Albany, NY, June 3, 2015 (GLOBE NEWSWIRE) -- According to this report, the global small scale LNG terminals market stood nearly at 42 MMTPA (Million Metric Tonne Per Annum) in 2013 and is expected to reach at 102 MMTPA by 2022 at a CAGR of 10.4% from 2014 to 2022.
LNG is gradually emerging as one of the most preferred fuels globally and is being used by numerous end-user industries. Although large scale LNG terminals have been preferably constructed across the world till date, the emergence of small demand centers for natural gas within small geographies is gradually shifting the focus towards miniaturizing LNG infrastructure. The two primary forms of LNG infrastructure are liquefaction terminals and regasification terminals. With technological advancements, divergence of such liquefaction and regasification terminals on the basis of type has also been observed. Both these terminals can currently be located in both onshore as well as offshore areas. For this report, only terminals with tank sizes lesser than 200,000 cubic meters and throughputs lower than 300,000 tons per annum have been considered.
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The demand for small scale LNG terminals is to be expected globally within the forecast period have been taken as a function of a variety of factors such as natural gas consumption, natural gas production, presence of stranded gas assets, demand from the industrial and power generation sectors, and growth and emergence of small scale inland demand centers. According to our analysis, a strong growth is expected to be observed in the small scale LNG liquefaction terminals market over the forecast period. With the LNG bunkering and surface transportation industries driving capacity additions for small scale liquefaction terminals, year-on-year capacity additions are likely to increase steadily until 2022. In terms of type, onshore liquefaction and regasification terminals are likely to remain the most popular type of small scale LNG infrastructure throughout the forecast period. Offshore infrastructure such as FSRUs and FSLUs are also likely to gain popularity towards the middle of the forecast period.
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Numerous attractive business models by market players are expected to be introduced in the future. The small scale LNG market might witness numerous M&A activities in the future with technological expertise and project management competence being critical USPs for market incumbents. Other market niches such as converting fossil fuel users to LNG fuel and natural gas powered drilling are also likely to generate strong demand for small scale LNG infrastructure within the forecast period. Emerging applications such as LNG bunkering and LNG refueling for heavy duty vehicles are expected to be major drivers for installations of small LNG infrastructure in the future. The presence of small stranded gas assets in offshore locations are expected to be major drivers for the construction of small scale offshore LNG liquefaction units. Growing consumption by the industrial and power generation sectors coupled with the emergence of small demand centers located near waterways is also likely to generate demand for floating regasification units. Overall, the investment outlook for the small scale LNG terminals market is positive globally with a slightly higher preference towards liquefaction terminal installations.
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The global market for small scale LNG terminals has been segmented as follows:
LNG Terminal Market: Type Analysis
Liquefaction Terminals, by type
Regasification Terminals, by type
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LNG Terminal Market: Regional Analysis
- Rest of North America
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East Africa
- Rest of Middle East and Africa
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