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Last Updated: Apr 25, 2025 | Study Period:
Natural gas may be transformed into a liquid called liquefied natural gas (LNG). Natural gas is transformed to liquid at -162oC in the presence of air pressure.
When natural gas is liquefied, its volume is decreased by 600 times its original volume, making it simpler to transfer from one location to another when compared to other sources of fuel energy.
Because contaminants such as dust, sulphur, carbon dioxide, some of the heavier hydrocarbons, and water vapours contained in natural gas are eliminated during condensation, LNG is a green gas. Following the removal of impurities
It is mostly composed of methane, with just trace quantities of other hydrocarbons. The possibility of flammability lowers after condensation; it is a non-toxic, non-corrosive, and odourless liquid.
Liquefied natural gas is super lightweight; its weight is half that of water, therefore it may float if spilt on water.
LNG is a cost-effective commodity that can be used as both a fuel and a raw material; it is a rapidly increasing sector, therefore it will be sustainable for extended periods of time and will improve manufacturing processes in industries.
Because it is pure methane gas, it offers a cleaner working environment with reduced operating and maintenance expenses.
It is an environmentally favourable and green gas choice, with liquefied natural gas implying the total elimination of oxides of sulphur and a reduction in oxides of nitrogen emissions of up to 85 percent. Furthermore, LNG cuts carbon dioxide emissions by up to 20%.
Natural gas is among the world's largest most essential sources of energy. This gas now provides nearly 30% of the world's energy demands.
The majority of it is delivered in gaseous form through a pipeline. However, Liquefied Petroleum Gas (LPG), Natural Gas Liquids (NGL), and Liquefied Natural Gas (LNG) have grown in importance in the global energy industry during the last two decades.
Natural gas, and particularly LNG, are projected to play a critical role in the world's shift to greener energy sources.
To know more about Global LNG Fuel Market, read our report
The increased production of natural gas in the United States has sparked a spirited discussion over the future of natural gas exports.
To unlock future growth in natural gas consumption, more domestic competition is required, which will be sparked by more market liberalisation in key Asian consuming nations.
Natural gas is a vital source of energy for many major Asian importers, the most important of which are Japan and Korea. These import requirements are met by comprehensive long-term agreements with the United States of America as part of ongoing supply and demand.
The US was forecast to become a net importer of natural gas, while Russia's government Gazprom dominated the European market. The surge in shale-gas output in the United States altered all of that.
While the US had been trading gas locally via pipeline for decades, the shale revolution enabled the export of US liquefied natural gas, pitting the two gas giants against one another.
The enormous surge in North American energy production not only rendered Russian gas unviable in this market, but numerous LNG manufacturers (including Qatar, Algeria, Nigeria, and others) targeted the US and made large expenditures to enhance their LNG supply.
Because of the market dynamics in the US LNG market, the country has become a net LNG exporter to a variety of countries, including many European Union states.
As the usage of gas for power production grows, the interdependence of the gas and electricity sectors may provide regional dependability concerns.
Coordination between the two industries, such as aligning gas and electricity bidding and scheduling days, is an issue that has to be addressed further.
Gas-fired power producers in some places lack incentives to get gas in time frames and volumes that would generate market signals for gas sector infrastructure expansion.
This has resulted in much-needed dynamical modifications in the US LNG market utilisation as part of product utilisation inside the country's localised restrictions other than export capacity.
As a result, it provides the possibility to boost the dynamical reaction and needs being executed at all times in the US LNG market's LNG production capabilities.
The US LNG Market can be segmented into following categories for further analysis.
US LNG Market By Installation Type
US LNG MarketBy Application
US LNG MarketBy Integration / Structure Type
US LNG MarketBy Technology Production Type
US LNG MarketBy Ownership Model Operation Type
US LNG MarketBy Regional Classification
Almost all large-scale liquefaction plants in operation employ liquefaction process technologies developed by American firms.
The method of producing LNG from natural gas is divided into three stages: gas treatment, dehydration, and liquefaction. Impurities such as entrained particulate matter, mercury, and acid gases such as H2S and CO2 are removed from the raw gas during treatment.
The APCI-C3MR liquefaction technique is the most often employed for land-based LNG facilities today. The feed natural gas stream is effectively precooled with such a propane refrigerant, and the liquefaction is finished using a mixed refrigerant blend of nitrogen (N2), ethane (C2), methane (C1), and propane (C3). With the utilisation of easily available refrigerant streams, C3MR technology is well-known for its great efficiency, easy operation, and reliability. However, the use of propane as a primary refrigerant necessitates considerable risk management.
Propane is highly flammable, heavier than air, and collects in low-lying locations, posing an explosion danger if a leak occurs.
Propane's hazardous qualities motivate several plant design decisions, such as having refrigerant storage tanks to be positioned some distance away from the primary operations.
Typically, the Cascade method requires three pure refrigerants, such as methane, ethylene, and propane. The flow path is cooled to around -35°C in the propane cycle, then to about -90°C in the ethylene cycle, and ultimately to -155°C in the gas cycle.
The industry has profited from the evolutionary strategy. The well-established LNG technology has improved the US LNG Market's accessibility to LNG EPC bidders, allowing them to bid on a lump sum turnkey basis, boosting the execution certainty of the enterprises implementing LNG plant projects.
To know more about India LNG Market, read our report
With the IMO 2020 standards going into effect at the beginning of 2020, which will assist decrease emissions, enhance efficiency, and generate cost savings, interest in LNG as a marine fuel has surged.
While the industry is spent on infrastructure ahead of demand, additional investment in the future years will help to accelerate the use of LNG as a maritime fuel.
In the worldwide scene, the US LNG Market adopts and houses one of the most influential and significant reserves of LNG Regasification and Production plants.
Companies are investing in the natural resources of the United States of America as more countries seek to shift their energy dependency away from coal and oil and toward cleaner-burning fuels.
The Alaska LNG Mega-project will become one of the largest natural gas ventures in the world. The project, which is being built near the industrial town of Nikiski on Alaska's Kenai Peninsula, comprises a complete LNG liquefaction plant, a storage and transportation facility, an 800-mile pipeline from the North Slope to the plant, and a gas processing plant.
Cheniere Energy is developing the Corpus Christi LNG Liquefaction Plant on one of its existing platforms that was originally approved for a regasification terminal. It will carry three to five liquefaction trains in total.
The facility's initial stage, the building of trains 1 and 2, is approaching completion. Train 1 commenced producing LNG in November 2018, with clearance obtained for Train 2 commissioning activities in January 2019.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2021-2026 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2021-2026 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2021-2026 |
| 21 | Product installation rate by OEM, 2021 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2021 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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