Strategic Moves of LNG Market Leaders: Mergers, Expansions, and Innovations

Liquefied Natural Gas (LNG) market size was valued at USD 110 Billion in 2024 and is expected to reach USD 224.6 Billion by 2034, growing at a CAGR of 8.2%

According to the latest market study on "Liquefied Natural Gas (LNG) Market Size, Share, By Infrastructure Type (Liquefaction Terminals, Regasification Terminals, Chemical & Petrochemicals, and Others), By Trade Type (Spot Trade, Long- Term Contracts and Others), By Application (Power Generation, Industrial, Transportation, Commercial, Residential and Others), By End User (Energy & Power, Mining, Chemical & Petrochemicals, Marine, Automation & Transportation and Others)," The report highlights key driving factors and also the prominent players and their developments in the market.

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Global Liquefied Natural Gas LNG Company Profile:
• BP Plc.*
• Royal Dutch Shell plc.
• Chevron Corp.
• Exxon Mobil Corp.
• Total S.A.
• PetroChina Co. Ltd.
• Equinor ASA
• Sinopec Ltd.
• Gazprom Ltd.
• Canadian Natural Resources Ltd.
• Cheniere Energy, Inc.
• Qatar Petroleum
• Woodside Petroleum Ltd.
• ConocoPhillips
• Eni S.p.A.
• Novatek and other players...

Global Liquefied Natural Gas LNG Recent News
In Feb 2025, India's natural gas consumption is projected to rise by 60% between 2023 and 2030, significantly increasing the country's reliance on liquefied natural gas (LNG) imports, the International Energy Agency (IEA) reported on Tuesday. The surge in demand is expected to far outpace domestic production, driven by rapid urbanisation and industrial growth. According to the IEA, these transformative shifts in the world's fifth-largest economy will continue to shape energy consumption patterns through the decade and potentially beyond.
In May 2025, Woodside Energy (WDS.AX), Australia's top natural gas producer, announced plans to sell an additional 20-30% stake in its Louisiana LNG project. The move follows final approval of the $17.5 billion development last week. COO Liz Westcott said the selldown will help Woodside reach its target of 50% ownership.

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Regional Insights:
• North America: This region is experiencing extensive growth due to abundant natural gas supplies, advances in extraction technologies, and growing export capabilities.
• Asia Pacific: The target market is witnessing extensive growth due to increasing demand, especially in countries such as China and India, which are transitioning to cleaner fuel sources.
• Europe: Experiencing a rapid growth as an outcome of the region's initiatives to expand its sources of energy and reduce its dependence on traditional sources of energy. The growth of LNG import facilities which enhances reliability of supply and allows wider use of worldwide LNG assets, political problems pushing a shift toward alternatives to petroleum and coal, and the rising demand for energy from renewable sources represent a few of the main causes of this increase.
• Latin America: Latin America is growing because of its plentiful supply of gas, increasing demand for more sustainable power, and infrastructural investment performed to enable LNG export and import terminals. Government initiatives promoting diversification of energy & the need for increased energy security are additionally having a bearing on LNG's growth as an essential part for the region's energy strategy.
• Middle East and Africa: Natural gas reserves, increasing regional and global demand, and investments in LNG facilities mean that the regions have excellent growth prospects. The advantageous position of the region increases its global trading potential, and attempts to explore alternative energy sources and reduce carbon emissions further encourage the growth of LNG as an alternative fuel for industrial and electrical power generation.

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Conclusion :

The Liquefied Natural Gas (LNG) Market research report offers an all-inclusive analysis for anyone involved or interested in the rapidly growing market. It covers all the major market aspects, including market segmentation, competitive landscape, and top players. Also, customization options are available with respect to product, application, and region.

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