Planned LNG Market is expected to grow at a CAGR of 6.4% through 2030F
The global Planned LNG Market is
expected to be led by North America, driven by Declining Domestic Gas
Production in Key Regions and Investments in LNG Infrastructure during the
forecast period 2026-2030F
According to TechSci Research
report, “Planned LNG Market
- Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F, The Global Planned LNG Market was valued at USD 54.1
billion in 2024 and is expected to reach USD 79.2 billion by 2030 with a CAGR
of 6.4% through 2030. One major driver
is the rising industrialization and urbanization in developing economies,
particularly across Asia, Latin America, and Africa. These regions are
experiencing a surge in energy consumption, pushing governments to diversify
their energy sources and invest in LNG infrastructure as a stable and efficient
solution. Another significant factor is the decline in domestic natural gas
production in several regions, prompting countries to plan LNG import
facilities to meet their long-term energy requirements.
Moreover,
the increased affordability and long-term price competitiveness of LNG are
making it a more attractive fuel option for power generation and
transportation. Countries seeking to phase out coal-fired power plants are
turning to LNG for its lower carbon emissions and operational flexibility.
Additionally, geopolitical factors such as the Russia-Ukraine conflict have
disrupted pipeline gas supplies to Europe, further reinforcing the need for
planned LNG terminals and regasification units to ensure energy independence
and security. Finally, financial support from global institutions such as the
World Bank and the Asian Development Bank for LNG infrastructure in emerging
markets is helping overcome investment barriers, making LNG a key pillar in
global energy planning.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the "Global Planned LNG Market"
Based on Technology, Regasification segment
dominated the Planned LNG Market in 2024 and maintain its leadership throughout
the forecast period, Regasification is the process of converting liquefied
natural gas (LNG) back into its gaseous state so it can be distributed through
pipelines for residential, commercial, and industrial use. The rising demand
for cleaner and more efficient energy sources across both developed and
developing economies has significantly accelerated the development of new
regasification terminals. This demand is especially strong in regions with
limited domestic gas production or infrastructure but a growing appetite for
cleaner alternatives to coal and oil. Countries like India, China, Japan, and
several European nations are investing heavily in regasification infrastructure
to diversify energy imports and reduce dependence on pipeline gas, especially
in light of geopolitical tensions impacting traditional supply chains.
Moreover, regasification terminals are
more flexible and quicker to implement compared to liquefaction terminals. The
emergence of Floating Storage and Regasification Units (FSRUs) has
revolutionized the LNG import sector by offering cost-effective and mobile
regasification solutions. These units can be deployed in locations where
building land-based infrastructure is not feasible due to geographic or
economic constraints. As a result, developing economies and island nations have
increasingly adopted FSRUs to meet rising gas demand without the need for
massive infrastructure investments.
In addition, many governments are
prioritizing LNG regasification projects in their national energy plans to
ensure energy security and meet carbon neutrality goals. For instance, European
nations have accelerated the approval and construction of LNG regasification
terminals as a direct response to the disruption of Russian gas supplies. This
urgency to secure alternative energy sources has boosted both public and
private investment in regasification technologies. Several companies are now
entering long-term contracts and partnerships to set up or expand their
regasification capacities, further driving market dominance.
Furthermore, technological advancements
in regasification have improved operational efficiency and safety, making these
systems more reliable and appealing to investors. Innovations such as open-rack
vaporizers, submerged combustion vaporizers, and ambient air vaporizers are
making the regasification process more environmentally friendly and less
energy-intensive. This aligns with the global push for sustainable energy
infrastructure and positions regasification as a key technology in the planned
LNG market.
Asia Pacific is emerging as the
fastest-growing region for the Planned LNG Market, driven by a combination of
rising energy demand, industrialization, and the region’s strategic shift
toward cleaner fuel alternatives. Countries such as China, India, South Korea,
Japan, and emerging Southeast Asian nations are heavily investing in LNG infrastructure,
including regasification terminals, floating storage units, and pipeline
expansions, to meet their growing energy requirements while reducing their
reliance on coal and oil.
One of the key factors fueling this
growth is the region’s growing population and urbanization, which significantly
increases energy consumption, especially in residential, commercial, and
manufacturing sectors. In parallel, governments are increasingly focusing on
energy security and diversification, seeking to reduce dependency on pipeline
gas imports or unstable fuel sources. LNG serves as a viable solution due to
its cleaner-burning nature, ease of transport, and increasing availability in
the global market.
Moreover, policy support and
public-private partnerships are accelerating LNG infrastructure development.
For example, India’s "One Nation One Gas Grid" initiative and China’s
clean energy transition targets are creating favorable conditions for planned
LNG projects. The deployment of Floating Storage and Regasification Units
(FSRUs) in island and coastal regions has further enabled rapid market
penetration, especially in countries with limited onshore infrastructure.
With strong economic growth,
environmental targets, and increasing collaboration with global LNG suppliers,
Asia Pacific is well-positioned to remain the most dynamic and
fastest-expanding market for planned LNG projects in the foreseeable future.
Key market players in the Planned LNG
Market are: -
- ExxonMobil
- Royal Dutch Shell
- Qatar Petroleum
- Chevron Corporation
- TotalEnergies
- Cheniere Energy
- PetroChina
- Eni S.p.A.
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“The global Planned LNG market presents
significant opportunities driven by the growing demand for clean energy,
especially in emerging economies. Rising concerns over carbon emissions are
pushing countries to adopt LNG as a transitional fuel. Technological
advancements in floating LNG (FLNG) and regasification infrastructure offer
flexible and cost-effective deployment, enabling access to remote markets.
Additionally, supportive government policies, energy security goals, and
public-private partnerships are accelerating investment in LNG terminals and
storage facilities. Expanding LNG trade routes and strategic collaborations
between producing and consuming nations further enhance growth prospects,
making LNG a vital component of future global energy strategies.” said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
“Planned LNG Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By
Technology (Liquefaction, Regasification), By Application (Residential,
Commercial, Industrial), By Region, By Competition, 2020-2030F” has evaluated the future
growth potential of Planned LNG Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Planned LNG Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com