“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
Energy

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.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

“Land Seismic Equipment & Acquisition market will see a capital expenditure (Capex) of $2,387.8mn in 2020 as the oil and gas market is constantly facing new challenges and opportunities”

he decision of US shale oil and gas producers to limit their production for 2020 and the in an effort to stabilize the oil price and increase their revenue, as well as the OPEC discussions for further production cuts are expected to play a critical role in the market and restrain the land seismic acquisition activity.

06 December 2019

Read

“Global Thermal Enhanced Oil Recovery (EOR) market report 2020-2030 worth $20,202 million in 2020” says Visiongain report

The demand of thermal enhanced oil recovery (EOR) market is expected to increase in the coming years owing to continuous work over oil fields, rapid depletion of fossil fuels, increasing long-term demand for oil are the prime factors propelling the demand of thermal enhanced oil recovery (EOR) market globally.

04 December 2019

Read

“Due to the shale revolution, the oil and gas industry is witnessing growth in the Americas”, says Visiongain

In the forecast period, backed by new government policies on exploration and production and stability of global crude oil prices, the offshore oil and gas industry is expected to gain traction.

02 December 2019

Read

“The amount of LNG bunkering ships meeting this market is growing as the global demand for LNG gas for maritime applications increases”, says Visiongain

The global shipping sector confronted IMO regulations in 2015 to significantly reduce vessel pollution of sulfur, first in North America and then in Northern Europe.

02 December 2019

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever