FLNG Market Grows a CAGR of +93%

Laxman Pai
Tuesday, February 12, 2019

Global floating liquefied natural gas (FLNG) market is growing at a CAGR of +93% during forecast period 2019-2026 as the demand for natural gas has been rising as it is a preferred fuel in power generation in various industries.

According to a report from Research N Reports, the demand comes from mainly for the regions such as North America, Europe, China, Japan, Southeast Asia and India.

Natural gas is cleaner, safer, and more cost-effective than other fuels. It has the potential to significantly reduce greenhouse gas (GHG) emissions, it said.

Natural gas is consistently being used to substitute high pollutant fuels such as coal and fuel oil in power and industrial sectors in several countries. Natural gas is a multipurpose fuel.

The report identifies key players in the market as Excelerate Energy L.P., Hoegh LNG, Golar LNG, Royal Dutch Shell plc, Petronas, Exmar, Noble Energy Inc., Woodside Petroleum Limited, DAEWOO Shipbuilding & Marine Engineering Co., Ltd. (DSME), Samsung Heavy Industries Co., Ltd., Hyundai Heavy Industries Co., Ltd.

Categories: FLNG Research

Related Stories

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Keel Laying for Wind Flyer Trimaran Crew Boat

CNOOC Discovers ‘Vast Exploration Prospects’ in China’s Beibu Gulf Basin

Japan and South Korea Look to Partner Up with US for Alaska Pipeline

McDermott Concludes Work at PTTEP’s Kikeh Gas Field Off Malaysia

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

Pharos Energy Extends Licenses for Two Vietnamese Gas Fields

China’s CNOOC Brings Bohai Sea Oil Field On Stream

Current News

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com