Press release
Liquefied Natural Gas Market Insights 2026 | Top Players Royal Dutch Shell, ExxonMobil, Chevron, Total SA, BP Plc, PetroChina, China Petroleum and Chemical Company, and Conoco Philips
Liquefied Natural Gas
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The liquefied natural gas market is highly fluctuating market due to larger dependency on oil prices. Mostly, spot price of liquefied natural gas in emerging markets is set via oil linkage. Moreover, changing trade and sales strategies across every region is propelling growth of the market. For instance, in Europe, wholesale gas is sold via long term contracts, whereas, in North America, gas prices are set at liquid trading hubs.
According to a study by Coherent Market Insights, the global liquefied natural gas market was valued at US$ 7.23 billion in 2016 and is expected to witness a CAGR of 12.8% in terms of revenue over the forecast period (2017 – 2025).
Market Dynamics
The increasing focus on developing gas pipeline infrastructure and favorable government regulations is projected to fuel growth of global liquefied natural gas market over the forecast period. Asia Pacific held highest revenue share in the global liquefied natural gas market in 2016 and is expected to maintain its dominance in the near future. This is mainly due to presence of largest LNG exporter countries in the region such as Australia, Indonesia, and Malaysia. Increasing utilization of advanced biofuels in transportation sector, as it is a clean and readily available alternative source to fossil fuels, is expected to fuel growth of the liquefied natural gas market over the forecast period.
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Major Players in the Global Liquefied Natural Gas Market
The major players operating in the global liquefied natural gas market include Royal Dutch Shell, ExxonMobil, Chevron, Total SA, BP Plc, PetroChina, China Petroleum and Chemical Company, and Conoco Philips. Key players are strategically investing in the liquefied natural gas market to enhance their product portfolio through collaboration, joint ventures, and merger & acquisitions. For instance, in 2017, Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments B.V. (Shell) signed a framework agreement to develop liquefied natural gas (LNG) marine fueling – or bunkering – infrastructure at strategic shipping locations across the globe.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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Coherent Market Insights
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Email: sales@coherentmarketinsights.com
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