openPR Logo
Press release

Liquefied Natural Gas Industry Insights With Key Company Profiles - Demand, Analysis, Forecast To 2024

07-07-2017 07:02 PM CET | Energy & Environment

Press release from: Transparency Market Research-Energy

Liquefied Natural Gas Industry Insights With Key Company

Liquefied Natural Gas Market: Snapshot

Liquefied natural gas (LNG) is a natural gas converted into liquid form for ease of transportation and storage. LNG takes about 1/600th of volume of natural gas. It is colorless, odorless, non-toxic and non-corrosive in nature. Liquefaction is carried out by cooling natural gas to -1620 C (- 2620 F), followed by the removal of certain components such as acid gases, impurities and dust. Thereafter, LNG is stored in cylindrical shaped and domed roof cryogenic tanks. This prevents LNG from vaporization. Generally, cryogenic tanks are made up of materials such as concrete, steel and nickel. These tanks are well insulated and kept at a very low pressure. Large underground tanks are also utilized for storage; smaller quantities of LNG are stored above the ground in vertical or horizontal tanks.

Browse Liquefied Natural Gas Market Research Report: http://www.transparencymarketresearch.com/liquefied-natural-gas-market.html

End-user segment in the LNG market comprises industrial, electric power and other sector applications such as transportation and commercial. Industrial sector is expected to be the most dominating sector in terms of demand for LNG. Various industries such as chemicals, fertilizers and steel utilize high quantities of LNG as operational fuel. Industrial processes consume huge quantities of distillate fuels. Transition to LNG from conventional fuels can help industries save significant capital. Various equipment such as drilling equipment, industrial boilers and mining equipment utilize high quantities of LNG due to large number of benefits it offers such as low cost and no emissions.

Demand for LNG is high in the electric power sector due to less cost and favorable heat rate. This makes LNG a preferred fuel. Various government policies make it mandatory to use LNG in the industrial sector in order to reduce greenhouse gas emissions. LNG-based electric power plants effectively and efficiently support high load during peak hours. LNG is the preferred fuel for small-scale captive power plants that are specially designed for in-house power generation and these small scale power plants can easily support load up to 100 MW. Industries located in remote areas can operate easily by installing captive power plants using LNG as fuel.

Get exclusive sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=484

Other sectors such as transportation and commercial utilize LNG due to high variation in prices of fuel such as diesel and petrol. Vehicle emission norm is the major factor that propels the use of LNG in the transportation sector. Countries such as France and Spain use LNG in order to reduce dependence on oil import and prevent atmosphere from being polluted through combustion of traditional fuels. Conventional fuels such as diesel and petrol emit high amount of COx on combustion. This raises the overall carbon footprint. However, LNG is comparatively cleaner and emits less COx and SOx. LNG has 85% lesser volatile organic content than diesel. On combustion, it produces 70% lesser COx and NOx as compared to conventional fuels.

Asia Pacific dominated the global LNG market in terms of volume due to high demand from Japan, South Korea and Taiwan. Emerging economies such as India and China import large quantities of LNG as domestic gas production is not enough to cater to the domestic needs of these countries. Europe is also expected to be a booming market for LNG as countries such as Spain, the U.K and France are importing high quantities of LNG. Rest of the World (RoW) is anticipated to witness a moderate growth rate as large number of gas reserves exist in the Middle East.

Apache Corporation, BG Group Plc, Cheniere Energy Inc, ConocoPhillips, Dominion Resources Inc, Kinder Morgan Inc, Qatar Petroleum, Sempra Energy, Veresen Inc and Woodside Petroleum Ltd are likely to dominate the liquefied natural gas market in the coming future.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit Blog : http://cmfeglobalreports.blogspot.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Liquefied Natural Gas Industry Insights With Key Company Profiles - Demand, Analysis, Forecast To 2024 here

News-ID: 614946 • Views: 770

More Releases from Transparency Market Research-Energy

Titanium Diboride Market
Titanium diboride is a part of metallic hard materials group. It is widely known for its extreme hardness and its composition. It is composed of boron and titanium that are known for its resistance to mechanical erosion. It is also known to be a reasonable electrical conductor and therefore has application as a cathode material in aluminum smelting. It can also be shaped by electrical discharge machining. Titanium diboride is
Static VAR Generator Market Projected to Grow at Steady Rate through 2025
Static VAR (Volt-Ampere Reactive) Generator which is also called high-voltage dynamic responsive power gadget & static synchronous compensator, performs dynamic power compensation with the help of reactive power compensation by a self-commutated control semiconductor connect inverter. Power quality has critical effect on power efficiency of static VAR generator. Good power quality lessens the vitality of energy loss and expands equipment lifespan for lower cost of static VAR generator. Various industries are
Torque Limiter Market Assessment and Forecast Report by Transparency Market Rese …
Torque Limiter Market: Overview A torque limiter is a device that automatically shields mechanical equipment and its work from being damaged because of mechanical overload. It is possible for the torque limiter either uncouple the load completely (shear pin) or simply limit torque by slippage. A torque limiter is particularly useful to reduce damage caused by crash jams and stops. Torque limiters could either be packaged as a hub for sheave
Stormwater Treatment Systems Market Set to Witness Steady Growth through 2017-20 …
Global Stormwater Treatment Systems Market: Overview Stormwater originates during ice melts and precipitation events. It can run off or be held on the surface eventually getting evaporated or soak into the soil (called infiltration). Stormwater treatment means the removal of toxins and pollutants from the water. Running stormwater is a major source of pollution. The increased flow of stormwater can encourage weed

All 5 Releases


More Releases for LNG

LNG Bunkering Industry to surpass $12bn by 2024:ENGIE,Polskie LNG,Eagle LNG, ENN …
LNG Bunkering Market size is set to exceed USD 12 billion by 2024.Growing demand for cleaner fuel coupled with strict emission regulations to reduce the airborne emissions predominantly in North America and Europe will stimulate LNG bunkering market. In 2015, International Maritime Organization (IMO) introduced Tier III norms to curb NOx emissions from marine vessels among Emission Control Areas (ECAs) under maritime boundaries. Request for a sample copy of this
Global Liquefied Natural Gas (LNG) Market 2018-22 : LNG bunkering, progressing L …
ResearchMoz presents Professional and In-depth Study of "Global Liquefied Natural Gas (LNG) Market: Industry Analysis & Outlook (2018-2022)" with coming years Industries Trends, Projections of Global Growth, Major Key Player and Case Study, Review, Share, Size, Effect. ' ' Liquefied Natural Gas (LNG) is a liquid form of natural gas, which is composed mainly of methane and other gases such as Ethane, Propane, Butane and Nitrogen. LNG liquefaction is a procedure
Floating LNG Market Forecast 2017-2022 Hegh LNG, Excelerate Energy, Royal Dutch …
Floating LNG Market Research 2017 A market study ” Global Floating LNG Market ” will help you understand, formulate and implement strategic decisions by offering critical data, insights and analysis from technology as well as commercial perspective on the Floating LNG market. It encloses an in-depth Research of the Floating LNG market state and the competitive landscape globally. This report consist of comprehensive market data, on a granular level, providing a
Floating LNG Global Market Outlook 2017-2022 Excelerate Energy, Golar LNG, Hegh …
Floating LNG Market Research Report A market study ” Global Floating LNG Market ” examines the performance of the Floating LNG market Size 2017. It encloses an in-depth Research of the Floating LNG market state and the competitive landscape globally. This report analyzes the potential of Floating LNG market in the present and the future prospects from various angles in detail. Request For Sample Report: http://bit.ly/2wD0Ue2 The Global Floating LNG Market 2017
Floating LNG Terminals Market Size 2017-2022: PETRONAS, Royal Dutch Shell, Golar …
Floating LNG Terminals Market Research 2017 A market study ” Global Floating LNG Terminals Market ” examines the performance of the Floating LNG Terminals market 2017. It encloses an in-depth Research of the Floating LNG Terminals market state and the competitive landscape globally. This report analyzes the potential of Floating LNG Terminals market in the present and the future prospects from various angles in detail. The Global Floating LNG Terminals Market 2017
Japan LNG Demand Forecast 2016
The natural gas production is very limited in Japan as compared to the consumption rate. The production of natural gas in Japan is mainly associated with the companies named International Petroleum Exploration Corporation (INPEX), JAPEX, Mitsubishi, Mitsui, Nippon Oil. Other Japanese oil and gas companies are actively involved in domestic and international natural gas exploration and production. The natural gas is mostly consumed by power sector, residential/commercial sector and industrial