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LNG Virtual Pipeline Market Trends

  • Report ID: GMI9753
  • Published Date: Jun 2024
  • Report Format: PDF

LNG Virtual Pipeline Market Trends

As populations grow and urbanization expands, the demand for energy in remote and off-grid areas is increasing. LNG-based virtual pipelines offer a flexible and efficient solution for delivering natural gas to these regions without the need for extensive pipeline infrastructure. This trend is particularly evident in areas with limited access to traditional energy sources, such as rural communities and island nations.
 

The global expansion of LNG infrastructure, including liquefaction plants, regasification terminals, and storage facilities, is fueling the growth of virtual pipelines. These investments enable the efficient production, storage, and transportation of LNG, making it more accessible and cost-effective for virtual pipeline projects. Moreover, advancements in small-scale LNG technology are facilitating the development of decentralized virtual pipeline networks, catering to a wider range of customers and applications.
 

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of LNG virtual pipeline was worth over USD 1.4 billion in 2023 and will grow at a 5.4% CAGR between 2024 and 2032, driven by increasing demand for cleaner energy sources, coupled with versatility and accessibility.

The industrial segment in the LNG virtual pipeline industry will register 5.3% CAGR from 2024 to 2032, primarily due to its robust demand for reliable energy solutions.

North America LNG virtual pipeline industry will exceed USD 900 million by 2032, propelled by abundant shale gas resources, coupled with presence of well-established infrastructure network.

Air Products and Chemicals, Inc., Aggreko, CNG Services Limited, FIBA Technologies, Inc., Galileo Technologies S.A., GasGrows Solutions Private Limited, Gas Malaysia Virtual Pipeline Sdn. Bhd., Gáslink - Gás Natural, S.A., Hexagon Agility, Kinder Morgan, and NG Advantage LLC., among others.

LNG Virtual Pipeline Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 15
  • Countries covered: 16
  • Pages: 350
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