July 8, 2016 - 11:21 AM EDT
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LNG Carrier Market - Trends & Forecasts up to 2021 - Demand for Natural Gas Expected to Double by 2040 - Research and Markets

Research and Markets has announced the addition of the "LNG Carrier Market: The U.S. and Global Industry Analysis, Trends, and Forecasts up to 2021" report to their offering.

Declining prices of natural gas means we could witness a three way battle between coal, crude and natural gas over becoming the choice of primary fuel. Although, not as cheap as coal and crude oil, the natural gas is a clean fuel and fits the global consensus of reducing the global carbon footprint. According to Exxon Mobil, the demand for natural gas which is essentially methane is expected to double by 2040, that is, more than for any other kind of fuel.

The surge in demand for natural gas is likely to have favorable impact on the midstream segment of oil and gas industry as the produced gas would be required to be shipped from production areas to the demand centers across the world. Gas carriers or what we call LNG vessels are of the prime choice while dealing with outbound gas transportation across oceans, and can (demand) experience strong tailwinds.

Despite a multitude of positive factors restraints such as dwindling Chinese and European Economy (leads to less consumption of primary energy), restart of nuclear reactors in Japan (possible switch back to nuclear fuel for power generation) and regular cost overruns amid dwindling oil and gas prices leading to a delay in scheduled start date of LNG projects could dampen or delay the demand for LNG carriers. The report covers the analysis of global as well as regional markets of LNG carrier market.

Companies Mentioned:

  • China State Shipbuilding Corporation
  • Daewoo Shipbuilding & Marine Engineering Co. Ltd
  • Hyundai Heavy Industries Co. Ltd.
  • STX Offshore & Shipbuilding Co. Ltd.
  • Samsung Heavy Industries

Key Topics Covered:

1. Preface

2. Executive summary

3. Global LNG Carrier Market Overview

4. Global LNG Carriers Market Analysis -Technology, by Volume and Revenue, 2015-2022 (Cubic Feet) (USD Million)

5. Global LNG Carriers Market Analysis, Regional Analysis by Volume and Revenue, 2015-2022 (Cubic Feet) (USD Million)

6. Company profiles

For more information visit http://www.researchandmarkets.com/research/vzmtlj/lng_carrier

Research and Markets
Laura Wood, Senior Manager
[email protected]
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Source: Business Wire (July 8, 2016 - 11:21 AM EDT)

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