Floating Storage and Regasification Unit (FSRU) Market Share, Insights by 2030 (2023)

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May 20, 2023 (The Expresswire) --Embracing Growth: A Promising Outlook for the Global Floating Storage and Regasification Unit (FSRU) Market from 2023 to 2030

"Floating Storage and Regasification Unit (FSRU) Market" by page No. 107 | End User [, Industrial, Power Generation, Others, ], Types [, Newly Built, Converted, ], Region and Gain valuable insights from this Exclusive Data Report, Exploratory, Descriptive, Causal Research which provides qualitative and quantitative perspectives on SWOT and PESTLE analysis. Explore the analysis based on geographical regions and industry segments to make informed decisions for your business.

Top Global Manufacturers in the Floating Storage and Regasification Unit (FSRU) Market: Discover the Largest Players Worldwide

● BW Gas

● Hoegh LNG

● Mitsui O.S.K Lines

● EXMAR

● Golar LNG

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Why is Floating Storage and Regasification Unit (FSRU) market 2023 Important?

- Overall, the Floating Storage and Regasification Unit (FSRU) market in 2023 is essential for businesses to understand the market landscape, identify growth opportunities (strategies, services, customer base), mitigate risks (economic factors, impact business, minimize risks), Insight into Market Trends (latest trends, developments, consumer preferences, emerging technologies, dynamics, top competitive) make informed decisions, and achieve sustainable growth in a competitive business environment. Strategic Decision-Making (data-driven insights, pricing strategies, customer satisfaction, competitive advantage), Validate Business Plans (long-term success of the business).

The Floating Storage and Regasification Unit (FSRU) Market Shown: Exploring the Key Aspects and Insights

Market Overview of Global Floating Storage and Regasification Unit (FSRU) market:
According to our latest research, the global Floating Storage and Regasification Unit (FSRU) market looks promising in the next 5 years. As of 2022, the global Floating Storage and Regasification Unit (FSRU) market was estimated at USD million, and it’s anticipated to reach USD million in 2028, with a CAGR of during the forecast years.

This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Floating Storage and Regasification Unit (FSRU) market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.

Key Takeaways from the Global Floating Storage and Regasification Unit (FSRU) Market Report:
Market Size Estimates: Floating Storage and Regasification Unit (FSRU) market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Floating Storage and Regasification Unit (FSRU) market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia and Ukraine War on the Floating Storage and Regasification Unit (FSRU) market
Segment Market Analysis: Floating Storage and Regasification Unit (FSRU) market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Floating Storage and Regasification Unit (FSRU) market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Floating Storage and Regasification Unit (FSRU) Market: Revenue and sales volume of major countries in each region
Floating Storage and Regasification Unit (FSRU) Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Floating Storage and Regasification Unit (FSRU) market in major regions.
Floating Storage and Regasification Unit (FSRU) Industry Value Chain: Floating Storage and Regasification Unit (FSRU) market raw materials and suppliers, manufacturing process, distributors, downstream customers
Floating Storage and Regasification Unit (FSRU) Industry News, Policies and Regulations

(Video) Floating Storage and Regasification Units FSRU Market - Global Industry Analysis[2020 - 2030]

The Global Floating Storage and Regasification Unit (FSRU) market is poised for significant growth between 2022 and 2030, with a positive outlook for 2022 and beyond. As key players in the industry adopt effective strategies, the market is expected to expand further, presenting numerous opportunities for advancement.

Get a Sample Copy of the Floating Storage and Regasification Unit (FSRU) Report 2023

Despite the presence of intense competition within the market, the clear global recovery trend instills investor optimism. The industry continues to attract new investments, fostering innovation, and creating potential for further growth. This dynamic environment encourages stakeholders to capitalize on emerging opportunities and contribute to the industry's development.

In conclusion, the Global “Floating Storage and Regasification Unit (FSRU) market shows” tremendous growth potential in the forecast period, with North America and Europe playing pivotal roles. The market is expected to achieve remarkable growth in terms of size and “CAGR”, driven by factors like “technological” advancements and the presence of key players. As the industry continues to recover globally, it remains an attractive investment landscape, attracting new ventures and setting the stage for future developments.

What are the different “Types of Floating Storage and Regasification Unit (FSRU) market”?

Product Type Analysis: Production, Revenue, Price, Market Share, and Growth Rate for Each Category

● Newly Built

● Converted

What are the different "Applications of Floating Storage and Regasification Unit (FSRU) market”?

End Users/Application Analysis: Status, Outlook, Consumption (Sales), Market Share, and Growth Rate for Major Applications/End Users

● Industrial

● Power Generation

● Others

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Which regions are leading the Floating Storage and Regasification Unit (FSRU) Market?

● North America (United States, Canada and Mexico)

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● Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

● Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

● South America (Brazil, Argentina, Columbia etc.)

● Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This Floating Storage and Regasification Unit (FSRU) Market Research/Analysis Report Contains Answers to the following Questions

● How is Floating Storage and Regasification Unit (FSRU) market research conducted?

● What are the key steps involved in conducting Floating Storage and Regasification Unit (FSRU) market research?

● What are the sources of data used in Floating Storage and Regasification Unit (FSRU) market research?

● How do you analyze Floating Storage and Regasification Unit (FSRU) market research data?

● What are the benefits of Floating Storage and Regasification Unit (FSRU) market research for businesses?

● How can Floating Storage and Regasification Unit (FSRU) market research help in identifying target customers?

● What role does Floating Storage and Regasification Unit (FSRU) market research play in product development?

● How can Floating Storage and Regasification Unit (FSRU) market research assist in understanding competitor analysis?

● What are the limitations of Floating Storage and Regasification Unit (FSRU) market?

● How does market research contribute to making informed business decisions?

● What is the difference between primary and secondary market?

● How can Floating Storage and Regasification Unit (FSRU) market research help in assessing customer satisfaction?

● What are the latest trends and technologies in Floating Storage and Regasification Unit (FSRU) market?

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● What are the ethical considerations in conducting Floating Storage and Regasification Unit (FSRU) market research?

● How can Floating Storage and Regasification Unit (FSRU) market help in pricing strategies?

● What is the future outlook for Floating Storage and Regasification Unit (FSRU) market research?

Floating Storage and Regasification Unit (FSRU) Market Post-Covid-19 Analysis: Size, Trends, and Growth Opportunities Revealed

Discover the direct and indirect impact of the Covid-19 pandemic on the global Floating Storage and Regasification Unit (FSRU) market in our comprehensive analysis. This report provides insights into the market size, trends, and growth prospects for the Floating Storage and Regasification Unit (FSRU) industry, segmented by type, application, and customer sector. We examine the market landscape before and after the pandemic, evaluating the key factors influencing its development. Additionally, a PESTEL analysis highlights the significant influencers and entry barriers within the industry.

Our expert research analysts are available to provide customized details for your specific report, including region-specific data, application-specific insights, or any statistical information you require. Furthermore, we are committed to incorporating your own data to ensure a comprehensive and tailored market research experience.

Stay informed and gain a competitive edge with our in-depth analysis of the Floating Storage and Regasification Unit (FSRU) market post-Covid-19.

Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this “Floating Storage and Regasification Unit (FSRU) Industry”.

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Detailed TOC of Global Floating Storage and Regasification Unit (FSRU) Market Research Report, 2023-2030

1 Market Overview
1.1 Product Overview and Scope of Floating Storage and Regasification Unit (FSRU)
1.2 Classification of Floating Storage and Regasification Unit (FSRU) by Type
1.2.1 Overview: Global “Floating Storage and Regasification Unit (FSRU) Market Size” by Type: 2017 Versus 2021 Versus 2030
1.2.2 Global Floating Storage and Regasification Unit (FSRU) Revenue Market Share by Type in 20223
1.3 Global Floating Storage and Regasification Unit (FSRU) Market by Application
1.3.1 Overview: Global Floating Storage and Regasification Unit (FSRU) Market Size by Application: 2017 Versus 2021 Versus 2030
1.4 Global Floating Storage and Regasification Unit (FSRU) Market Size and Forecast
1.5 Global Floating Storage and Regasification Unit (FSRU) Market Size and Forecast by Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Floating Storage and Regasification Unit (FSRU) Market Drivers
1.6.2 Floating Storage and Regasification Unit (FSRU) Market Restraints
1.6.3 Floating Storage and Regasification Unit (FSRU) Trends Analysis

2 Company Profiles
2.1 Company
2.1.1 Company Details
2.1.2 Company Major Business
2.1.3 Company Floating Storage and Regasification Unit (FSRU) Product and Solutions
2.1.4 Company Floating Storage and Regasification Unit (FSRU) Revenue, Gross Margin and Market Share (2019, 2020, 2021 and 2023)
2.1.5 Company Recent Developments and Future Plans

3 Market Competition, by Players
3.1 Global Floating Storage and Regasification Unit (FSRU) Revenue and Share by Players (2019, 2020, 2021, and 2022)
3.2 Market Concentration Rate
3.2.1 Top3 Floating Storage and Regasification Unit (FSRU) Players Market Share in 2021
3.2.2 Top 10 Floating Storage and Regasification Unit (FSRU) Players Market Share in 2021
3.2.3 Market Competition Trend
3.3 Floating Storage and Regasification Unit (FSRU) Players Head Office, Products and Services Provided
3.4 Floating Storage and Regasification Unit (FSRU) Mergers and Acquisitions
3.5 Floating Storage and Regasification Unit (FSRU) New Entrants and Expansion Plans

4 Market Size Segment by Type
4.1 Global Floating Storage and Regasification Unit (FSRU) Revenue and Market Share by Type (2017-2023)
4.2 Global Floating Storage and Regasification Unit (FSRU) Market Forecast by Type (2023-2030)

5 Market Size Segment by Application
5.1 Global Floating Storage and Regasification Unit (FSRU) Revenue Market Share by Application (2017-2023)
5.2 Global Floating Storage and Regasification Unit (FSRU) Market Forecast by Application (2023-2030)

6 Regions by Country, by Type, and by Application
6.1 Floating Storage and Regasification Unit (FSRU) Revenue by Type (2017-2030)
6.2 Floating Storage and Regasification Unit (FSRU) Revenue by Application (2017-2030)
6.3 Floating Storage and Regasification Unit (FSRU) Market Size by Country
6.3.1 Floating Storage and Regasification Unit (FSRU) Revenue by Country (2017-2030)
6.3.2 United States Floating Storage and Regasification Unit (FSRU) Market Size and Forecast (2017-2030)
6.3.3 Canada Floating Storage and Regasification Unit (FSRU) Market Size and Forecast (2017-2030)
6.3.4 Mexico Floating Storage and Regasification Unit (FSRU) Market Size and Forecast (2017-2030)

7 Research Findings and Conclusion

8 Appendix
8.1 Methodology
8.2 Research Process and Data Source
8.3 Disclaimer

(Video) The Future of Natural Gas in Southeast Europe: Diversification and Phase-Out, 28 March 2023

9 Research Methodology

10 Conclusion

Continued….

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FAQs

How big is the FSRU? ›

In short, an FSRU is a Liquefied Natural Gas (LNG) storage ship that has an onboard regassification plant capable of returning LNG back into a gaseous state and then supplying it directly into the gas network. The ships themselves are big, up to 290 meters long and 49 meters wide with a draft of 11-12m.

How much does a FSRU cost? ›

An FSRU typically costs under US$300 million to build and can offer a lower-cost, faster, more flexible option.

What is FSRU and how is it different from FPSO? ›

As stated previously in this article, FSRU's are similar in their operation to FPSO's / FLNG's, except that FSRU's store and re-gasify the LNG to vapour compared with FLNG's that treat the natural gas and then liquefy it to liquified natural gas.

What is the regasification capacity of FSRU? ›

The FSRU has a storage capacity of 137,100 cbm and a regasification capacity of 3.75 bcm a year.

What is the largest FSRU in the world? ›

The FSRU vessel that will be dubbed Bauhinia Spirit is the world's largest, with a length of about 345 meters and a storage capacity of approximately 263,000 m3 of LNG. The ship was upgraded at Singapore's Keppel Shipyard.

What is the size of the LNG market in 2030? ›

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Floating LNG estimated at USD 10140 million in the year 2023, is projected to reach a revised size of USD 12970 million by 2030, growing at a CAGR of 4.2% during the forecast period 2023-2030.

How much does a regasification plant cost? ›

Regasification plant building capital costs are of the order of $1 billion per billion cubic feet of gas per day capacity, even though the process is much simpler than liquefaction.

How much does LNG regasification cost? ›

LNG regasification facilities are located closer to major Chinese consuming centers in eastern provinces and LNG regasification costs add approximately $1.00/MMBtu to the landed LNG import price of $7.10/MMBtu.

Who is the ownership of FSRU? ›

Just six companies own the live FSRU fleet: Excelerate Energy, Golar LNG, Höegh LNG, BW LNG, OLT and Mitsui OSK. Opportunities in floating imports contrast a conventional LNG-carrier market in which ships are standing idle. This reflects delays to new export projects, exacerbated by closures in Yemen and Angola.

What is the life time of FSRU? ›

Usually the leasing arrangements of FSRUs are for ten to twelve years.

How many FSRU ships are there? ›

In some cases, LNG tankers have been converted into FSRUs. At the end of 2021, the world fleet of FSRUs consisted of 48 vessels.

What is the advantage of FSRU? ›

How does an FSRU regasify LNG? They offer numerous benefits over traditional onshore storage facilities, including increased flexibility, faster deployment, and lower costs.

What is the outlook for floating storage and regasification units? ›

FSRU (Floating Storage and Regasification Unit) Market Projected to Reach 85 MTPA, with a CAGR of 13.88% by 2030 – Report by Market Research Future (MRFR)

What is the forecast for LNG capacity? ›

The wave will likely crest in 2026, with the addition of 64 million metric tons of annual liquefaction capacity—the most in the history of the global LNG industry. The supply additions will boost global liquefaction capacity by roughly 13% in a single year.

Can LNG be used without regasification? ›

Liquefied natural gas must be regasified to be used as fuel, power generation, for heating, cooking etc..

Who is the largest LNG operator in the world? ›

Qatargas. Qatargas, originally established in 1984 as a joint venture between Qatar Petroleum, ExxonMobil, and other partners, is the biggest LNG producer in the world. The company currently has a total of 208 wells which supply approximately 18.5 billion standard cubic feet of gas.

What is the biggest LNG project? ›

Qatargas 2 and Rasgas 3, both in Qatar, are the largest liquefaction plants worldwide based on capacity. Both units have an annual natural gas liquefaction capacity of 15.6 million metric tons, respectively.

Which company is the world largest LNG producer? ›

Shell PLC. Shell PLC (Shell) is one of the world's major O&G companies and known as “the world's largest LNG trader.” Originally known as “Royal Dutch Shell PLC,” the company changed its name to “Shell PLC” in 2022. As a global group of energy and petrochemical companies, Shell operates in 70+ countries.

What is the demand for LNG in 2030? ›

With the demand for gas expected to surge 12.5% through 2030, from 4 trillion cubic meters (Tcm) to around 4.5 Tcm, Rystad Energy predicts the supply of this gas in LNG form to increase from 380 million tons per annum (Mtpa) in 2021 to about 636 Mtpa in 2030 to peak at 705 Mtpa in 2024.

What is the natural gas demand forecast for 2030? ›

Will natural gas prices go up? According to Deloitte's forecast, gas prices could rise to an average of $6.35/Mcf in 2040, from an average of $5.40 in 2030. Remember, analysts' forecasts can be wrong. Always do your research before making any investment decisions.

What is the global LNG industry outlook to 2023? ›

Global LNG outlook for 2023 can remain strong but LNG demand growth will eventually decline, but not until 2030 – when Europe's decarbonisation and energy security policies take effect. It's not a good sign for the global LNG industry.

How much does it cost to build an LNG facility? ›

A new build LNG carrier might be expected to cost around $200 million to $250 million, which would typically require a charter rate of about $80,000- $100,000 per day to support capital and operating costs.

How long does it take to build an LNG regasification terminal? ›

Germany managed to build its first two floating LNG terminals in less than a year. It will take around five to six years for Poland. Why the difference? Germany launched its first floating liquefied natural gas terminal at the North Sea port of Wilhelmshaven at the end of 2022.

How much will the Cedar LNG project cost? ›

Cedar LNG has an estimated construction cost of more than $3 billion. Located in the province's northwest, about 630 kilometres west of Prince George, the project consists of a floating natural gas liquefaction plant and marine export terminal located in the Douglas Channel.

How much does floating LNG cost? ›

General – FLNG

The estimated price tag of the FLNG is US$2.03 billion.

Is LNG a good investment? ›

Per share LNG boasts an average earnings surprise of 70.9%. With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding LNG to their portfolios.

How much does US LNG liquefaction cost? ›

Rising material and financing costs have increased the fixed liquefaction fees required to support new US LNG export infrastructure to the high-$2s/MMBtu range, up from $2/MMBtu-$2.25/MMBtu less than a year ago, Cheniere Energy CEO Jack Fusco said March 6.

Who is the largest independent LNG trader? ›

Gunvor has been trading liquefied natural gas (LNG) since 2010, and has grown over time to become the largest independent LNG trading company in the world.

Who does China buy LNG from? ›

China covers just over half of its natural gas demand through domestic output, and the rest comes from Russia and Turkmenistan. The natural gas supplies are supplemented by LNG from the U.S. and other sources.

What is the first FSRU in the world? ›

Golar Spirit

How long will the world supply of natural gas last? ›

Conclusion: how long will fossil fuels last? It is predicted that we will run out of fossil fuels in this century. Oil can last up to 50 years, natural gas up to 53 years, and coal up to 114 years. Yet, renewable energy is not popular enough, so emptying our reserves can speed up.

Is LNG projected to become fastest growing hydrocarbon by 2030? ›

LNG demand to rise 25-50% by 2030, fastest growing hydrocarbon - Morgan Stanley. SINGAPORE, Oct 25 (Reuters) - Demand for liquefied natural gas (LNG) is expected to rise by 25 to 50% by 2030, making it the fastest growing hydrocarbon over the next decade, analysts from Morgan Stanley Research said in a note on Monday.

How long can gas storage last? ›

Full gas storage could sustain European countries for, at best, about three months, according to Aurora Energy Research. In Germany, home to nearly a quarter of the EU's storage, stored gas could meet 80 to 90 days of average demand.

Where is the largest LNG port in the world? ›

Sabine Pass is the largest operational liquefied natural gas terminal in the world. As of 2021, the terminal in Louisiana, United States has a capacity of 55.4 million metric tons per year. Qatargas 1 Ras Laffan in Qatar ranked second, with an annual capacity of 41.1 million metric tons.

What is the largest LNG shipping? ›

A ship of Q-Max size is 345 metres (1,132 ft) long and measures 53.8 metres (177 ft) wide and 34.7 metres (114 ft) high, with a draft of approximately 12 metres (39 ft). It has an LNG capacity of 266,000 cubic metres (9,400,000 cu ft), equal to 161,994,000 cubic metres (5.7208×109 cu ft) of natural gas.

Where is the largest LNG port? ›

Sabine Pass is the largest operational liquefied natural gas terminal in the United States as of 2021, with an annual capacity of 55.4 million metric tons. The terminal is located in Louisiana and is also the largest operational LNG terminal by capacity worldwide.

What are the benefits of floating LNG? ›

Reduced impact. FLNG technology offers countries a more environmentally-sensitive way to develop natural gas resources. Prelude will have a much smaller environmental footprint than land-based LNG plants, which require major infrastructure works. It also eliminates the need for long pipelines to land.

What is FSRU in oil and gas? ›

A floating storage regasification unit (FSRU) is a floating vessel that can transport, store, and re-gasify liquefied natural gas (LNG) onboard. An FSRU can transport and deliver natural gas to destinations that do not have onshore regasification terminals.

What is the benefit of LNG ships over pipelines? ›

Editor, a few advantages using LNG tankers over the gas pipeline would be better security, safety, flexibility, and safeguard of marine life. Environmentally, the approach would be sounder since, from the Gas to Shore consultant's report, the gas pipeline would be decommissioned in place.

What is the name of floating storage and regasification unit? ›

A Floating Storage Regasification Unit (FSRU) is a vital component required while transiting and transferring Liquefied Natural Gas (LNG) through the oceanic channels. Therefore, FSRU can be termed as a special type of ship used for LNG transfer.

What storage does Outlook use? ›

You get 15 GB of free Outlook.com email storage which is separate from your Microsoft cloud storage. You have 5 GB of free cloud storage with your Microsoft account shared across your files and photos in OneDrive, attachments in Outlook.com and your Microsoft 365 apps.

What is a floating storage production ship? ›

An FPSO is a floating production system that receives fluids (crude oil, water and a host of other things) from a subsea reservoir through risers, which then separate fluids into crude oil, natural gas, water and impurities within the topsides production facilities onboard.

Is LNG market growing? ›

The total market opportunity for the LNG market was USD 398.56 Mn in 2021 and is expected to grow at 5.10 percent CAGR over the forecast period to reach USD 593.35 Mn by 2029.

Is LNG in high demand? ›

Despite the growth in global LNG demand in 2022, the 5.5% increase in supply was relatively modest. Maintenance at large liquefaction ports and a longer-than-expected outage at Freeport in the United States, one of the largest LNG terminals in the world, contributed to this.

Is demand for LNG increasing? ›

India's LNG imports have escalated in recent months, according to official customs data, as several state-owned LNG buyers have reentered spot markets. The country's power demand has been increasing at its fastest rate in three decades, while a heat wave may keep gas and power demand high in the second quarter.

What is the difference between FSRU and FLNG? ›

In the above LNG value chain, the FLNG replaces the need for gas processing, liquefaction, storage and loading terminal at the load port whereas the FSRU negates the need for a receiving tank and regasification facility ashore at the discharge port. Onshore terminal or FSRU?

What can replace LNG? ›

LNG & Alternatives
  • Low Sulphur FuelOil (LSFO) – LSFuelOil <0.5%. ...
  • Distillate Fuel Oil – Marine GasOil (MGO) and Marine Diesel Oil (MDO). ...
  • Exhaust Gas Cleaning Systems – Scrubbers. ...
  • Alternative Energy Sources –Biodiesel, solar and wind power and methanol.

Who is the largest global LNG operator? ›

Qatargas. Qatargas, originally established in 1984 as a joint venture between Qatar Petroleum, ExxonMobil, and other partners, is the biggest LNG producer in the world. The company currently has a total of 208 wells which supply approximately 18.5 billion standard cubic feet of gas.

What is the largest LNG facility in the US? ›

Sabine Pass is the largest operational liquefied natural gas terminal in the United States as of 2021, with an annual capacity of 55.4 million metric tons. The terminal is located in Louisiana and is also the largest operational LNG terminal by capacity worldwide.

Which is the largest LNG export facility in the world? ›

Qatargas 2 and Rasgas 3, both in Qatar, are the largest liquefaction plants worldwide based on capacity. Both units have an annual natural gas liquefaction capacity of 15.6 million metric tons, respectively. The liquefaction plants are operated by Qatargas and owned by Qatar Petroleum and ExxonMobil.

Who owns FSRU vessels? ›

Just six companies own the live FSRU fleet: Excelerate Energy, Golar LNG, Höegh LNG, BW LNG, OLT and Mitsui OSK. Opportunities in floating imports contrast a conventional LNG-carrier market in which ships are standing idle.

Who is the US largest LNG supplier? ›

Here are three top options for investors to consider:
  • Cheniere Energy: It's the leader in producing and exporting LNG in the U.S.
  • Chevron: The U.S. giant has a large and growing LNG portfolio.
  • ExxonMobil: The U.S.-based supermajor has interests in LNG projects around the world that produce 23 million tons annually.
May 18, 2023

Who is the #1 exporter of LNG in the world? ›

Australia has the greatest LNG export capacity of any country worldwide. As of 2022, Australian terminals for liquefied natural gas exports had a combined capacity of 87.6 million metric tons per year.

Who owns most LNG carriers? ›

Japan owns the most significant value fleet for LNG vessels at $30.3 billion among top-notch ship-owning countries.

How many LNG plants are in the US? ›

There are more than 160 LNG facilities operating in the U.S. performing a variety of services.

Who is the biggest producer of LNG? ›

Top 10 Natural Gas Producers by Country (Updated 2023)
  1. United States. Production: 934 billion cubic meters. ...
  2. Russia. Production: 701.7 billion cubic meters. ...
  3. Iran. Production: 256.7 billion cubic meters. ...
  4. China. Production: 209.2 billion cubic meters. ...
  5. Qatar. Production: 177 billion cubic meters. ...
  6. Canada. ...
  7. Australia. ...
  8. Saudi Arabia.
May 24, 2023

Where does the US rank in LNG export? ›

In 2021, the United States was third in exports behind Australia and Qatar, which sold about 10.5 bcfd and 10.1 bcfd of gas as LNG, respectively, but was poised for the top spot in 2022 with the start of Venture Global LNG's Calcasieu Pass plant in Louisiana early in the year.

Can US export more LNG? ›

In our March STEO, we forecast that U.S. LNG exports will average 12.1 billion cubic feet per day (Bcf/d) in 2023, a 14% (1.5 Bcf/d) increase compared with last year. We expect LNG exports to increase by an additional 5% (0.7 Bcf/d) next year.

Videos

1. A Deep-Dive into American Petroleum Institute Standards for the LNG Industry
(U.S. Energy Association)
2. MEInetwork22 Seminar #3: Liquefied natural gas and export
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3. 2021 & Beyond Global LNG Market Outlook Webinar
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5. LNG to Power, Episode 6 – 3 November 2021
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