This study categorizes the global Liquefied Natural Gas Market breakdown data by manufacturers, region, type and application

 

Liquefied Natural Gas


Liquefied natural gas is an odorless and colorless liquid, which will be formed by cooling natural gas to -1620C. The liquefaction process shrinks the amount of gas by 600 times, making it easier to store and ship. When liquefied natural gas reaches to its destination, it is again became gas by regasification process and transported through vessels and pipes to end-use consumers. Liquefied natural gas is an emerging fuel because of its cleanest burning nature when compared with petrol, diesel, and other fuels.

This study categorizes the global Liquefied Natural Gas Market breakdown data by manufacturers, region, type and application, also analyzes industry status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Key drivers such as for example increasing demand for clean source of energy by end-use industries, government initiatives to strengthen gas pipeline infrastructure, and significant growth in global natural gas liquefaction capacity are expected to fuel growth of the global liquefied natural gas market over the forecast period. In accordance with International Gas Union report, the global nominal natural gas liquefaction capacity is increased to 336.7 million tons each year in 2017, that was accounted to 304.4 million tons each year in 2015.

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