The small scale LNG market is uniquely focused in the spots where there is less generation of LNG and does not require huge LNG liquefaction plants. Developing interest for small scale LNG in rock solid vehicles, marine transport and modern and power exercises is relied upon to be one of the real drivers of the market throughout the following seven years. The small scale LNG market is consolidated with the presence of a limited number of players.
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Small-Scale LNG industry accounted to USD XX.XX million in 2017 growing at a CAGR of XX.XX% during the forecast period of 2019 to 2025, Globally. Small-Scale LNG market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2019 to 2025. Some of the major players in small-scale LNG market include
- The Linde Group
- Air Products
- GE Oil & Gas
- Black & Veatch
- Plum Energy LLC
- Chart Industries, Inc.
- Kunlun Energy Ltd
Others: Skangass, Total, BG Group, China National Offshore Oil Corporation, ENGIE, Gazprom transgaz Yugorsk, Eni, PT.Pertamina (Persero), Statoil and many more. Major small-scale LNG players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
- In February 2018, ICE developed new small-scale LNG carrier concept.
- In March 2018, Okra Energy awarded the power generation contract for Peru’s first Small-Scale Natural Gas Liquefaction (ssLNG) facility
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Major Market Drivers:
- Energy cost advantage of LNG over alternate energy sources
- Environmental benefits
- Fiscal regime and subsidies by governments
- High initial cost for LNG terminals
- Lack of pipeline Infrastructure in Asia-Pacific
The small-scale LNG market is segmented on the basis of type into
- Liquefaction Terminal
- Regasification Terminal
On the basis of application, the market is segmented into
- Heavy-Duty Vehicles
- Marine Transport
- Industrial & Power
On the basis of geography, the small-scale LNG market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are
- South Korea
- Saudi Arabia
- South Africa
- Brazil among others
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