April 25, 2018 - 7:55 AM EDT
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Global LNG as a Fuel Market Analysis, Growth, Trends, and Forecast 2018-2023 - ResearchAndMarkets.com


The "Global LNG as a Fuel Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The International Maritime Organization (IMO) has put a cap of 0.50% m/m on sulphur content, reducing it by around 85% from the current cap on ships' fuel oil, effective from 1st January 2020. The strict regulations in response to climate change have put pressure on the shipping vessels to choose LNG in place oil. At the beginning of March 2018, there are more than 120 vessels burning LNG, with more than two-third operating in Europe. The number of the LNG based vessel is expected to be doubled due to tough IMO regulations in the near future driving the demand for LNG as a fuel.

Coal-fired power plants have been the biggest player in terms of power generation, and now several economies are shifting to cleaner fuel such as natural gas, solar and wind for power generation. Recently, countries such as Brazil, Pakistan, and Bangladesh etc., have either introduced LNG fired power plants or it is in the construction stage and is expected to be operational during the forecast period. Bangladesh is developing the world's one of the largest LNG-based combined cycle power plant of 500-600 MW. In 2016, Brazil started constructing two LNG fired power plant of a total capacity of 1.24 GW. As the technology improves and liquefaction becomes cheaper the number of LNG fired power plants is expected to grow significantly.

Companies Mentioned

  • Chevron Corporation
  • Royal Dutch Shell plc
  • Exxon Mobil Corporation
  • BP plc
  • Dow Corning Corporation
  • Total SA
  • SK Lubricants Co. Ltd.
  • Sinopec Lubricant Company
  • Indian Oil Corporation
  • Valvoline Inc
  • Lubrication Engineers Inc.
  • Chemours Co
  • SKF USA Inc.

Key Topics Covered:

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Supply Chain Analysis

6. Industry Attractiveness - Porter's Five Force Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

10. Competitive Landscape

11. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/p269dp/global_lng_as_a?w=4

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Related Topics: LNG (Liquefied Natural Gas)

Source: Business Wire (April 25, 2018 - 7:55 AM EDT)

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