LNG Infrastructure Market 2016-2022 / Black and Veatch (American), Adani Group (Indian), Cryonorm (Dutch)

Global LNG infrastructure market, after a brief spell of limited growth, has been improving since 2014, with the opening of large liquefaction plants in Algeria and Australia. The market value of the LNG Infrastructure was found to be US$XX Billion in 2015 and is expected to reach US$ XX Billion by 2022, at a CAGR of XX% during the forecast period. The value chain of an LNG business includes Exploration and production, Liquefaction, Shipping, storage and regasification. The largest component being Liquefaction. Thus, not only the production plants in the exporting countries but the regasification plants in consumer countries also provide a scope for the infrastructure market.

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Market Dynamics:

With an increase in usage and growing efficiencies of LNG-using devices, LNG producing countries have expanded their capacity of production; however, whether the demand in emerging East Asian economies is strong enough to accommodate the increased production is the question. With increasing LNG infrastructure being constructed, complexity in global LNG trade is evolving. The growing uncertainty in the industry can be attributed to several factors such as cross-border pipeline projects, an emergence of non-conventional fuels, risks possessed by megaprojects and the threat of an economic slowdown. Diverse partnerships coming up in Asia, involving vertical integration and technological partnerships have affected the dynamics at a supplier-consumer level and can have game-changing outcomes.

Market Segmentation:

Global Liquefaction and Regasification facilities are the two prominent segments of the market, which can be further divided on the basis of location and customers (township/ industry) – giving them different scales. Construction of Large-scale liquefaction and regasification plants is influenced by the global LNG market and various phenomena like the U.S Shell gas boom and the Japanese nuclear power generation have affected the market scenario to a great extent. The small-scale LNG plants are gaining popularity over the years, due to the small amount of investment involved and decreased risks of failure.

Geographical analysis:

Asia is emerging as a key player in the LNG infrastructure market, especially in the regasification segment, due to the presence of many booming economies and policies of the Asian governments. European markets are also offering a strong set of new projects, while small scale LNG infrastructure has gained popularity in Latin American and the Caribbean markets. India is a major emerging gas hub, mainly because of government policies regarding exploration and production that focus on removing infrastructure constraints.

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For a long time, Qatar has been the leading producer of LNG (and hence, of LNG infrastructure) but due to technological advancements, Australia and the United States will soon rival Qatar’s production levels by the end of the decade, and other producers such as Mozambique, Tanzania, Egypt, Israel, and Cyprus can take major roles.

Key players in the industry include Black and Veatch (American), Adani Group (Indian), Cryonorm (Dutch), Salof Kryopak (American) and Chiyoda Corporation (Japanese)- to name a few.

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