Natural gas is effectively becoming a major component of the global energy requirement. The world has studied the impact and utility of natural gas and found that Liquefied Natural Gas (LNG) may facilitate their need to reduce the share of coal & oil from their energy portfolio. The market for LNG has been growing at a fast pace for the past few years on the back of factors like, environmental concerns, high energy demand, government support, and huge investments. The world is witnessing a significant level of development in global LNG trade with imports and exports of LNG forming a vital part of countries’ relationships with each other. However, the negotiation over LNG prices has become a substantial issue for trading partners.
According to our new research report “Global LNG Market Analysis”, almost all countries are devising strategies to become self-sufficient in LNG and hence, they are trying to convert their conventional fuel based power plants into natural gas thermal plants. However, effective utilization of overall production capacity remains a major cause of concern for market players and public authorities.
In terms of consumption level, countries in the Asia-Pacific region are driving the overall LNG industry. The burgeoning demand for LNG in countries like, Japan, South Korea, China, and India is expected to result in the construction of more LNG receiving terminals during the next decade. Though Middle East countries have been supplying large amount of LNG to the world, countries like, Australia, Malaysia, and Indonesia have also significantly strengthened their role as LNG producers.
Our report covers every important aspect of the global LNG industry that thereby provides an extensive and objective analysis of the major developments and their impacts. The report investigates key trends of the industry and outlines future trends after inclusive study of various factors that play critical role in the development of market. Based on different market indicators, the report evaluates future outlook of the industry and provides valuable information regarding the LNG market.