Liquefied Natural Gas (LNG) Infrastructure Global Market Report 2024

The liquefied natural gas (LNG) infrastructure market size has grown rapidly in recent years. It will grow from $56.57 billion in 2023 to $64.85 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The expansion observed during the historical period can be attributed to several factors, including the increasing demand for natural gas, the expansion of global trade networks, technological advancements enhancing LNG infrastructure, regulatory support facilitating market growth, and geopolitical factors influencing supply and demand dynamics.

The liquefied natural gas (LNG) infrastructure marketsize is expected to see rapid growth in the next few years. It will grow to $112.06 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The projected growth in the forecast period can be attributed to several factors, including the increased adoption of LNG bunkering for maritime transportation, the expansion of small-scale LNG applications, the rising demand for LNG as a fuel for heavy-duty vehicles, the accelerated development of floating LNG (FLNG) facilities, and the growth in LNG-fueled power generation plants. Key trends expected during this period include the integration of renewable energy sources in LNG facilities, the adoption of digital technologies to enhance efficiency and safety in LNG operations, the emergence of new LNG import and export markets, increasing investment in LNG liquefaction capacity, and the development of innovative liquefaction and regasification technologies.

The liquefied natural gas (LNG) infrastructure market is poised for growth, driven by the escalating demand for electricity generation. Electricity generation, crucial for powering electronic devices, appliances, and heating and cooling systems, is witnessing a surge owing to evolving consumer needs. Liquefied natural gas infrastructure plays a pivotal role in facilitating natural gas trading and pricing flexibility, empowering buyers to adapt to market dynamics and capitalize on price differentials. This flexibility enhances the appeal of natural gas compared to other energy sources, thus stimulating demand. For instance, as reported by the International Energy Agency in July 2021, global electricity generation increased by 2.5% in 2022, reaching record levels. Additionally, coal-fired electricity generation is expected to rise from 1% in 2021 to 2% in 2022. Consequently, the growing demand for electricity generation acts as a catalyst for the LNG infrastructure market.

Key players in the LNG infrastructure sector are actively involved in the development and investment of new LNG projects to support the expansion of the natural gas industry. Projects such as the Port Arthur LNG project represent significant infrastructure developments aimed at bolstering LNG operations, fostering economic growth, and enhancing energy security. For example, in March 2023, Sempra, a US-based energy infrastructure company, initiated the Port Arthur LNG project - a next-generation liquefaction facility poised to supply abundant, clean, and reliable US natural gas to global markets. The project comprises two liquefaction trains, LNG storage tanks, and associated facilities capable of producing approximately 13.5 Mtpa of LNG, enabling the export of around 11 Mtpa of LNG on a long-term basis. Furthermore, the project incorporates design enhancements to reduce overall emissions, including the adoption of electric drives, renewable power sourcing, and other technological advancements.

In January 2024, Nebula Energy LLC, a US-based investment and asset management firm, acquired a majority stake in AG&P LNG for $300 million. This strategic move underscores Nebula Energy's commitment to expediting the deployment of the LNG infrastructure ecosystem for downstream markets. AG&P LNG, headquartered in the United Arab Emirates, specializes in developing and operating LNG terminals and downstream infrastructure, facilitating the distribution of LNG. Nebula Energy aims to bridge the infrastructure/logistics gap and meet burgeoning demand with advanced proprietary LNG technology, alongside the capability to own and operate LNG assets in rapidly expanding markets.

Major companies operating in the liquefied natural gas (LNG) infrastructure marketare Chevron Corporation, China Harbour Engineering Company, Petronas Ltd, Vinci SA, Cheniere Energy Inc, Linde plc, Samsung C&T Corporation, Mitsubishi Heavy Industries (MHI), Bechtel Corporation, INPEX Corporation, Woodside, Novatek, Gazprom International Limited, Rosneft, Fluor Corporation, Anadarko Petroleum Corporation, Saipem S.p.A., John Wood Group PLC, Technip Energies, TechnipFMC, KBR Inc., Black & Veatch, Chiyoda Corporation, JGC Holdings Corporation, Petrofac Limited, Royal HaskoningDHV, Worley India Pvt. Ltd., National Iranian Oil Company, McDermott International, SENER.

Asia-Pacific was the largest region in the liquefied natural gas (LNG) infrastructure marketin 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the liquefied natural gas (LNG) infrastructure marketreport are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the liquefied natural gas (LNG) infrastructure marketreport are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Liquefied natural gas (LNG) infrastructure encompasses the facilities and systems essential for the production, storage, transportation, and regasification of LNG, primarily facilitating the transportation, storage, and distribution of natural gas in its liquefied state.

The primary types of LNG infrastructure include production infrastructure, transportation infrastructure, regasification infrastructure, distribution infrastructure, storage facilities, and others. Production infrastructure involves the facilities and processes responsible for extracting, processing, and liquefying natural gas for transportation and storage. This includes liquefaction plants, natural gas processing facilities, LNG storage tanks, and other production infrastructure. The distribution of LNG is facilitated through various pipeline networks and virtual pipeline solutions, catering to end-users such as heavy-duty vehicles, electric power generation, and marine transport.

The liquefied natural gas (LNG) infrastructure market research report is one of a series of new reports that provides liquefied natural gas (LNG) infrastructure market statistics, including liquefied natural gas (LNG) infrastructure industry global market size, regional shares, competitors with a liquefied natural gas (LNG) infrastructure market share, detailed liquefied natural gas (LNG) infrastructure market segments, market trends and opportunities, and any further data you may need to thrive in the liquefied natural gas (LNG) infrastructure industry. This liquefied natural gas (LNG) infrastructure market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The liquefied natural gas (LNG) infrastructure market consists of revenues earned by providing services such as LNG production facilities, transportation, storage facilities, regulation facilities, distribution pipelines, and LNG trucking and bunkering. The market value includes the value of related goods sold by the service provider or included within the service offering. The liquefied natural gas (LNG) infrastructure market also includes sales of storage tanks, LNG carriers, receiving terminals, monitoring systems, and safety systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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