Energy Research Report: Small Scale LNG Terminals Growth

Showing posts with label Small Scale LNG Terminals Growth. Show all posts

Thursday, 15 September 2016

Demand For Small-Scale LNG Onshore Liquefaction Terminals will Shift to High Gear, States TMR

The small scale LNG terminals market is poised to be proliferated by top hydrocarbon companies. In addition, a number of bunkering companies such as Skangass AS, etc. have also been actively investing in this market. Top upstream companies such as Royal Dutch Shell plc. coupled with energy infrastructure development players are taking efforts for the construction of small-scale LNG terminals in the coming years. Furthermore, large players having physical assets are gaining more advantage in the market as compared to those lacking the same, Transparency Market Research (TMR) finds in the new study.

The global small scale LNG terminals market was valued at 50.47 MMTPA in 2015 and is predicted to touch 102.44 MMTPA by 2022. In terms of type, primary development is being witnessed by the segment of onshore only. However, owing to the increasing deployment of a number of small gas fields by numerous hydrocarbon companies, the offshore segments may also gain demand in the coming years.

Small-Scale Onshore Liquefaction Terminals to Gain Huge Demand

The small-scale onshore liquefaction terminals led the market in the past, however this segment is expected to lose a small amount of its share by 2022. Nevertheless, this segment will gain the maximum demand all through the forecast period. This is owing to the increasing deployment of these terminals in the supply of LNG bunkering facilities and urban transportation networks. On the other hand, the segment of offshore small-scale regasification terminals has gained immense impetus in 2015 and is predicted to take a share of 9.70% by 2022.

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Asia Pacific is poised to gain a dominant share in the market for small scale LNG terminals by 2022 and will be trailed by North America, constituting the second-largest share in the market. Asia Pacific is predicted to touch 24.42 MMTPA by 2022. On the other hand, a meagre market share will be taken by both the Middle East and Africa and South America regions.

Increasing Requirement for Natural Gas to Fuel Demand for Small Scale LNG Terminals

There is an increasing demand for LNG owing to eco-friendly nature of natural gas in comparison with other fossil fuel sources. This will fuel the growth of the overall small scale LNG terminals market. “The rising investments in the manufacturing of small gas fields will also provide impetus to the growth of this market,” says a TMR analyst. Hence, a number of owners of large long haul vehicle fleet have adopted LNG as a substitute fuel source, thus boosting the growth of the overall small scale LNF terminals.

On the other hand, factors such as absence of continuous demand from end-use segments and issues in infrastructure development may impede the growth of the overall market. In addition, the count of companies involved in the small scale LNG terminals’ construction is low, thus posing a negative impact on the development of this market, states a TMR analyst. Furthermore, the demand for LNG in the segment of land transit, particularly trucks, is wavering in Asia Pacific, which is a key LNG importer globally. This will also negatively impact the development of the overall small scale LNG terminals market in the coming years.

Nevertheless, , the concept of small-scale LNG terminals has come up as an apt solution in order to make natural gas easily available to a number of end-use segments, which aren’t presently joint to pipeline networks. This has emerged as a key opportunity in the overall market.

The small scale LNG terminals market is segmented as follows:

Type

Liquefaction Terminals, type

Onshore
Offshore

Regasification Terminals, type

Onshore
Offshore

Tuesday, 14 June 2016

Global Small Scale LNG Market to Rise Twofold over 2014 and 2022 as Focus on Cleaner Fuels Increases Worldwide

The global small scale LNG market terminals has been examined in a market intelligence document recently published by Transparency Market Research. The report is titled “Small Scale LNG Terminals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022,” and is available on the company’s website for sale. The report states that the market will exhibit an impressive 10% CAGR and rise twofold over the period between 2014 and 2022, from nearly 42 million metric tonnes per annum (MMTPA) in 2013 to over 102 MMTPA in 2022.

The report gives an all-inclusive account of the major drivers, restraints, trends, and opportunities that the market offers and analyzes the impact of these factors on the growth prospects of the market over the said period.

The global small scale LNG terminals market has significantly benefitted from the rising global consumption of LNG in the past few years. Certain other factors have also indirectly helped the small scale LNG terminals market witness significant growth in the past years. These include the fluctuating prices of crude oil and the rising concerns regarding CO2 emissions from oil-based applications, which have prompted companies to devise better ways of reducing the overall reliance on oil-based fuels. LNG being a cleaner and abundant option, the world’s focus on making it a mainstream fuel hasled to the rapid development of LNG infrastructure across the globe.

The development of small scale LNG terminals, which are the more focused, smaller extraction centers, paves the way for lowering transportation costs – a major expense for LNG producers at present and one of the major challenges for the LNG industry. Massive LNG production terminals, similar to conventional oil rigs in the oil production industry, produce natural gas that needs to be transported from remote locations to urban centers for further distribution. Making production terminals smaller brings a drastic difference to the overall LNG distribution cycle, making it a viable choice in line with the global fuel consumption pattern.

The global small scale LNG terminal market has been examined from the point of view of two broad criteria so as to make results of the study easy for comprehension and application to business issues: Small scale LNG terminal types and geography.

On the basis of terminal type, the market has been segmented into liquefaction terminals and regasification terminals. Both the segments are further examined for onshore and offshore locations.

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On the basis of geography, the market has been segmented into Asia Pacific, North America, South America, Europe, and Middle East and Africa.

The report also gives a detailed overview of the competitive landscape of the global small scale LNG terminals market. Some of the most prominent vendors operating in the market profiled in the report are EcoEléctrica Inc., Nippon Gas Co., Ltd., Plum Energy, LLC, Santos Ltd, Linde AG, Petroliam Nasional Berhad (PETRONAS), Prometheus Energy Company, PT Donggi Senoro LNG, Emirates Liquefied Natural Gas (LNG) LLC, and Skangass AS.

The market is segmented as:

LNG Terminal Market: Type Analysis

Liquefaction Terminals, by type

Onshore
Offshore

Regasification Terminals, by type

Onshore
Offshore

LNG Terminal Market: Regional Analysis

North America

U.S.

Rest of North America

Europe

Norway
Sweden
Rest of Europe

Asia Pacific

China
Japan
Indonesia
Rest of Asia Pacific

South America

Brazil

Rest of South America

Middle East Africa

Qatar
Nigeria
Rest of Middle East and Africa

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Tuesday, 1 March 2016

Global Small Scale LNG Terminals Market to Expand at 10.0% CAGR Due to Rising Demand for LNG

The global small scale LNG terminals market is examined in a recent market research report published by Transparency Market Research. The report, titled “Small Scale LNG Terminals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022, states that the market, which had a valuation of 42 MMTPA in 2013, will expand at a 10.0% CAGR between 2014 and 2022, and reach 102 MMTPA by 2022.

The emergence of LNG as a highly preferred fuel gas for a number of applications in the past few years has led to the rapid development of the overall infrastructure of LNG. The rising global demand for LNG has significantly benefitted small scale LNG terminals. The constantly fluctuating supply of crude oil across the globe has led to the development of ways in which the issue can be dealt with. One of the most promising ways is the establishment of more focused, smaller extraction centers rather than the conventional large oil rigs prevalent across the global petroleum extraction scenario currently. This has significantly boosted the global market for small scale LNG terminals in the past few years.

Small scale LNG terminals help in reducing transportation costs, a major expense for LNG producers in the current scenario since the majority of LNG presently produced need to be transported from distant processing and packaging plants to urban utility centers. Small scale LNG terminals mitigate this issue, making them more cost effective than large-scale LNG extraction units.

LNG also comes across as a relatively clean-burning fuel, especially for long-haul vehicles. This has prompted many fuel service providers in adopting LNG as the fuel of choice on fuel stations. The relative ease of transporting and storing LNG also leads to its high demand, subsequently propelling the global small scale LNG terminals market.

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The report segments the market on the basis of type of terminals and geography.On the basis of type, the market is segmented into liquefaction terminals and regasification terminals. Both these segments are further categorized into onshore and offshore terminals. Of these, the market for small scale liquefaction terminals is expected to grow at the fastest pace over the report’s forecast period.On the basis of geography, the global small scale LNG terminals market is segmented into North America, South America, Asia Pacific, Middle East and Africa, and Europe.

The report also gives a comprehensive overview of the competitive landscape of the global small scale LNG terminals market. The report states that the market is presently marked by routine mergers and acquisitions and collaborations between major companies. The report presents detailed business profiles of some of the key companies operating in the market, with a SWOT analysis of these companies to elucidate the strengths, and weakness of these companies, and the threats and opportunities for them in the market. Companies profiled in the report include Skangass AS, Emirates LNG LLC, Nippon Gas Co. Ltd., Prometheus Energy Company, PETRONAS.