Albany, NY, Aug. 22, 2016 (GLOBE NEWSWIRE) -- LNG is gradually emerging as one of the most preferred fuels globally and is being used by numerous end-user industries. One of the major advantages of utilizing LNG as a fuel is its clean burning nature which significantly lowers emissions as compared to other fossil fuels. However, one of the major constraints of utilizing natural gas as a fuel is its efficient transportation from supply to demand centers. Currently, there is a distinct mismatch in the global natural gas scenario, with major producers exporting a bulk of their production and major consumers being heavily reliant on imports. In such a scenario, there is a rising need for LNG infrastructure across the world since transporting natural gas in liquefied form is often cheaper and most cost effective than constructing pipelines.
The two primary forms of LNG infrastructure are liquefaction terminals and regasification terminals. By a thumb rule, exporters of natural gas in the form of LNG generally require liquefaction infrastructure while importers require regasification infrastructure. With technological advancements, divergence of such liquefaction and regasification terminals on the basis of type has also been observed.
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This research study analyzes the market for small-scale LNG terminals in terms of annual throughput. The small-scale LNG terminals market has been segmented on the basis of terminal technology, sub-type, and geography. For conducting the research, 2013 has been taken as the base year while all forecasts have been given for the 2014–2022 period. Market data for all the segments has been provided at the regional as well as country-specific level for the 2013–2022 period. The regional segment has been further divided into 14 sub-segments comprising nine unique countries which are major players in the global small-scale LNG market. The report provides a comprehensive competitive landscape and features companies engaged in the small-scale LNG terminals business. This report includes the key market dynamics affecting the overall small-scale LNG industry as well as the construction of such terminals globally. The report also provides a detailed industry analysis of the global small-scale LNG terminals market with the help of the Porter’s Five Forces model.
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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. The demand for small scale LNG terminals to be expected globally within the forecast period have been taken as a function of various factors such as natural gas production and consumption, presence of stranded gas assets, demand from the industrial and power generation sectors, and growth and emergence of small scale inland demand.
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Regionally, Europe and Asia Pacific are likely to emerge as attractive markets for small scale LNG terminals within the forecast period. Countries such as China and Norway already have significantly developed small scale LNG infrastructure. Adoption of LNG as a fuel, especially by the heavy duty vehicles segment is expected to be a major driver for small scale LNG terminal construction across numerous geographies within the forecast period. Highly environment-conscious Europe and North America are expected to lead in the global market for small scale LNG terminals that are to be utilized for LNG bunkering in the future. Numerous attractive business models by market incumbents are expected to be introduced in the future.
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