Press release
Global FLNG Market Growth, Revenue and Regional Outlook 2024 | Industry Top Key Player Petronas, Noble Energy, Mitsubishi Heavy Industries, Royal Dutch Shell, Golar LNG, Excelerate, Exmar, Eni, Ophir Energy, Mitsui O.S.K. Lines, Woodside Petroleum, Hyunda
FLNG Market, Global FLNG Market Size, FLNG Industry, FLNG Market Trends, FLNG Market Share, FLNG Market Growth
U.S. FLNG market is set to witness gain over 38 % by 2024. Favorable government measures to minimize ecological damage from marine operations will stimulate the product demand. In 2017, the U.S. Maritime Administration (MARAD) approved the country’s first deep-water floating LNG export facility in the Gulf of Mexico. The facility will include four floating liquefaction vessels, each having a capacity of 210,000 cubic meters of natural gas to reduce number of coastal shipments.
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Floating Liquefied Natural Gas (FLNG) Market size is set to exceed USD 78 billion by 2024, according to a new research report. Favorable government initiatives including fiscal incentives to improve energy supply security will drive the FLNG market size. In 2017, the European Union enacted a proposal to invest USD 500 million in priority energy infrastructure including the implementation of FSRU vessels in the Member States. In 2016, the EU Connecting Europe Facility (CEF) funded the construction of Croatia floating LNG import facility with an objective of diversifying the country?s energy supply.
Technological innovation to design reliable and high performance floating infrastructure will stimulate the Australia FLNG market size. In July 2017, Shell introduced Prelude which can withstand the severest cyclones including those of Category 5. It will enable the development 3 Tcf of gas fields which are uneconomic to produce through other means.
Significant developments of integrated LNG-to-power projects predominantly across the power deficit countries will stimulate the FSRU market. Growing demand for gas fueled power plants will reinforce the commercialization of LNG regasification which will positively impact the industry growth. Mobility, short construction periods, cost efficiency and lower environmental impact are some of the key factors which will positively drive the FLNG market. In 2015, South Africa Department of Energy (DOE) introduced its LNG to Power IPP Procurement Programme to produce upto 3000 MW of capacity from gas fired power plants.
UAE floating liquefied natural gas market share is predicted to grow over 10 % owing to rapid demographic and economic growth across the region. Growing demand for electricity along with increasing internal demand for natural gas will boost the product penetration. Abu Dhabi National Oil company is planning to implement a new floating import terminal (FSRU) in 2017 to offset growing internal gas demand.
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Competitive pricing, existing production assets and flexible volume contracts will embellish the small scale FLNG market growth. These developments can unlock marginal fields by eliminating the use of high pipeline infrastructure costs and highly capital intensive remote onshore LNG plant installation. Africa aims to commission its first floating LNG vessel offshore Cameroon to commence small scale LNG export operations by 2018.
Rising demand for cleaner fuel coupled with stringent government regulations across the maritime industry will stimulate the FLNG market size. The International Maritime Organization Tier III establishes limits on NOx emissions and requires the use of lower sulfur content fuel. The requirements apply to vessels operating in the U.S. waters and North American Emission Control Area (ECA).
Notable players in the FLNG market include Royal Dutch Shell, Golar LNG, H?egh LNG, Excelerate, Exmar, Eni, Ophir Energy, Mitsui O.S.K. Lines, Petronas, Noble Energy, Woodside Petroleum, Hyundai Heavy Industries, Samsung Heavy Industries, DSME and Associates, and Mitsubishi Heavy Industries.
Floating liquefied natural gas market research report includes in-depth coverage of the industry with estimates & forecast in terms of MTPA & USD Billion from 2014 to 2024, for the following segments:
Global Floating Liquefied Natural Gas Market, By Technology
LNG FPSO
• Small/mid-scale
• Large scale
FSRU
• Small/mid-scale
• Large scale
Global Floating Liquefied Natural Gas Market, By Capacity
• Small/mid-scale
• Large scale
The above information is provided on a regional and country basis for the following:
North America
U.S.
Europe
UK
Russia
Asia Pacific
China
Australia
Indonesia
Malaysia
India
Pakistan
Middle East
UAE
Turkey
Africa
Cameroon
Congo
Egypt
Equatorial Guinea
Mozambique
Ghana
Latin America
Brazil
Chile
Colombia
Table of Contents:
Chapter 1. FLNG Market Methodology and Scope
Chapter 2. FLNG Market Executive Summary
Chapter 3. FLNG Market Industry Insights
Chapter 4. FLNG Market, By Technology
Chapter 5. FLNG Market, By Capacity
Chapter 6. FLNG Market, By Region
Chapter 7. FLNG Market Company Profiles
For more information on this report at: https://www.marketstudyreport.com/reports/flng-market/?utm_source=OPR-SP
Related Report:
Global FLNG Market Professional Survey Report 2018
This report studies the global FLNG market status and forecast, categorizes the global FLNG market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).
https://www.marketstudyreport.com/reports/global-flng-market-professional-survey-report-2018/?utm_source=OPR-SP
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