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Liquefied Natural Gas Market Supply and Demand Analysis - Global Outlook and Forecast 2024-2030

Global liquefied natural gas (LNG) market was valued at USD 138.84 billion in 2023 and is projected to reach USD 174.35 billion by 2030, growing at a CAGR of 3.3% during the forecast period. Asia-Pacific dominates the market with about 55% share, followed by Europe and North America with over 35% combined market share.<br><br>https://www.24chemicalresearch.com/reports/262634/global-liquefied-natural-gas-market-2024-2030-756

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Liquefied Natural Gas Market Supply and Demand Analysis - Global Outlook and Forecast 2024-2030

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  1. www.24chemicalresearch.com Latest Research Report : Liquefied Natural Gas Market Outlook and Forecast 2025 Comprehensive insight into regional dynamics, growth drivers, and market segmentation.

  2. MARKET OVERVIEW: Global liquefied natural gas (LNG) market was valued at USD 138.84 billion in 2023 and is projected to reach USD 174.35 billion by 2030, growing at a CAGR of 3.3% during the forecast period. Asia-Pacific dominates the market with about 55% share, followed by Europe and North America with over 35% combined market share.

  3. CAGR 2023 Click Here for More Detailed Report 2030 MARKET INSIGHT & GROWTH DRIVERS: USD 138.84 MILLION USD 174.35 MILLION 3.3% The market growth is driven by increasing gold mining activities, particularly in Asia-Pacific and Africa, where cyanide leaching remains the dominant extraction method. However, environmental concerns and stringent regulations pose challenges to market expansion.

  4. 02 MARKET SEGMENTATION: 01 03 BY APPLICATION By Transportation Mode BY TYPE • Power Generation • Transportation Fuel • Above Ground Storage • Floating Storage • LNG Carriers • Road Tankers

  5. MARKET DYNAMICS Growing Demand for Clean Energy to Fuel Global LNG Market Expansion Global push towards cleaner energy sources is accelerating LNG adoption as nations transition away from coal and oil. As the cleanest fossil fuel, LNG emits 50-60% less CO2 than coal when used for power generation, making it crucial for meeting international climate commitments.

  6. MARKET OPPORTUNITIES Many developing nations in Asia and Africa represent untapped opportunities for LNG market expansion. As these countries experience economic growth and urbanization, their energy demand is increasing at 3-5% annually, outpacing global averages. Limited domestic gas production and inadequate pipeline infrastructure make LNG the most viable solution to meet this growing need COMPANY MISSION The global LNG trade landscape is undergoing substantial realignment due to geopolitical developments. Since 2022, Europe's LNG imports increased by over 60% as the region diversified from pipeline gas, creating new arbitrage opportunities. Simultaneously, Asian buyers are securing long-term contracts with US exporters, accounting for nearly 70% of new US LNG contracts signed in 202

  7. REGIONAL MARKET OUTLOOK North America LNG market in North America is experiencing robust growth due to the U.S. position as the world's largest LNG exporter in 2023, shipping approximately 88.9 million metric tons. This expansion is driven by abundant shale gas reserves and significant investments in liquefaction terminals along the Gulf Coast.. Europe Europe's LNG demand surged by 60% in 2022 following the Russia-Ukraine conflict, with imports reaching 121 million metric tons as countries rapidly diversified supplies. Germany accelerated LNG terminal construction, commissioning five floating storage and regasification units (FSRUs) within months. The EU's REPowerEU plan mandates reducing Russian gas imports,

  8. DOWNLOAD FREE SAMPLE PDF BROCHURE COMPETITIVE LANDSCAPE • Royal Dutch Shell PLC (Netherlands/UK) • Exxon Mobil Corporation (U.S.) • BP plc (UK) • TotalEnergies SE (France) • Chevron Corporation (U.S.) These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics.

  9. www.24chemicalresearch.com About Us Founded in 2015, 24chemicalresearch is a trusted name in global chemical industry intelligence. We specialize in delivering high-quality market research reports, empowering over 30+ Fortune 500 clients with data-driven insights for strategic growth. Our team of experienced analysts delivers customized, reliable, and timely research backed by a rigorous methodology. From mining regulatory trends to forecasting market opportunities, our reports help companies navigate industry challenges, stay competitive, and grow confidently. As a one-stop platform for the chemical sector, we offer: • Deep specialization in chemical market analysis • Customized reports tailored to your needs • A robust portal with free samples, consulting, and competitive insights

  10. www.24chemicalresearch.com Contact Us: help@24chemicalresearch.com USA & International: +1 332 2424 294 Asia (India): +91 9169162030 Follow Us:

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