Global Small Scale LNG Market To Touch US$120 Billion By 2025

According to our report "Strategic insights on Global Small Scale LNG Market: Analytics & investment opportunity mapping by Small Scale LNG Plants, Regasification Import Terminals, LNG trucks, LNG Bunkering, Small Scale LNG Ships, and LNG fuelled non-LNG carriers, 2017-2025" will reach US$ 120 Billion by 2025 with Asia and Europe growing at a phenominal pace.

In case of small scale LNG market, natural gas is liquefied in small scale LNG plants ranging from 0.05 MMTPA to 1 MMTPA and shipped using small scale LNG ships with capacity ranging from 1000 cubic meter to 30,000 cubic meter. The LNG is then unloaded in small scale LNG regasification terminals with send-out capacity of 0.05 MMTPA to 1 MMTPA.

The advantage of small scale LNG over large scale conventional LNG are:

Monetisation of Stranded and flared Gas
Operational Flexibility
Lower Life Cycle Project Costs
Shorter Execution Time
Lower Emissions of GHG
Small Land Requirement
Less Regulatory Hurdles
Use in Peak shaving for Local or City Gas Distribution
Use of natural gas from multiple sources

The report covers planned and proposed projects plans and capex forecast for the period 2017-2025 related to small scale LNG liquefaction plants, small scale LNG ships, small scale LNG regasification terminals, LNG bunkering, LNG truck fleet, LNG fuelled non-LNG carriers, LNG/ LCNG fuelling stations, and small scale LNG services & facilities like break-bulk and truck filling bays.

The largest segment in the small scale LNG business being LNG Fuelled Heavy Duty Commercial Vehicles market which is set to grow to US$ 76.8 Billion by 2025. LNG trucks and LNG & LCNG stations, the main growth segments along with LNG bunkering are driven by both environmental and commercial reasons.

Asia followed by Europe is fastest growing small scale LNG markets with new projects, related to project segments mentioned below, planned/proposed in China, India, Indonesia, Japan, and Australia.

In Europe, the existing large scale LNG regasification are being expanded with small scale LNG facilities & services and LNG bunkering & LNG/LCNG fuelling facilities being built within the “Project LNG Blue Corridor” a European project financed by the Seventh Framework Programme (FP7).

According to the report Asia alone will see a growth of 4.2 percent CAGR in planned LNG and LCNG stations during the forecast period 2017-2025. This accounts for 89 percent of total global LNG and LCNG station market. LNG engines are available in both dual-fuel and mono-fuel configurations, i.e. with or without a combination with diesel.

The report further covers the existing and proposed LNG distribution supply chain and associated equipment costs for projects and Investment Routes and Business Models that can be utilized in Asia, Europe, and North America.

A detailed analysis of LNG trucking contract is presented in the report which can be used by prospective investors in LNG trucking.

The report provides detailed economic analysis of LNG fuelled trucks based on forecast LNG and Diesel prices in Asia, Europe, and North America, cost of retrofit diesel truck, average distance travelled in miles.

The main drivers used for projection of number of LNG trucks, stations and LNG fuelled non-LNG carriers include price differential projection of LNG and alternate fuel diesel, security of LNG supplies, plans of various governments and market players involved in LNG distribution.

A detailed pre-feasibility financial model for small scale LNG liquefaction plant is also presented in MS Excel format along with the report. The financial model can be modified based on local conditions prevailing in a particular country.

The report also presents the existing and under consideration LNG regulations, standards and codes formulated by countries and international organizations like SIGTTO for shipping and terminal operations.

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