The LNG infrastructure market in US is driven by the increase in LNG production. However, the impact of the ongoing trade war between US and China might impact the market growth adversely during the forecast period.
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LNG Infrastructure in US: Drivers and Trends
The LNG infrastructure market growth in the US is driven by factors such as the increase in LNG production. The rise in the supply of coalbed methane, shale gas, and tight gas has made natural gas one of the fastest-growing fossil fuels in the US. According to the IEA, by 2022, the US will account for 890 bcm or 22% of global natural gas production. Despite the growth in domestic demand and the production of natural gas, more than half of the additional natural gas produced will be converted into LNG for export to the countries where domestic natural gas production is nil or insufficient to meet the demand. Hence, the increase in natural gas production has led to a rise in LNG production, which is likely to boost the demand for LNG infrastructure during the forecast period.
One of the trends supporting the LNG infrastructure market growth in the US is the growing demand for LNG bunkering. There have been several developments to make LNG bunkering more efficient and convenient. For instance, in October 2017, the universal transfer system (UTS) was developed to enable the transfer of LNG from an LNG carrier to bunker tanks onshore. It demonstrated a system that can bring bunkering infrastructure to a vessel using a floating platform connected to the shore with cryoline cryogenic floating hoses. In addition, it reduces the impact of infrastructure establishment on the environment and can be retracted when not in use. Such developments in LNG bunkering, along with the implementation of stringent emission regulations, will further boost the demand for LNG as a marine fuel. These factors will contribute to the growth of the LNG infrastructure market in the US during the forecast period.
Major LNG Infrastructure Companies in US:
- Bechtel Corp.
- Cheniere Energy Inc.
- Chevron Corp.
- Chiyoda Corp.
- Exxon Mobil Corp.
- Fluor Corp.
- McDermott International Inc.
- NextDecade Corp.
- Sempra Energy
- TotalEnergies SE
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LNG Infrastructure Market In US End-user Outlook (Revenue, USD bn, 2021-2026)
- Power generation - size and forecast 2021-2026
- Transportation fuel - size and forecast 2021-2026
- Others - size and forecast 2021-2026
LNG Infrastructure Market In US Type Outlook (Revenue, USD bn, 2021-2026)
- Liquefaction terminal - size and forecast 2021-2026
- Regasification terminal - size and forecast 2021-2026
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LNG Infrastructure Market Scope in the US |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.26% |
Market growth 2022-2026 |
USD 1.12 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.77 |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Bechtel Corp., Cheniere Energy Inc., Chevron Corp., Chiyoda Corp., Exxon Mobil Corp., Fluor Corp., McDermott International Inc., NextDecade Corp., Sempra Energy, and TotalEnergies SE |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 - 2026
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Power generation - Market size and forecast 2021-2026
- Transportation fuel - Market size and forecast 2021-2026
- Others - Market size and forecast 2021-2026
- Market opportunity by End-user
Market Segmentation by Type
- Market segments
- Comparison by Type
- Liquefaction terminal - Market size and forecast 2021-2026
- Regasification terminal - Market size and forecast 2021-2026
- Market opportunity by Type
Customer landscape
- Customer landscape
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Bechtel Corp.
- Cheniere Energy Inc.
- Chevron Corp.
- Chiyoda Corp.
- Exxon Mobil Corp.
- Fluor Corp.
- McDermott International Inc.
- NextDecade Corp.
- Sempra Energy
- TotalEnergies SE
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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