A latest report has been added to the wide database of LNG Carrier Market by Infinium Global Research. This report studies the LNG Carrier
Market by technology (moss type, prism type, and membrane type) market status and outlook of global and major regions, from
manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years
and to forecast the values for the next six years. LNG Carrier Market provides opportunities in micro markets for stakeholders to invest
along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the LNG Carrier
Market.
Declining prices of natural gas means we could witness a three way battle between coal, crude and natural gas over becoming the choice of
primary fuel. Although, not as cheap as coal and crude oil, the natural gas is a clean fuel and fits the global consensus of reducing the global
carbon footprint. According to Exxon Mobil, the demand for natural gas which is essentially methane is expected to double by 2040, that is,
more than for any other kind of fuel. Moreover, EIA forecasts that natural gas is likely to become a vital cog of future primary energy
demand and is expected to account for nearly 29% of total primary energy consumed in the U.S. The surge in demand for natural gas is
likely to have favorable impact on the midstream segment of oil and gas industry as the produced gas would be required to be shipped from
production areas to the demand centers across the world. Gas carrier or what we call LNG vessels are of the prime choice while dealing with
outbound gas transportation across oceans, and can (demand) experience strong tailwinds.
A huge wave of upcoming LNG projects across Oceania and North America will certainly augment the demand for LNG carrier. Shale gas
boom in the U.S. has completely upturned the natural gas supply scenario. The U.S. which used to be one of the largest buyers of super
chilled fuel is now converting its re-gasification terminals into the exporting (Liquefaction) terminals. Four LNG export terminals namely
Corpus Christi, Cameron LNG Terminal, Cove Point and Freeport with combined capacity of more than 6 Bcf/d are under construction and
are expected to be online before 2021. Once completed, these projects will certainly boost the demand for LNG carrier. Similarly several
LNG projects are expected to come online before 2020 in Australia, that will make country one of the largest LNG producer across the globe.
It is to be noted that there is a direct and a close linkage between the demand for natural gas and LNG carrier. Thus any factor enhancing
demand or production of natural gas is bound to augment the demand for gas carrier as well.
Segments Covered
Segmentation of the LNG carrier market can be done on the basis of capacity added per type of technology and geography. Prismatic
Design, Moss Type and Membrane type are the major type of vessels used to transport LNG. Majority of the LNG Vessels are in between
4,400,000 to 4,800,000 cu ft. in capacity and contains facilities to maintain cryogenic temperatures for storage of natural gas.