due to less cost and favorable heat rate. This makes LNG a preferred fuel. Various government policies make it mandatory to use LNG in the industrial sector in order to reduce greenhouse gas emissions. LNG-based electric power plants effectively and efficiently support high load during peak hours. LNG is the preferred fuel for small-scale captive power plants that are specially designed for in-house power generation and these small scale power plants can easily support load up to 100 MW. Industries located in remote areas can operate easily by installing captive power plants using LNG as fuel.
Other sectors such as transportation and commercial utilize LNG due to high variation in prices of fuel such as diesel and petrol. Vehicle emission norm is the major factor that propels the use of LNG in the transportation sector. Countries such as France and Spain use LNG in order to reduce dependence on oil import and prevent atmosphere from being polluted through combustion of traditional fuels. Conventional fuels such as diesel and petrol emit high amount of COx on combustion. This raises the overall carbon footprint. However, LNG is comparatively cleaner and emits less COx and SOx. LNG has 85% lesser volatile organic content than diesel. On combustion, it produces 70% lesser COx and NOx as compared to conventional fuels.
Asia Pacific dominated the global LNG market in terms of volume due to high demand from Japan, South Korea and Taiwan. Emerging economies such as India and China import large quantities of LNG as domestic gas production is not enough to cater to the domestic needs of these countries. Europe is also expected to be a booming market for LNG as countries such as Spain, the U.K and France are importing high quantities of LNG. Rest of the World (RoW) is anticipated to witness a moderate growth rate as large number of gas reserves exist in the Middle East.
Apache Corporation, BG Group Plc, Cheniere Energy Inc, ConocoPhillips, Dominion Resources Inc, Kinder Morgan Inc, Qatar Petroleum, Sempra Energy, Veresen Inc and Woodside Petroleum Ltd are likely to dominate the liquefied natural gas market in the coming future.
1. Preface
1.1. Report Description
1.2. Research Scope
1.3. Market Segmentation
1.4. Research Methodology
2. Executive Summary
3. Liquefied Natural Gas Market - Industry Analysis
3.1. Introduction
3.2. Market Drivers
3.2.1. Excellent Clean Fuel in the Marine Industry
3.2.2. Stringent Environmental Regulations Coupled with Rising Demand for Cleaner Fuel in Transportation Sector
3.2.2.1. Global Vehicle Emission Norms
3.2.2.2. North America
3.2.2.2.1. U.S.
3.2.2.2.2. Canada
3.2.2.2.3. Mexico
3.2.2.3. South America
3.2.2.3.1. Argentina
3.2.2.3.2. Brazil
3.2.2.3.3. Costa Rica
3.2.2.3.4. Chile
3.2.2.4. EU Transport 2050 Strategy
3.2.2.5. Increase in LNG Applications in Africa
3.3. Market Restraints
3.3.1. Limited Awareness regarding benefits of LNG as a clean fuel
3.4. Market Opportunities
3.4.1. LNG for Power Generation
3.5. Value Chain Analysis
3.6. Porter’s Five Forces Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat from Substitutes
3.6.4. Threat of New Entrants
3.6.5. Degree of Competition
3.7. Market Attractive Analysis
4. LNG Market - End-User Analysis
4.1. LNG Market: End-User Overview
4.1.1. Global LNG Market Volume Share, by End-User, 2012 & 2019
4.2. Industrial
4.2.1. Global Industrial LNG Market, Volume & Revenue, 2012-2019 (Bcf) (USD Million)
4.3. Electric Power
4.3.1. Global LNG in Electric Power, Market Volume & Revenue, 2012-2019 (Bcf) (USD Million)
4.4. Others
4.4.1. Global Others LNG Market, Volume & Revenue, 2012-2019 (Bcf) (USD Million)
5. LNG Market: Regional Analysis
5.1. Global LNG market: Regional analysis
5.1.1. Global LNG Market Volume Share, by Geography, 2012 & 2019
5.2. Asia-Pacific 42
5.2.1. Asia-Pacific LNG Market Estimates and Forecasts, 2012-2019 (Bcf) (USD Million)
5.2.2. Asia-Pacific LNG Market Volume, by End-User, 2012-2019 (Bcf)
5.3. Europe
5.3.1. Europe LNG Market Estimates and Forecasts, 2012-2019 (Bcf) (USD Million)
5.3.2. Europe LNG Market Volume, by End-User, 2012-2019 (Bcf)
5.4. Rest of the World (RoW)
5.4.1. RoW LNG Market Estimates and Forecast, 2012-2019 (Bcf) (USD Million)
5.4.2. RoW LNG Market Volume, by End-User, 2012-2019 (Bcf)
6. Company Profiles
6.1. Apache Corporation
6.1.1. Company overview
6.1.2. Financial overview
6.1.3. Business strategy
6.1.4. SWOT Analysis
6.1.5. Recent developments
6.2. BG Group plc
6.2.1. Company overview
6.2.2. Financial overview
6.2.3. Business strategy
6.2.4. SWOT Analysis
6.2.5. Recent developments
6.3. Cheniere Energy, Inc.
6.3.1. Company Overview
6.3.2. Financial Overview
6.3.3. Business Strategy
6.3.4. SWOT Analysis
6.3.5. Recent developments
6.4. ConocoPhillips
6.4.1. Company Overview
6.4.2. Financial Overview
6.4.3. Business Strategy
6.4.4. SWOT analysis
6.4.5. Recent developments
6.5. Dominion Resources, Inc.
6.5.1. Company Overview
6.5.2. Financial Overview
6.5.3. Business Strategy
6.5.4. SWOT Analysis
6.5.5. Recent Developments
6.6. Kinder Morgan, Inc.
6.6.1. Company Overview
6.6.2. Financial Overview
6.6.3. Business Strategy
6.6.4. SWOT Analysis
6.6.5. Recent Developments
6.7. Qatar Petroleum
6.7.1. Company Overview
6.7.2. Financial Overview
6.7.3. Business Strategy
6.7.4. SWOT analysis
6.7.5. Recent developments
6.8. Sempra Energy
6.8.1. Company Overview
6.8.2. Financial Overview
6.8.3. Business Strategy
6.8.4. SWOT analysis
6.8.5. Recent developments
6.9. Veresen Inc.
6.9.1. Company Overview
6.9.2. Financial Overview
6.9.3. Business Strategy
6.9.4. SWOT analysis
6.9.5. Recent developments
6.10. Woodside Petroleum Ltd.
6.10.1. Company Overview
6.10.2. Financial Overview
6.10.3. Business Strategy
6.10.4. SWOT analysis
6.10.5. Recent developments
List of Tables
TABLE 1: Global LNG Market Snapshot, 2012 & 2019
TABLE 1: Drivers of the global LNG market: Impact Analysis
TABLE 2: Argentina Emission Limits
TABLE 3: Brazil emission limits from cars
TABLE 4: Costa Rica Emission Limits for Vehicles < 1800 kg
TABLE 5: Chile Emission Limits on Passenger Cars
TABLE 6: Restraints of the global LNG market: Impact Analysis
TABLE 7: Asia-Pacific LNG Market Volume, by End-User, 2012-2019 (Bcf)
TABLE 8: Asia-Pacific LNG Market Revenue, by End-User, 2012-2019 (USD Million)
TABLE 9: Europe LNG Market Volume, by End-User, 2012-2019 (Bcf)
TABLE 10: Europe LNG Market Revenue, by End-User, 2012-2019 (USD Million)
TABLE 11: RoW LNG Market Volume, by End-User, 2012-2019 (Bcf)
TABLE 12: RoW LNG Market Revenue, by End-User, 2012-2019 (USD Million)
List of Figures
FIG. 1: LNG Market, 2013-2019
FIG. 2: Global LNG Market, 2012-2019 (Bcf) (USD Million)
FIG. 3: Limit of SOx & Particulate Matter Emissions Inside an ECA-Established Region
FIG. 4: U.S. Fuel Costs (USD/Ton), 2012
FIG. 5: LNG Demand in Transportation (Metric Tons), 2008-2010
FIG. 6: Calorific Values of Various Fuels (kcal/kg)
FIG. 7: Value Chain Analysis of Liquefied Natural Gas
FIG. 8: Porter’s Five Forces Analysis
FIG. 9: LNG market attractiveness, by end user, 2012
FIG. 10: Global LNG Market Volume Share, by End-User, 2012 & 2019
FIG. 11: Global Industrial LNG Market, Volume & Revenue, 2012-2019, (Bcf) (USD Million)
FIG. 12: Global LNG in Electric Power Market, Volume & Revenue, 2012-2019, (Bcf) (USD Million)
FIG. 13: Global Others LNG Market, Volume & Revenue, 2012-2019, (Bcf) (USD Million)
FIG. 14: Global LNG Market Volume Share, by Geography, 2012 & 2019
FIG. 15: Asia-Pacific LNG Market Estimates and Forecasts, 2012-2019 (Bcf) (USD Million)
FIG. 16: Europe LNG Market Estimates and Forecasts, 2012-2019 (Bcf) (USD Million)
FIG. 17: RoW LNG Market Estimates and Forecast, 2012-2019 (Bcf) (USD Million)
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Liquefied Natural Gas Market
