United States Floating LNG Market is expected to reach US$ 18.1 billion by 2032 | Top Companies - Royal Dutch Shell, Hyundai Heavy Industries, Golar LNG, Samsung Heavy Industries.

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 rising global natural gas demand and the flexibility of offshore LNG production in deepwater regions. According to DataM Intelligence Report.

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The Floating LNG (FLNG) Market involves the production, liquefaction, storage, and offloading of natural gas at sea using floating facilities. FLNG technology enables the extraction of gas from offshore fields without the need for onshore infrastructure, reducing costs and environmental impact. It supports global LNG supply by enhancing access to remote and deepwater gas reserves.

Industry Recent Developments: United States

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

✅ October 2025: Excelerate Energy, a Texas-based company, announced a $450 million deal to build a fully integrated FLNG import terminal in Iraq, reflecting the US transition from LNG exporter to technology and infrastructure provider.

✅ August 2025: ExxonMobil began offshore Floating LNG feasibility studies off the Gulf of Mexico to leverage modular LNG technology for future projects.

Industry Recent Developments: Japan

✅ September 2025: Mitsui O.S.K. Lines contracted a floating storage and regasification unit (FSRU) for long-term charter by Singapore LNG Corporation, to be delivered in 2027, indicating strategic FLNG infrastructure expansion.

✅ October 2025: Continued growth in LNG production capacity with an expected availability of 3.6 million tonnes per year by 2028 and active trials to reduce methane slip in LNG shipping routes involving Japan.

✅ November 2025: Japan's LNG inventories for power generation stood at 1.96 million tonnes as of November 9, 2025, with ongoing demand management amid fluctuating LNG import volumes.

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Major Key Players:

1. Royal Dutch Shell - A global energy giant involved in LNG production, shipping, and trading, with extensive investments in floating LNG projects.

2. Hyundai Heavy Industries - A leading South Korean shipbuilder specializing in constructing LNG carriers and floating LNG facilities.

3. Golar LNG - Focuses on LNG shipping and floating LNG solutions, including FLNG vessel ownership and operation worldwide.

4. Samsung Heavy Industries - South Korea-based heavy industry firm, building LNG carriers, FLNG platforms, and offshore energy infrastructure.

5. Petronas - Malaysia's national oil and gas company, active in LNG production, export, and global LNG trading.

6. Höegh LNG - Norwegian LNG shipping company offering floating storage and regasification solutions, and FLNG operations globally.

Market Growth Drivers:

✅ Increasing global demand for natural gas, especially as a cleaner energy source and transition fuel in the global energy mix.

✅ Technological advancements in FLNG units that improve efficiency, reduce costs, and enable deployment in smaller-scale and more challenging offshore locations.

✅ Government initiatives and support for energy security, diversification, and infrastructure development in regions with significant offshore gas reserves.

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 for Floating LNG Market:

⇥ 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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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Floating LNG market?

➠ Who are the global key manufacturers of the Floating LNG Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Floating LNG market opportunities and threats faced by the vendors in the global Floating LNG Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Floating LNG market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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