Global LNG Regasification Terminals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Global LNG Regasification Terminals Market is expected to grow at a CAGR of 5.6% during the forecast period of 2022-2027. The outbreak of the COVID-19 pandemic had a negative impact on the LNG regasification terminals market since the production and supply of natural gas have been stagnant due to lockdowns across the globe. Factors such as increasing demand for natural gas in the chemical, industrial, and transportation sectors are expected to drive the market. However, fluctuating natural gas prices increase the risk associated with large-scale LNG terminal construction and are expected to hinder the market's growth.
Key HighlightsThe LNG regasification terminals market is moderately fragmented. Some of the major players include Linde plc, Wartsila Oyj ABP, Shell PLC, Engie SA, and Baker Hughes Company.
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