Liquefied Natural Gas (LNG)

Global Liquefied Natural Gas (LNG) Market to Reach US$255.2 Billion by 2030

The global market for Liquefied Natural Gas (LNG) estimated at US$142.3 Billion in the year 2024, is expected to reach US$255.2 Billion by 2030, growing at a CAGR of 10.2% over the analysis period 2024-2030. Power generation, one of the segments analyzed in the report, is expected to record a 11.0% CAGR and reach US$131.5 Billion by the end of the analysis period. Growth in the Transportation Fuel segment is estimated at 10.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$36.7 Billion While China is Forecast to Grow at 16.1% CAGR

The Liquefied Natural Gas (LNG) market in the U.S. is estimated at US$36.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$70.0 Billion by the year 2030 trailing a CAGR of 16.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.4% and 9.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR.

Global Liquefied Natural Gas (LNG) Market - Key Trends & Drivers Summarized

How Is the Global Energy Transition Impacting the LNG Market?
The global energy transition towards cleaner and more sustainable energy sources is significantly impacting the liquefied natural gas (LNG) market. As countries aim to reduce their carbon emissions and phase out coal and oil, LNG is increasingly seen as a critical "bridge fuel" that offers a lower-carbon alternative to traditional fossil fuels. Natural gas, when liquefied, can be easily transported and stored, making it a flexible and reliable option for meeting growing energy demands. This shift is particularly pronounced in regions such as Asia-Pacific and Europe, where governments are actively promoting the use of LNG to support decarbonization efforts. As part of this energy transition, investments in LNG infrastructure, including liquefaction plants, storage facilities, and regasification terminals, are accelerating, further boosting the market`s expansion.

Why Are Technological Innovations Enhancing the Efficiency of LNG Operations?
Technological innovations are playing a key role in enhancing the efficiency of LNG operations across the supply chain. Advancements in liquefaction and regasification technologies are helping to reduce energy consumption and minimize methane leakage during production, transportation, and distribution processes. The development of floating LNG (FLNG) platforms is providing new opportunities for extracting and processing natural gas from offshore fields, reducing the need for extensive onshore infrastructure. Additionally, digitalization and automation in LNG plants are improving operational efficiency by optimizing asset performance, predictive maintenance, and real-time monitoring. These technological advancements are enabling LNG producers to reduce costs and improve the overall sustainability of LNG production, making it a more attractive option for energy markets worldwide.

How Are Geopolitical Factors and Trade Dynamics Shaping the LNG Market?
Geopolitical factors and trade dynamics are playing a crucial role in shaping the LNG market, as global energy security becomes a key concern for both producers and consumers. The diversification of energy sources is driving demand for LNG as countries seek to reduce their reliance on specific regions for energy imports, such as Europe’s shift away from Russian gas. Trade agreements and the expansion of LNG export capacities in countries like the United States, Qatar, and Australia are contributing to the global supply of LNG, helping to stabilize the market. However, fluctuations in global natural gas prices, trade tensions, and shifts in demand from key importing countries, such as China and Japan, continue to create volatility in the market. This interplay of geopolitical and trade factors is influencing the strategic decisions of both LNG producers and consumers.

How Is the Growth in the Liquefied Natural Gas (LNG) Market Driven by Several Factors?
The growth in the liquefied natural gas (LNG) market is driven by several factors, including the global shift towards cleaner energy sources, technological innovations in LNG production, and evolving geopolitical and trade dynamics. The increasing focus on reducing carbon emissions and transitioning away from coal and oil is bolstering demand for LNG as a lower-emission fuel. Technological advancements in liquefaction, floating LNG platforms, and digital automation are improving the efficiency and sustainability of LNG operations, making it a more viable energy source. Geopolitical factors, such as energy security concerns and diversification of energy imports, are also playing a critical role in shaping the global LNG trade. Furthermore, growing investments in LNG infrastructure and expanding export capacities in major producing countries are contributing to the market’s robust growth trajectory.

SCOPE OF STUDY:

The report analyzes the Liquefied Natural Gas (LNG) market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Power Generation, Transportation Fuel, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 22 Featured) -

• ANGOLA LNG MARKETING LTD
• Applied LNG
• Atlantic LNG
• Australia Pacific LNG Pty Limited
• BNG Fuel
• Center for Liquefied Natural Gas
• Centrality Investments Limited
• Cheniere Energy Inc
• Chiyoda International Corporation
• Clean Energy Fuels Australia

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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