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The FLNG is one of the methods for developing offshore natural gas fields in which the natural gas is extracted from the seabed, then processed, liquefied, and stored on a floating vessel that will be moored permanently over the field. The stored liquefied natural gas (LNG) will be offloaded to a tanker and taken directly to the market.
LPI (LP Information)' newest research report, the "Floating LNG Industry Forecast" looks at past sales and reviews total world Floating LNG sales in 2022, providing a comprehensive analysis by region and market sector of projected Floating LNG sales for 2023 through 2029. With Floating LNG sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Floating LNG industry.
This Insight Report provides a comprehensive analysis of the global Floating LNG landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Floating LNG portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Floating LNG market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Floating LNG and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Floating LNG.
The global Floating LNG market size is projected to grow from US$ 9253.6 million in 2022 to US$ 12470 million in 2029; it is expected to grow at a CAGR of 4.4% from 2023 to 2029.
In terms of geography, EMEA accounted for the major share of the FLNG market size. However, the coming years will witness an increase in the FLNG market share of the Americas due to the increasing number of proposals and projects related to FLNG and this region will contribute to the maximum growth of this market by the end of the forecast period.
This report presents a comprehensive overview, market shares, and growth opportunities of Floating LNG market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
- Small-Scale Capacity
- Large-Scale Capacity
Segmentation by application
- Energy Enterprises
- Government
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Exxon Mobil
- Royal Dutch Shell
- Samsung Heavy Industries
- TechnipFMC
- Golar LNG
- Petroliam Nasional Berhad