LNG Liquefaction Plants Segment Will Dominate the Qatar LNG Market in the Forecast Period
Rising
investments utility projects and growing demand of distributed power are the
major factors driving the Qatar market for the forecast period.
According to
TechSci Research report, “Qatar LNG Market - By Region, Competition,
Forecast & Opportunities, 2028”, Qatar LNG Market would grow as it is
driven by an increase in the demand for electricity generated from renewable
energy sources. An increased emphasis on distributed power & utility
projects is anticipated to support market growth over the forecast period 2024
- 2028. Due to the predicted rise in natural gas usage in the power generation
industry, there would be an increase in demand for liquefied natural gas (LNG)
in a number of different countries.
A number of LNG
projects and development plans are predicted to be announced in the upcoming
years, supported by the increasing LNG demand. This would open up a wide range
of prospects for market players across the African continent, resulting in the
development of a booming LNG business.
The Qatar LNG
Market is divided into LNG Infrastructure, Application, and Region. Based on
LNG Infrastructure, the market is segmented into LNG Liquefaction Plants, LNG
Regasification Facilities, and LNG Shipping. Based on Application, the market
is segmented Residential, Commercial & Industrial. The market is also
segmented by region Doha, Al Rayyan, Al Wakra, Umm Slal, Al Khor and Al
Thakhira, and Rest of Qatar.
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market data Figures spread through XX Pages and an in-depth TOC on "Qatar LNG Market.”
Based on Application, the
market is segmented into Residential, Commercial and Industrial. The Qatar LNG
market will expand as a result of factors such as residential uses for natural
gas including cooking, heating homes, and generating electricity. Additionally,
domestic uses for natural gas include heaters, ovens, and even boilers, all of
which fall under the residential category. Based on LNG Infrastructure,
the market is segmented into LNG Liquefaction Plants, LNG Regasification
Facilities, and LNG Shipping. Liquefaction Plants dominated the market in 2022,
in terms of operating LNG liquefaction capacity. Qatar, the United States,
Malaysia, Russia, Indonesia, and Algeria were next to Australia in LNG
Liquefaction Plants. Australia eclipsed Qatar as the market with the highest
capacity for liquefaction in 2019 and as the largest market in 2020. This
project would be the largest liquefied natural gas (LNG) project ever, in terms
of capacity. Additionally, the project would increase the nation's capacity to
produce LNG from 77 million tonnes yearly to 110 million tonnes. The project
also generates condensate, LPG, ethane, sulfur, and helium in addition to LNG.
One of the
biggest LNG exporters in the world is Qatar. In 2020, the nation shipped 106.1
billion cubic metres of LNG, accounting for 21.7% of the worldwide LNG export
market. In a close race, Australia's LNG shipments came in at 106.2 billion
cubic meters, making it the leading exporter by 2020. The US, with 61.4 billion
cubic meters, and Russia, with 40.4 billion cubic meters, took third and fourth
position, respectively. Since 2011, Qatar has been exporting more than 100
billion cubic metres of LNG annually.
Key market
players in the Qatar LNG Market include:
- Occidental
Petroleum Corporation
- DAKSHIN GROUP
WLL
- Anotech Energy
- Smith
International, Inc.
- Gas Exporting
Countries Forum (GECF)
- MPH Technical
Services
- Buzwair Holding
- Delta (Doha)
Corporation
- Qatar Petroleum
- Craig
International
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“During the
anticipated period, the Qatar LNG Market is anticipated to grow. Expanding LNG
ship numbers and increased demand for gas-powered electricity generation are
expected to fuel the Qatar LNG industry. Government initiatives to promote the
use of natural gas and lessen reliance on fossil fuels, increased use of LNG as
a transportation fuel, increased demand for products and services as a result
of economic expansion, and rising crude oil costs, are all significant factors
driving the market growth,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Qatar LNG
Market Segmented by LNG Infrastructure (LNG Liquefaction Plants, LNG
Regasification Facilities, and LNG Shipping), By Application (Residential,
Commercial & Industrial), By
Region, Competition, Forecast and Opportunities, 2028F,” has evaluated the
future growth potential of Qatar LNG Market and provides statistics and
information on market structure, size, share, and future growth. The report is
intended 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
present in the Qatar LNG Market.
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