Research and Markets has announced the addition of the “Global LNG Regasification Industry Outlook Report (Q2 2014) – Analysis of Trade, Infrastructure, Competition, Investments and New Opportunities to 2020” report to their offering.
Global LNG Industry is poised to grow steadily despite fluctuations in demand from European and American buyers according to Global LNG Regasification Industry Outlook Report 2014-2020.
Developing economies continue to fuel the industry growth in medium to long term future. Companies worldwide continue to invest in new LNG terminals, mainly to cater energy hungry Asian buyers.
Further, increasing exploration activities in African markets and success of North American shale gas are driving investments in Liquefaction infrastructure. On the other hand, low construction costs and quick realization periods are encouraging governments to develop new floating LNG terminals. Between 2014 and 2020, more than 150 mtpa of new floating LNG capacity is expected to be constructed worldwide.
[mappress] Press Release, May 22, 2014; Image: Anadarko