Global LNG Liquefaction Terminals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The global LNG liquefaction terminals market is expected to grow at a CAGR of more than 6% in the forecast period (2022-2027). During the Covid-19 pandemic, due to lockdown and cross-border restrictions, there were limitations on the movement of the workforce and the supply of goods & raw materials across the globe. Furthermore, the lockdown resulted in lower demand for LNG from its end user, as all facilities were shut down during the pandemic. Factors such as a significant rise in demand for natural gas are expected to drive the LNG liquefaction terminals market. However, the volatility in natural gas prices is expected to restrain the market during the forecast period.
Key HighlightsThe global LNG liquefaction terminals market is fragmented. Some of the key players in the market include McDermott, LNG ALLIANCE PTE LTD, Qatargas Operating Company Limited, Bechtel Corporation, and China National Offshore Oil Corporation.
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