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About Liquefied Natural Gas (LNG) Market
Liquefied natural gas (LNG) is a natural gas that is converted into a liquid form to facilitate and guarantee the safety for transportation of natural gas. Natural gas is cooled at around -260 F, to form a clear, colorless, non-toxic liquid that can be easily transported.
The key drivers contributing to the growth of the liquefied natural gas (LNG) market size include the strong demand for natural gas in the downstream sectors, increasing development of pipeline infrastructures, and the growing number of favorable government regulations at the global level. Moreover, the increasing urbanization & industrialization and the growing emphasis on the development of adequate support infrastructure in emerging economies will further enhance the growth of the liquefied natural gas (LNG) market. Liquefied natural gas (LNG) plays an important role in the power generation, industrial, and mining sectors, thus surging the growth of the market. On the other edge, inadequate pipeline infrastructure in remote areas is likely to hamper the growth of the liquefied natural gas (LNG) market.
The notable players in the Liquefied Natural Gas (LNG) market include Royal Dutch Shell PLC, Total S.A., BP PLC, PetroChina Company Limited, Chevron Corporation, Canadian Natural, Exxon Mobil Corporation, Equinor ASA, Gazprom, and ConocoPhillips Company, among others.
Liquefied Natural Gas (LNG) Market by Application:
Mining & Industrial
Liquefied Natural Gas (LNG) Market by Region:
o United States of America
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
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