FLNG market to witness major developments in Asia & Africa, soaring gas and electricity demand to impel the regional growth

The recent plunge in gas rates has deluded many an expert, leading to skepticism regarding the future of FLNG market. Industry analysts have been debating among themselves, with regards to whether the demand for gas will warrant the necessary momentum for FLNG projects to kick off. However, the successful completion of mega projects such as Prelude and Petronas PFLNG1 have put a merciful end to these speculations. The fact that these projects have surpassed major milestones, is a major factor that may lead to the propulsion of FLNG market over the forthcoming years.

Since the inception of the new concept of floating regasification in 2005, there has been a remarkable growth in level of vessels that are operating as independent floating storage regasification units (FSRUs). This has significantly escalated the number of importers of LNG that have opted for FSRUs and have in turn made subsequent impact on the FLNG market demand from both operational and income perspectives.

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The emergence of floating liquefaction has led to a considerable increase in the global capital expenditure (Capex). Expenditure and income both are expected to increase in the existing FLNG market. For instance, recently in the present year of 2017, the government of Indonesia aims to increase its total LNG import capacity to 35,000MW by 2019. In response to this plan, the government has introduced a program to build gas-fired power plants and upgrade LNG import infrastructure to meet the new electrification targets. Growing number of such governmental initiatives across the globe has predominantly inflected the growth of FLNG industry.

Global Market Insights, Inc., in its Floating Liquefied Natural Gas Market 2017-2024, reports that the overall valuation of this industry is set to exceed USD 78 billion by 2024, with global demand surpassing 300 MTPA over 2017-2024.

Report Content
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary

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Chapter 2. Executive Summary
2.1. FLNG industry 3600 synopsis, 2014 – 2024
2.1.1. Business trends
2.1.2. Technology trends
2.1.3. Capacity trends
2.1.4. Regional trends

Chapter 3. FLNG Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Technology landscape

Browse key industry insights spread across 200 pages with 324 market data tables & 9 figures & charts from the report @ https://www.gminsights.com/industry-analysis/floating-liquefied-natural-gas-flng-market

The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:

• Definition and scope of research
• Market dynamics, growth drivers and industry pitfalls
• Regulatory and political guidelines for the industry
• Demographics and statistical data

About Global Market Insights
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