Power generation accounted for 46% of the volume share in 2016, and is anticipated to grow at over 6.9%
CAGR from 2017 to 2025. Power generation plants are gradually shifting from naphtha-based feedstock
towards LNG in order to provide cost-competitiveness and enhanced delivery times while also receiving
support in the form of favorable regulations encouraging these trends.
Further key findings from the report suggest:
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The global LNG market demand exceeded 265 million tons in 2016 and is expected to grow at a CAGR
of 6.5% from 2017 to 2025
Transportation is emerged as the largest application in 2016 and is estimated to generate revenue over
USD 3.6m billion by 2025 owing to widespread adoption of sustainable resources in place of
conventional fuels
Prices in North America are expected to be dependent upon the Henry Hub model, while demand in
South Africa is likely to continue being unpredictable on account of civil unrest and fluctuating supply
dynamics
Europe is likely to witness moderate progress with rising competition from Russia and Norwegian
piped natural gas (PNG). Africa is expected to remain a rapidly developed market with new production
strategies in the Cameroon and development anticipated in Mozambique.
Asia Pacific consumption patterns are projected to remain exponentially high over the next decade
owing to various developments across emerging economies, especially in the power generation and
transportation market. The region is expected to grow at a CAGR of 6.5% from 2016 to 2025
Key players including Chevron, Exxon Mobil, PetroChina, Total SA, Stat oil, Eni S.p.A., BP plc, Royal
Dutch Shell, Conoco Philips and CPCC dominated the sector accounting for over 60% of the total
volume in 2016
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Table Of Content
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
1.4 List of abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 LNG Market Variables, Trends & Scope
3.1 Market segmentation
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