Press Release

Qatar LNG Market to Grow at a steady CAGR During Forecast Period

Growing industrialization & urbanization coupled with increasing number of power related projects to drive the growth of Qatar LNG market

According to TechSci Research report, Qatar LNG Market By Mode of Supply, By Application, By End Use, By Region, Competition, Forecast & Opportunities, 2025 the Qatar LNG market is expected to grow at a steady rate during the forecast period owing to the rising energy consumption, growing urban population, increasing demand of natural gas vehicles, accelerating economic growth, among others. Additionally, expansion of existing LNG terminals and growing demand for natural gas as an alternate fuel are major factors projected to propel the market during the coming years. However, insufficient pipeline infrastructure can hamper the growth of market during forecast period.

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The Qatar LNG market is segmented based on mode of supply, application, end use, region and company. Based on application, the market can be categorized into heating, process and power generation. The power generation segment is expected to dominate the market through 2025 attributable to the reduced amount of harmful environmental impacts, low fuel switching cost, as well as the decline in the prices, among others.

Qatar Liquefied Gas Company Limited, RasGas Company Limited, Nakilat, Qatar Petroleum, Exxon Mobil Corporation and others are some of the leading players operating in Qatar LNG market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“Qatar LNG market is expected to witness significant growth through 2025 owing to the growing demand for natural gas and increasing disposable income of consumers in the country. Additionally, growing adoption of natural gas in various downstream industries due to concerns associated with poor air quality, coupled with booming downstream infrastructural developments, increasing capital investments in oil & gas exploration and production activities, and favorable policy environment is anticipated to further propel the market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Qatar LNG Market By Mode of Supply, By Application, By End Use, By Region, Competition, Forecast & Opportunities, 2025 has evaluated the future growth potential of Qatar 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 Qatar LNG market.

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