Axiom MRC added an, “Liquefied Natural Gas (LNG) Market Report, By Process Type, Application and Geography - Global Market Share, Trend Analysis & Forecast Up To 2024” The global liquefied natural gas market is estimated and forecasted in terms of revenue (USD million) generated by the market.
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Liquefied Natural Gas (LNG) Market Report Analysis
Liquefied natural gas (LNG) is a colorless and non- toxic and liquid form of natural gas. It is form cooling the natural gas. The cooling process makes the LNG easier and safer to store and ship. This liquid natural gas is turned into gas at regasification plant.
Growth of the liquefied natural gas market is attributed to growing industrialization and globalization. Moreover, liquefied natural gas is a carbon-emitting fossil fuel which burns cleaner than coal and heating oil which further boosts the market.
Liquefied Natural Gas (LNG) Market Players:
Some of the key participants of the global liquefied natural gas market are Anadarko Petroleum Corporation, Chevron Corporation, NIOC, PETRONAS, ROSNEFT, WOODSIDE, Cheniere Energy, Inc, Gazprom, INPEX, NOVATEK, Exxon Mobil Corporation, Royal Dutch Shell, British Petroleum, Petro China, Equinor ASA, China Petroleum & Chemical Corporation, Gazprom, Canadian Natural, ConocoPhillips Company, etc.
Liquefied Natural Gas (LNG) Market Segmentation Based on Following:
LNG Market by Process Type:
• Liquefaction Terminal
• Regasification Terminal
LNG Market by Application:
• Power Generation
• Transportation
• Mining
• Industrial
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LNG Market by Geography:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa.
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