Small-scale liquefied natural gas (LNG) is a new and rapidly developing sector of the LNG industry. It refers to LNG projects with a capacity of less than 0.5 million tonnes per annum (mtpa), typically used for local gas supply, transportation, or as a fuel for power generation.
Small Scale LNG is used because it is a less expensive and more efficient way to transport natural gas. It can also be used to store natural gas in a smaller space. Small scale LNG is most commonly used in the power, transportation, and industrial sectors.
The global market for small scale LNG is expected to grow at a CAGR of around 10% during the forecast period of 2022 to 2028 and is expected to reach around USD 40 Billion by 2028.
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Some of the important players in Small Scale LNG (SSLNG) market are:
- Nippon Gas
- Guanghui Energy
- Yuanheng Energy
- Xilan Natural Gas
- Kunlun Energy
- Hebei Huaqi Natural Gas
- Shaanxi Yanchang Petroleum
- China National Coal Group
North America is the largest market for small scale LNG, owing to the high demand for LNG in the power and transportation sector. Asia Pacific is expected to be the fastest growing market for LNG, due to the rapid industrialization and the growing demand for LNG in power and transportation sector.
Major Market Developments
In June 2019, Royal Dutch Shell Plc. agreed to sell its Port Arthur LNG project in the US to Sempra Energy for USD 9.45 Billion.
In December 2019, Royal Dutch Shell Plc. started LNG production at its Prelude Floating LNG facility, off the coast of Australia. This facility is the world’s largest floating LNG facility.
Major Companies covered as a part of this study include Royal Dutch Shell Plc., Exxon Mobil Corporation, Total SA, Chevron Corporation, China National Petroleum Corporation, Gazprom PJSC, Centrica plc., Engie SA and Air prod & Chemicals Inc.
Market segmentation by Type:
- Storage and Boil Off Gas
- LNG Transfer
- SSLNG Shipping Characteristics
- Small Regasification and Import Terminal
Market segmentation by Application:
Table Of Content:
Chapter 1 Small Scale LNG (SSLNG) Market Overview
Chapter 2 Global Economic Impact on Small Scale LNG (SSLNG) Industry
Chapter 3 Global Small Scale LNG (SSLNG) Market Competition by Manufacturers
Chapter 4 Global Small Scale LNG (SSLNG) Production, Revenue (Value) by Region (2014-2022)
Chapter 5 Global Small Scale LNG (SSLNG) Supply (Production), Consumption, Export, Import by Regions (2014-2022)
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