“The Micro Liquefied Natural Gas (LNG) market set to grow to $222.7mn (supply-side) with over 5 MTPA installed capacity by 2030” says new Visiongain report
18 November 2019
Visiongain has launched a new energy report Micro Liquefied Natural Gas (LNG) Market Forecast 2020-2030: Forecasts by Demand-side (Peak Shaving, Power Generation, Mining and Others), by Supply-side (Flare Gas, Dstranded Gas and Biogas), Plus Leading Company Analysis and Regional and Leading National Market Analsysis.
Micro-scale LNG plants can broadly be defined as those with capacities below 50,000 tpy (100,000 gal/d). Micro-LNG setup is virtually identical to the conventional LNG chain, differing only in scale. One difference is that for small gas volumes, LNG transport is feasible using trucks (onshore) or barges (offshore) rather than large marine carriers. The sizing and cost of the different elements of the chain depend on the specific characteristics of each project such as: gas volume and composition, distance to consumers, storage and infrastructure requirements, geographical location etc.
Year-on-year increase the demand for LNG liquefaction plants have triggered investments in mini/micro LNG. Asia Pacific, especially China is the dominant country in terms on installed micro LNG facilities below 0.1 MTPA
The Visiongain report analyst commented "By 2035, demand for natural gas is expected to reach more than 4,500 Bm3y, up from 3,600 Bm3y in 2018. During that period, LNG is forecast to lead the way among supply sources, growing at 4% per year. On a volume basis, most of the liquefaction capacity being brought online in the coming years will be from mid- and large-scale projects. However, small- and micro-scale LNG are increasingly emerging as solutions to deliver small volumes of gas to demand points far from supply infrastructure."
Leading key companies featured in the report who are developing micro liquefied natural gas (LNG) include: Cosmodyne, LLC, Galileo Technologies S.A., Chart Industries Inc., Eagle LNG, General Electric, Air Products and Chemicals, Inc., Sinopec Corp., etc.
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