According to a new report published by Allied Market Research titled, “Planned LNG Market by Technology and End-Use Industry: Opportunity Analysis and Industry Forecast, 2020–2030,”the planned LNG market was valued at $102.2 billion in 2019, and is projected to reach $58.9 billion by 2030, growing at a CAGR of 9.9% from 2020 to 2030. Inclusion of regasification and liquefaction capacity at LNG terminals is known as planned LNG.
The planned LNG (liquefied natural gas) market refers to upcoming and proposed projects aimed at expanding global LNG production, storage, and transportation infrastructure to meet rising energy demand and support the transition to cleaner fuels. As countries seek to reduce carbon emissions and diversify energy sources, planned LNG projects—ranging from liquefaction terminals and regasification facilities to export-import pipelines—are gaining momentum, particularly in regions like Asia-Pacific, North America, and the Middle East. These projects are expected to enhance energy security, support industrial growth, and play a vital role in shaping the future of the global energy landscape.
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The planned LNG (liquefied natural gas) market is poised for significant growth, driven by several key factors:
- Rising Global Energy Demand and Transition to Cleaner Fuels:
The global push towards cleaner energy sources has positioned LNG as a vital transitional fuel. Its lower carbon emissions compared to coal and oil make it an attractive option for power generation and industrial applications. Countries like South Africa are seeking long-term LNG supply agreements to replace diminishing domestic gas supplies and reduce reliance on coal. Similarly, nations such as Indonesia, Malaysia, and Algeria, traditionally LNG exporters, are projected to become net importers due to rising domestic demand and declining production, adding approximately 50 million tons of additional demand by 2040. - 2. Expansion of LNG Infrastructure and Export Capacities:
Significant investments are being made to expand LNG infrastructure globally. For instance, QatarEnergy plans to increase its LNG production capacity from 77 million tons per annum (mtpa) to 126 mtpa by 2028 through the North Field Expansion project. In the United States, projects like the Galveston LNG Bunker Port in Texas are set to enhance LNG bunkering capabilities, supporting the maritime industry’s shift towards cleaner fuels. These developments are crucial in meeting the anticipated 60% rise in global LNG demand by 2040. - Technological Advancements and Diversification of LNG Applications:
Advancements in LNG technology have led to more efficient liquefaction and regasification processes, reducing costs and improving safety. Additionally, LNG’s versatility is being recognized in various sectors beyond power generation. The transportation sector, particularly maritime shipping, is increasingly adopting LNG as a fuel to comply with stringent environmental regulations. Projects like the Galveston LNG Bunker Port exemplify this trend, aiming to supply LNG to ships and reduce sulfur emissions. Furthermore, the development of small-scale LNG facilities is enhancing access to remote and off-grid areas, broadening the market’s reach.
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The planned LNG market is analyzed on the basis of three segments. The segments are technology, end-user industry, and region. Based on the technology, the market is categorized into liquefaction and regasification. On the basis of end-use industry, the market is classified into residential, commercial, and industrial. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa). Planned LNG market share is analyzed across all main regions.
The Asia-Pacific region dominates the planned LNG market, driven by rapidly growing energy demand, industrialization, and a shift toward cleaner fuels in countries such as China, India, Japan, and South Korea. These nations are investing heavily in LNG import terminals and regasification facilities to diversify energy sources and reduce reliance on coal and oil. China’s commitment to improving air quality and India’s efforts to expand its natural gas grid are key factors supporting the development of new LNG infrastructure. Additionally, Southeast Asian countries like Vietnam, Thailand, and the Philippines are emerging as new LNG consumers due to limited domestic gas reserves and rising electricity needs.
In contrast, regions like the Middle East, North America, and Africa are witnessing a surge in planned LNG export projects. The United States, in particular, is expanding its LNG liquefaction capacity to become a major global exporter, benefiting from abundant shale gas reserves. Qatar is also advancing its North Field expansion to reinforce its leadership in global LNG supply. Meanwhile, African nations such as Mozambique and Nigeria are developing LNG export terminals to capitalize on their untapped natural gas resources. These planned projects aim to meet the growing global LNG demand and strengthen regional positions in the international energy market.
The analysis covers in-depth information of the major industry participants. The key players operating and profiled in the market include Royal Dutch Shell plc, Exxon Mobil Corporation, LNG Croatia LLC, Energy Transfer LP, Cheniere Energy, Inc., Freeport LNG, PETROBRAS, Sempra Energy, ConocoPhillips Company, Equinor ASA, Korea Gas Corporation, Venure Global LNG, and Gasum.
Other players in the value chain of the market include Tokyo Gas Co Ltd, Hitachi, Petronet LNG Ltd, Samsung C&T Corporation CTCI Resources Engineering Inc., and others.
The report provides a detailed analysis of these key players in the global planned LNG industry. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, and agreements to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to highlight the competitive scenario.
