The Small Scale LNG Market Will See a Capital Expenditure (Capex) of $5,539M in 2019

Small Scale LNG is used to supply small or isolated demand centers not connected to pipeline infrastructure, small scale LNG infrastructure is now increasingly deployed to cater to the growing demand for LNG as a transport fuel.

Natural gas can be transported from gas production centres to consumption centres in the form of liquefied natural gas (LNG) through ships and pipelines. Natural gas can be transported in ships and trucks to locations that are not connected to pipelines. Transportation of LNG takes place between exporting terminal (liquefaction plant) to importing terminal (regasification plant).

Small scale liquefaction and regasification infrastructure are ideally placed to assist with the development of stranded assets, the supply of remote residential and commercial demand centers but also the provision of LNG as a fuel.

Small-scale LNG import terminals are the most economical option for such nations which have just started adopting LNG as a fuel in their respective industries. Several small nations are importing or planning to import LNG in small quantities specifically to cater to the feeling requirements of the power generation industry.

The report analyst commented "The global market for small scale LNG is driven by high levels of spending in established and emerging markets. An important share of future capital expenditure will be driven by the greater deployment of LNG as a fuel, and growing investment in small scale LNG carriers."

Leading companies featured in the report who are involved in Small Scale Liquefied Natural Gas (LNG) include Gasnor Shell, Gasum, Gazprom, Wartsila, Prometheus Energy Company, Petronas, EcoElectrica Inc., Air Products and Chemicals, Inc., ENN Energy Holdings Limited & Sinopec Corp.

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Source: ASDReports - Market Research
Date: Jul 31, 2019