Global LNG Industry to Gain from Abundant Resources in U.S. and Australia


Published Date : Nov 28, 2016

ALBANY, NY, Nov 28, 2016: The report offers a comprehensive reports of the current scenario in the global LNG industry and its growth prospects until the end of the forecast period. The report is titled “Global LNG Industry Outlook To 2020 - Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Terminals.” A detailed reports of the factors that are responsible to drive or hinder the market growth and future opportunities has been provided in this market intelligence study.

Natural gas is considered to be the cleanest burning hydrocarbon. With depleting energy resources and growing concerns about global warming, the usability of natural gas is gaining popularity. However, the location of consumers and production sites are often far away, which makes cool natural gas or liquefied natural gas (LNG) essential. The cooling of the natural gas down to -162 degree centigrade shrinks its volume by 600 times, which makes it easier for storage and safe for shipping.

This 351-page report provides details related to the assets of all active and planned LNG liquefaction and regasification terminals across the globe, dividing it by region and country. The information by terminal includes terminal name, operator name, and design LNG processing capacity for the duration of 2010 to 2020. Additionally, the report analyzes the planned or newly built LNG terminals and the concurrent capacity expansion, as announced by the companies.

The report provides capital expenditure outlook at the global as well as regional level, by year and by key country, till 2020. It also supplies information on LNG trade movements and global prices, as well as regional and country-wise comparison based on certain key parameters.

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The report finds that the U.S. has an abundant supply of natural gas, which can meet the consumption demands for several decades. As the demand for LNG surges across the world, the eleven facilities in the U.S. that are capable of exporting LNG are not sufficient. As a result, several projects are proposed to convert some facilities into liquefaction export facilities in the country. The report also observes that Australia is another prominent exporter of LNG. The country’s formidable capacity will soon intensify the competitive landscape in the global LNG market. It has been estimated that countries such as Qatar, Russia, Malaysia, and Indonesia will be negatively affected by this factor, while Japan and South Korea, among others, will benefit from it.

The regions explored in this report are Africa, Asia, Caribbean, Europe, the Middle East, North America, Oceania, and South Africa. For each of these regions, the overview of LNG terminals data, snapshot, country comparisons, new terminals and capacity expansion, recent developments, and tenders and contracts have been provided.

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