Sep 04, 2019 (AmericaNewsHour) -- A report on ‘FLNG market’ is covered in a newly published research added to the repository of Market Study Report, LLC. It offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor’s analysis in addition to highlighting growth strategies embraced by market leaders.
Floating Liquefied Natural Gas (FLNG) Market size is set to exceed USD 78 billion by 2024, according to a new research report.
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Notable players in the FLNG market include Royal Dutch Shell, Golar LNG, H?egh LNG, Excelerate, Exmar, Eni, Ophir Energy, Mitsui O.S.K. Lines, Petronas, Noble Energy, Woodside Petroleum, Hyundai Heavy Industries, Samsung Heavy Industries, DSME and Associates, and Mitsubishi Heavy Industries.
Competitive pricing, existing production assets and flexible volume contracts will embellish the small scale FLNG market growth. These developments can unlock marginal fields by eliminating the use of high pipeline infrastructure costs and highly capital intensive remote onshore LNG plant installation. Africa aims to commission its first floating LNG vessel offshore Cameroon to commence small scale LNG export operations by 2018.
Significant developments of integrated LNG-to-power projects predominantly across the power deficit countries will stimulate the FSRU market. Growing demand for gas fueled power plants will reinforce the commercialization of LNG regasification which will positively impact the industry growth. Mobility, short construction periods, cost efficiency and lower environmental impact are some of the key factors which will positively drive the FLNG market. In 2015, South Africa Department of Energy (DOE) introduced its LNG to Power IPP Procurement Programme to produce upto 3000 MW of capacity from gas fired power plants.
Rising demand for cleaner fuel coupled with stringent government regulations across the maritime industry will stimulate the FLNG market size. The International Maritime Organization Tier III establishes limits on NOx emissions and requires the use of lower sulfur content fuel. The requirements apply to vessels operating in the U.S. waters and North American Emission Control Area (ECA).
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Technological innovation to design reliable and high performance floating infrastructure will stimulate the Australia FLNG market size. In July 2017, Shell introduced Prelude which can withstand the severest cyclones including those of Category 5. It will enable the development 3 Tcf of gas fields which are uneconomic to produce through other means.
Colombia floating liquefied natural gas market is set to exceed 8 MTPA by 2024. High natural gas reserve potential along with flexible fiscal policies will fuel the industry growth. Robust growth in natural gas discoveries subject to the country's regulatory reforms favorable to foreign investments will further complement the business outlook. Privatization of Colombian energy resources enabled many foreign players to foray into its exploration and production sector.
U.S. FLNG market is set to witness gain over 38 % by 2024. Favorable government measures to minimize ecological damage from marine operations will stimulate the product demand. In 2017, the U.S. Maritime Administration (MARAD) approved the country's first deep-water floating LNG export facility in the Gulf of Mexico. The facility will include four floating liquefaction vessels, each having a capacity of 210,000 cubic meters of natural gas to reduce number of coastal shipments.
Floating liquefied natural gas market research report includes in-depth coverage of the industry with estimates & forecast in terms of MTPA & USD Billion from 2014 to 2024, for the following segments:
Global Floating Liquefied Natural Gas Market, By Technology
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Some of the TOC of FLNG Market report includes:
Chapter 1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
Chapter 2. Executive Summary
2.1. FLNG industry 360 degree synopsis, 2014 – 2025 (USD Million)
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Mobility trends
2.1.4. Technology trends
2.1.5. Mode trends
2.1.6. End-use trends
2.1.7. Regional trends
Chapter 3. FLNG Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 – 2025 (USD Million)
3.3. Industry impact factors
3.3.1. Growth drivers
3.4. Growth potential analysis
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