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FLNG Market Size
- Report ID: GMI1242
- Published Date: Jul 2017
- Report Format: PDF
FLNG Market Size
FLNG Market size for 2016 was valued over USD 10 billion and is set to exceed 300 MTPA by 2024.
Increasing demand for clean fuel technologies along with rising focus toward sustainable energy mix will accelerate the FLNG market growth. Rapid depletion of fossil fuel coupled with ongoing measures to reduce carbon footprint will facilitate positive business growth. As per the International Energy Agency (IEA), the global NG demand witnessed a 4.6% rise in 2018 when compared with 2017 levels. The U.S. and China are the largest contributors for the rise in gas production with a share of over 50% of the total increase.
Ability to accelerate the gas procurement along with surge in number of natural gas fired plants will foster the FLNG market. In 2017, the Indonesian government introduced a program to develop the LNG import infrastructure and gas-fired power plants to improve their electrification targets. Rapid development of various projects along with increasing consumption of gas will enhance the industry outlook. In 2017, Keppel built the Hilli Episeyo which was the first converted vessel, with gross tonnage of 120,000 and a length of 300 meters.
| Report Attribute | Details |
|---|---|
| Base Year: | 2016 |
| FLNG Market Size in 2016: | 10 Billion (USD) |
| Forecast Period: | 2017 to 2024 |
| Forecast Period 2017 to 2024 CAGR: | 25% |
| 2024 Value Projection: | 78 Billion (USD) |
| Historical Data for: | 2013 to 2016 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 333 |
| Segments covered: | Technology, Capacity and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
FLNG Market Scope
