United States Floating LNG Market Set to Soar: Innovations and Offshore Expansion Drive Unprecedented Growth by 2031 | Major key players - Royal Dutch Shell, Samsung Heavy Industries, Petronas.

Market Overview:

The Global Floating LNG Market is estimated to reach a CAGR of 24% over the forecast period (2024-2031). The Market is growing due to increasing global demand for cleaner energy and the flexibility of FLNG projects to access remote offshore gas reserves efficiently.

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The Floating LNG (FLNG) Market involves offshore facilities that extract, liquefy, store, and transfer natural gas at sea, eliminating the need for onshore plants. FLNG technology enables production from remote or deepwater gas fields, reducing infrastructure costs and environmental impact. The market encompasses FLNG vessels, equipment, and related services, driven by rising global LNG demand and energy transition initiatives.

Industry Recent Developments:

United States:

✅ In September 2025, Cheniere Energy announced plans to expand its Corpus Christi Floating LNG terminal to increase LNG export capacity to meet growing global demand.

✅ In August 2025, ExxonMobil began offshore Floating LNG feasibility studies off the Gulf of Mexico to leverage modular LNG technology.

✅ In July 2025, Chevron partnered with Wärtsilä to integrate advanced gas liquefaction systems in U.S. Floating LNG units for higher efficiency.

Japan:

✅ In September 2025, Mitsui O.S.K. Lines (MOL) announced the deployment of a next-generation Floating LNG storage and regasification vessel (FSRU) aimed at enhancing Asian LNG supply security.

✅ In April 2025, MOL started commercial operation of its floating storage & regasification unit (FSRU) for the Jawa 1 LNG-fired power plant with significant storage and regasification capacity.

✅ In March 2025, the Japanese government reported strategic shifts focusing on LNG in Southeast Asia with Japanese firms investing in LNG infrastructure in countries such as Vietnam, Philippines, and Indonesia to boost demand and trading capacity.

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Major Key Players:

Royal Dutch Shell
Hyundai Heavy Industries
Golar LNG
Samsung Heavy Industries
Petronas
Höegh LNG.

Key Growth Drivers:

Growing global demand for natural gas as a cleaner energy source, particularly in regions with limited pipeline infrastructure and increasing energy needs in emerging economies.

Technological advancements that improve efficiency, reduce operational costs, and enable the development of smaller, more flexible FLNG units suitable for previously uneconomical offshore gas fields.

Government initiatives and support promoting cleaner energy solutions, energy security, and diversification, boosting investment and deployment of FLNG projects globally.

Segments Covered in the Floating LNG Market:

By Terminal Type: Floating LNG Liquefaction Terminal, Floating LNG Import Terminal.

By Capacity: Small Scale, Mid-Scale, Large Scale.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Floating LNG market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Floating LNG Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Floating LNG market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Floating LNG Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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