FLNG Market Key Companies Shell, Petronas, Hyundai Heavy Industries Co., Exmar, Golar LNG, H�egh LNG, Excelerate Energy

The size of FLNG Market was registered at USD 10 billion in the year 2016 and is anticipated to cross USD 78 billion by 2025. Between the period 2017-2024, the FLNG Market is expected to register a CAGR of 25%.

Request a sample of this research report @ https://www.decresearch.com/request-sample/detail/1242

The sanctioning of Italian oil company, ENI's Coral South FLNG project in Mozambique sheds a positive light on the future prospect of FLNG industry. The Coral South Project is proclaimed to be the first FLNG offshore project in Africa and the third of its kind on a global level. When the globe is treading on a path of low carbon matrix, developing a plant on FLNG based technique is deemed to be a strategic move by the Italian giant. Taking into account some of the burgeoning factors outlining a transition in the LNG business space, which include increased natural gas consumption, energy security programs, and paradigm shift in fuel preference, FLNG market ground looks promising for future investments.

Growth Drivers Of FLNG Market:
o Monetization of stranded gas reserves
o High onshore terminal costs
o Environmental solution
o Rising natural gas demand
o Short development schedules
o Advancement in subsea technologies

Make an inquiry for purchasing this report @ https://www.decresearch.com/inquiry-before-buying/1242

Some of the recent projects in the FLNG market:
Wison Offshore & Marine, in June this year, has announced that it intends to develop a range of floating solutions equipped with regasification, integrated LNG loading and storage facilities, & power generation in a single unit. If reports are to be believed, the production capacity will fall in the range of 10 MW to 800 MW. The company believes that floating LNG power generation solutions have been deployed across major regions, primarily subject to the environmental policies enforced lately across the globe. In this regard, Wison's aforementioned project is an evidence of the major developments underlining FLNG market.
The Indonesian Government has recently come up with their plan of increasing its total LNG import capacity to 35 GW by 2019. The regional government has also introduced a program for development of gas fired plants to upgrade the LNG import infrastructure for addressing new electrification targets.

Leading Key Players in FLNG Market are: Shell, Petronas, Samsung Heavy Industries, Hyundai Heavy Industries, DSME and Associates, Exmar, Woodside Petroleum, Golar LNG, H�egh LNG, Excelerate Energy, Black & Veatch, Wison Offshore & Marine, Technip, Saipem

Geographically, the United States is projected to witness significant gains in the global FLNG market. Favorable U.S. government initiatives to minimalize environmental damage from marine operations is one of the factors upscaling the regional FLNG market demand. Recently, the U.S. MARAD (Maritime Administration) has approved a deep water floating LNG export facility situated in the gulf Of Mexico. As claimed by the company spokesperson, this facility would include four floating liquification vessels, having an individual volume capacity of 210,000 cubic meters. It is reported to be the first of its kind to receive a government approval. With such exemplary initiations by the regional government, U.S. FLNG market is forecast to witness a CAGR of 38% over 2017-2024.

Table Of Content
Chapter 1. Methodology and Scope
Chapter 2. 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. Company Profiles

Contact Us:
DEC Research,
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: info@decresearch.com

About DEC Research:
DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

This release was published on openPR.