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LNG is gradually emerging as one of the most preferred fuels globally and is being used by numerous end-user industries. One of the major advantages of utilizing LNG as a fuel is its clean burning nature which significantly lowers emissions as compared to other fossil fuels. However, one of the major constraints of utilizing natural gas as a fuel is its efficient transportation from supply to demand centers. Currently, there is a distinct mismatch in the global natural gas scenario, with major producers exporting a bulk of their production and major consumers being heavily reliant on imports. In such a scenario, there is a rising need for LNG infrastructure across the world since transporting natural gas in liquefied form is often cheaper and most cost effective than constructing pipelines. Although large scale LNG terminals have been preferably constructed across the world till date, the emergence of small demand centers for natural gas within small geographies is gradually shifting the focus towards miniaturizing LNG infrastructure.

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Onshore Type Segment Dominated the Global Small Scale LNG Terminals Market

The two primary forms of LNG infrastructure are liquefaction terminals and regasification terminals. By a thumb rule, exporters of natural gas in the form of LNG generally require liquefaction infrastructure while importers require regasification infrastructure. With technological advancements, divergence of such liquefaction and regasification terminals on the basis of type has also been observed. Both these terminals can currently be located in both onshore as well as offshore areas. The market for offshore LNG infrastructure is mostly comprised of small scale vessels such as FSRUs and FSLUs. With rapidly growing LNG consumption, the logistical constraints of transporting natural gas from regasification terminals located at ports to distant inland demand centers are increasing rapidly. In numerous cases, it is also highly infeasible to construct inland pipelines for transporting natural gas. In such cases, small scale LNG terminals are expected to be the most preferred form of infrastructure that would be installed in order to increase the volume of natural gas consumption.

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LNG Bunkering Driving Capacity Additions for Small Scale Liquefaction Terminals

For this report, only terminals with tank sizes lesser than 200,000 cubic meters and throughputs lower than 300,000 tons per annum have been considered. The demand for small scale LNG terminals to be expected globally within the forecast period have been taken as a function of various factors such as natural gas production and consumption, presence of stranded gas assets, demand from the industrial and power generation sectors, and growth and emergence of small scale inland demand. The weightage of these factors was analyzed on a regional as well as country level in order to arrive at the possible capacity additions that can be expected in the small scale LNG market within the forecast period. According to our analysis, a strong growth would be observed in the small scale LNG liquefaction terminals market over the forecast period. With the LNG bunkering and surface transportation industries driving capacity additions for small scale liquefaction terminals, year-on-year capacity additions are likely to increase steadily until 2027. 

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Asia Pacific Region Likely to Grow at a Significant Pace during the Forecast Period

Regionally, Europe and Asia Pacific are likely to emerge as attractive markets for small scale LNG terminals within the forecast period. Countries such as China and Norway already have significantly developed small scale LNG infrastructure. Adoption of LNG as a fuel, especially by the heavy duty vehicles segment is expected to be a major driver for small scale LNG terminal construction across numerous geographies within the forecast period. Highly environment-conscious Europe and North America are expected to lead in the global market for small scale LNG terminals that are to be utilized for LNG bunkering in the future. Numerous attractive business models by market incumbents are expected to be introduced in the future. The small scale LNG market might witness numerous M&A activities in the future with technological expertise and project management competence being critical USPs for market incumbents. Other market niches such as converting fossil fuel users to LNG fuel and natural gas powered drilling are also likely to generate strong demand for small scale LNG infrastructure within the forecast period. 

Global Small Scale LNG Terminals Market: Recent Developments

  • In January 2020, Houston-based Eagle LNG Partners LLC announced that the company has selected Matrix Service Inc for the EPC of a small-scale LNG liquefaction facility in Jacksonville, Florida. The facility is expected to have capacity of 1 MTA, and the project is valued around US$ 500 Mn. The facility would implement the IPSMR technology and liquefaction equipment technology of Chart Industries.
  • In April 2019, Novatek one of the Russia’s largest gas producer had started exporting LNG from its new small-scale LNG plant from port of Vysotsk in Baltic Sea. The newly build plant has a capacity of 660 KTA, and the plant has a 42,000 cubic meters LNG storage tank with an offloading berth capable of handling LNG carriers of up to 30,000 cubic meters capacity.

Small Scale LNG Terminals Market – Scope of the Report

Transparency Market Research’s recent report on the global small scale LNG terminals market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the global small scale LNG terminals market analyzes the market scenario for the period from 2018 to 2027, wherein 2018 is the base year. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.

This TMR study on the global small scale LNG terminals market also provides data on developments made by important players and stakeholders operating in the market, along with competition analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with market trends and restraints in the competition landscape section.

This study also discusses the underlying trends and the impact of various factors on the global small scale LNG terminals market along with their influence on evolution of the market

This study also offers Porter’s five forces analysis, value chain analysis, and regulatory scenario of the global small scale LNG terminals market, in order to elaborate crucial growth strategies of and opportunities for players operating in the market

Key Questions Answered in Global Small Scale LNG Terminals Market Report

  • How much capacity does the global small scale LNG terminals market is expected to reach by the end of the forecast period?
  • Which region currently account for the maximum share of the global small scale LNG terminals market?
  • What are the key factors expected to drive the global small scale LNG terminals market?
  • Which region is likely to be a lucrative market for small scale LNG terminals during the forecast period?
  • What are the essential strategies adopted by key players operating in the global small scale LNG terminals market to expand their geographical presence?
  • What are major advancements in the global small scale LNG terminals market?

This report answers these questions about the global small scale LNG terminals market, aiding major stakeholders and key players in making the right decisions and strategizing for growth of their business

Global Small Scale LNG Terminals Market: Research Methodology

This TMR report on the global small scale LNG terminals market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. The competition scenario of the global small scale LNG terminals market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and the current trends, researchers of the global small scale LNG terminals market arrived at predictions and estimations, and calculated the market forecast.

This report uses an analytical triangulation method to estimate the numbers of the global small scale LNG terminals market, by using both bottom-up and top-down approaches

This detailed assessment of the global small scale LNG terminals market, along with an overview of the market, is provided based on a careful examination of avenues related to the market. Analysts’ conclusions on how the global small scale LNG terminals market is set to expand are based on carefully vetted primary and secondary sources.

Global Small Scale LNG Terminals Market: Segmentation

This report on the global small scale LNG terminals market provides segmentation of the market based on technology, type, and region.

Technology

  • Liquefaction
  • Regasification

Type

  • Onshore
  • Offshore

Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

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Small Scale Lng Terminals Market

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