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The global liquefied natural gas market size was valued at USD 122.60 billion in 2024 and is expected to grow at a CAGR of 11.6% from 2025 to 2030. The growing demand for electric power through clean energy sources is likely to propel market growth over the coming years.
Jun 26, 2024 · 2024 World LNG Report. This is the 15th annual edition of the World LNG Report, the world’s most comprehensive public source of information on key developments and trends in Liquefied Natural Gas (LNG). The global LNG market now connects 20 exporting with 51 importing markets, while supply is currently the primary limiting factor on growth.
Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as industrial coal-to-gas switching gathers pace in China and South Asian and South-east Asian countries use more LNG to support their economic growth.
The global liquefied natural gas (LNG) market size was valued at US$ 124.9 billion in 2023 and is projected to reach a value of US$ 286.6 million by 2030, at a CAGR of 12.6% from 2024-2030. Liquefied Natural Gas (LNG) is natural gas that has been cooled to a liquid state at around -162°C (-260°F).
- Challenges Today and Tomorrow
- Opportunities For LNG
- How to Win in The New LNG Environment
A sustained period of lower oil prices has reduced gas prices directly through oil-indexed contracts (which remain the norm in many Asian markets)and indirectly by decreasing the financial incentive for consumers of oil-based fuels to switch to natural gas. At the same time, the emergence of large-scale North American LNG exports has made it easier...
The same trend that contributes to LNG’s challenges also creates an opportune landscape. Lower wholesale gas prices in end-use markets, for instance, mean the economics of gas use are increasingly favorable when compared with alternatives such as oil. Recent investments in terminals and pipelines to connect gas to consumers have also increased gas ...
To capture the growth potential of LNG in an increasingly competitive market, most companies need to shift how they conduct business, particularly by focusing their efforts in five areas. While these actions differ from those that supported success in the old commercial model—gaining control of gas resources, building strong customer relationships—...
Liquefied Natural Gas (LNG) Market Trends. Liquefaction Sector to Dominate the Market. In the last decade, there has been a significant rise in industrialization and urbanization, which has resulted in a surge in carbon dioxide and greenhouse gases worldwide.
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What are the major liquefied natural gas market trends?
Why is the global liquefied natural gas market growing?
What is the global liquefied natural gas (LNG) market size?
Why is the liquefied natural gas market volatile?
Which countries are expected to dominate the liquefied natural gas market?
Which liquefied natural gas market has the largest revenue share in 2024?
The global liquefied natural gas (LNG) market size reached approximately 4.52 billion barrels in 2023. The market is projected to grow at a CAGR of 2.8% between 2024 and 2032, reaching a volume of around 5.78 billion barrels by 2032.
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related to: What are the major liquefied natural gas market trends?We recognize that energy demand is growing, and the world needs lower carbon solutions. Chevron is working to provide affordable, reliable, and ever-cleaner energy for millions.
Find Out Why Our Sector Manager Believes 2024 May Be Bright for the Energy Sector. Dig Into Rising Oil Prices & Other Reasons We Think the Outlook for Energy Is Positive.
The Abundance & Versatility Of Natural Gas Makes It A Valuable Energy Source. Learn More. Natural Gas Emits Less CO2 Than Coal. Read More.
