Liquefied Natural Gas (LNG) Market - Global Liquefied Natural Gas (LNG) Industry Analysis, Size, Share, Growth, Trends, and Forecast 2025-2032 - (By Infrastructure Type, By Application, By Geographic Coverage and By Company)

Description

The global Liquefied Natural Gas (LNG) market is expected to witness robust expansion, growing from US$ 126.1 Billion in 2025 to US$ 220.3 Billion by 2032, at a projected CAGR of 8.3%. This anticipated growth highlights the rising importance of LNG in the global energy mix as nations accelerate efforts to decarbonize, improve energy security, and support economic growth through clean energy alternatives.

Market Insights

As countries transition away from coal and oil, natural gas-particularly in liquefied form-is emerging as a flexible and lower-emission energy source. Between 1995 and 2020, the United States alone reduced carbon emissions by 14% due in large part to its shift from coal to natural gas. In 2023, global natural gas production rebounded by 0.7%, despite steep declines in Russia (-5.5%) and Europe (-9.3%), underscoring LNG's strategic role in mitigating supply risks during geopolitical disruptions.

Asia Pacific leads global LNG consumption, accounting for a 55.6% market share in 2024. Surging demand from China, India, and Japan continues to fuel regional growth. Meanwhile, the adoption of LNG as a maritime fuel rose 33% in 2024, signaling increased demand across transport applications.

Key Drivers

The primary driver behind LNG market expansion is rising global electricity demand. By 2026, global power consumption is forecast to grow at an annual rate of 3.4%, supported by the growth of energy-intensive sectors such as artificial intelligence, electric vehicles, and data centers. Natural gas, with its reliable supply and low carbon profile, is essential in meeting this demand while supporting renewable energy integration.

Additionally, LNG offers vital flexibility in regions facing intermittent energy sources or seasonal power needs. As developing nations continue to urbanize and industrialize, LNG plays a key role in scaling energy access while aligning with environmental targets.

Business Opportunities

New opportunities are emerging across infrastructure, technology, and international trade. Investments in liquefaction terminals, regasification capacity, LNG carriers, and storage are opening doors to regional energy partnerships and long-term supply contracts. Advanced technologies and modular production systems are enabling greater operational efficiency, while floating storage and regasification units (FSRUs) expand access to new markets.

The shipping industry is also turning to LNG to comply with international maritime emission norms. With significant emission advantages over traditional fuels, LNG is becoming the preferred option for cargo vessels, offering a compelling business case for fleet retrofits and green port developments.

Growth Challenges

Despite these prospects, market participants must contend with price volatility and infrastructure underutilization. Following steep LNG price hikes in 2022, prices moderated in 2023. However, renewed increases expected in 2024 could weaken LNG's price competitiveness against other fuels.

Furthermore, global regasification terminal utilization fell to 41% in 2023, down from 43% the year prior. This reflects a growing mismatch between expanding infrastructure and actual demand in some regions. With many terminals operating below capacity, especially in Europe and Asia, investment decisions are being scrutinized to ensure long-term return and strategic value.

Regional Outlook

Asia Pacific

Asia Pacific dominates the global LNG Analysis, with a 55.6% market share in 2024.

China saw a 7% increase in gas demand in 2023, supported by rising residential and power generation needs.
LNG imports met 42% of China's consumption, primarily sourced from Australia, Qatar, and Russia.
India's LNG imports jumped 20% in 2024, reaching 27 million tonnes. With demand set to grow 60% by 2030, LNG will remain central to its energy strategy.
Japan continues to rely on LNG as a transition fuel despite a slight consumption decline, thanks to its vast import infrastructure and storage capacity.

Europe

Europe accounted for 15.6% of the global market in 2024 but experienced a 19% drop in LNG imports due to aggressive renewables deployment and reduced fossil fuel dependency.

Major countries such as the UK, Belgium, and Spain saw LNG import declines of 47%, 29%, and 28%, respectively.
Despite lower demand, Europe is adding regasification capacity, set to grow by 60% from 2021 to 2030.
Over half of EU terminals operated below 40% utilization in 2024, raising concerns about overcapacity.
The U.S. remained Europe's top LNG supplier, though volumes dipped 18%, while Russian shipments unexpectedly rose due to gaps in pipeline supply.

Competitive Analysis

The global LNG market is largely oligopolistic, with a few multinational players controlling a significant share. Companies are increasingly investing in LNG value chains to ensure supply resilience and technological self-reliance.

Gazprom has redirected its focus toward LNG-powered marine transport and is developing in-house gas liquefaction technology (GMR) to strengthen its competitive edge. Global giants like Shell, BP, TotalEnergies, and ExxonMobil are expanding production capacity and prioritizing decarbonization in LNG portfolios through carbon capture, hydrogen blending, and renewable integration.

Key Players

Gazprom
ExxonMobil Corporation
China National Petroleum Corporation (CNPC)
Royal Dutch Shell PLC
BP PLC
Chevron Corporation
TotalEnergies SE
Equinor ASA
ConocoPhillips
Eni S.p.A.
EOG Resources
Ovintiv Inc.
Coterra Energy
Exco Resources
EQT Corporation
Chesapeake Energy
Hess Corporation
SM Energy Company
Occidental Petroleum

Market Segmentation

By Infrastructure Type

Liquefaction Terminals
Regasification Terminals
Storage Facilities
LNG Carriers (Shipping)

By Application

Power Generation
Transportation Fuel
Residential & Commercial
Miscellaneous

By Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

1. Executive Summary

1.1. Global Liquefied Natural Gas (LNG) Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2025
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Liquefied Natural Gas (LNG) Market Outlook, 2019-2032

3.1. Global Liquefied Natural Gas (LNG) Market Outlook, by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
- 3.1.1. Key Highlights
  - 3.1.1.1. Liquefaction Terminals
  - 3.1.1.2. Regasification Terminals
  - 3.1.1.3. Storage Facilities
  - 3.1.1.4. LNG Carriers (Shipping)
3.2. Global Liquefied Natural Gas (LNG) Market Outlook, by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
- 3.2.1. Key Highlights
  - 3.2.1.1. Power Generation
  - 3.2.1.2. Transportation Fuel
  - 3.2.1.3. Residential & Commercial
  - 3.2.1.4. Miscellaneous
3.3. Global Liquefied Natural Gas (LNG) Market Outlook, by Region, Value (US$ Bn) And Volume (Tons), 2019-2032
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Liquefied Natural Gas (LNG) Market Outlook, 2019-2032

4.1. North America Liquefied Natural Gas (LNG) Market Outlook, by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
- 4.1.1. Key Highlights
  - 4.1.1.1. Liquefaction Terminals
  - 4.1.1.2. Regasification Terminals
  - 4.1.1.3. Storage Facilities
  - 4.1.1.4. LNG Carriers (Shipping)
4.2. North America Liquefied Natural Gas (LNG) Market Outlook, by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
- 4.2.1. Key Highlights
  - 4.2.1.1. Power Generation
  - 4.2.1.2. Transportation Fuel
  - 4.2.1.3. Residential & Commercial
  - 4.2.1.4. Miscellaneous
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Liquefied Natural Gas (LNG) Market Outlook, by Country, Value (US$ Bn) And Volume (Tons), 2019-2032
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 4.3.1.2. U.S. Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 4.3.1.3. Canada Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 4.3.1.4. Canada Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Liquefied Natural Gas (LNG) Market Outlook, 2019-2032

5.1. Europe Liquefied Natural Gas (LNG) Market Outlook, by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
- 5.1.1. Key Highlights
  - 5.1.1.1. Liquefaction Terminals
  - 5.1.1.2. Regasification Terminals
  - 5.1.1.3. Storage Facilities
  - 5.1.1.4. LNG Carriers (Shipping)
5.2. Europe Liquefied Natural Gas (LNG) Market Outlook, by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
- 5.2.1. Key Highlights
  - 5.2.1.1. Power Generation
  - 5.2.1.2. Transportation Fuel
  - 5.2.1.3. Residential & Commercial
  - 5.2.1.4. Miscellaneous
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Liquefied Natural Gas (LNG) Market Outlook, by Country, Value (US$ Bn) And Volume (Tons), 2019-2032
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 5.3.1.2. Germany Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 5.3.1.3. U.K. Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 5.3.1.4. U.K. Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 5.3.1.5. France Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 5.3.1.6. France Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 5.3.1.7. Italy Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 5.3.1.8. Italy Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 5.3.1.9. Spain Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 5.3.1.10. Spain Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 5.3.1.11. Turkiye Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 5.3.1.12. Turkiye Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 5.3.1.13. Russia Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 5.3.1.14. Russia Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 5.3.1.15. Rest of Europe Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 5.3.1.16. Rest of Europe Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Liquefied Natural Gas (LNG) Market Outlook, 2019-2032

6.1. Asia Pacific Liquefied Natural Gas (LNG) Market Outlook, by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
- 6.1.1. Key Highlights
  - 6.1.1.1. Liquefaction Terminals
  - 6.1.1.2. Regasification Terminals
  - 6.1.1.3. Storage Facilities
  - 6.1.1.4. LNG Carriers (Shipping)
6.2. Asia Pacific Liquefied Natural Gas (LNG) Market Outlook, by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
- 6.2.1. Key Highlights
  - 6.2.1.1. Power Generation
  - 6.2.1.2. Transportation Fuel
  - 6.2.1.3. Residential & Commercial
  - 6.2.1.4. Miscellaneous
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Liquefied Natural Gas (LNG) Market Outlook, by Country, Value (US$ Bn) And Volume (Tons), 2019-2032
- 6.3.1. Key Highlights
  - 6.3.1.1. China Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 6.3.1.2. China Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 6.3.1.3. Japan Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 6.3.1.4. Japan Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 6.3.1.5. South Korea Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 6.3.1.6. South Korea Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 6.3.1.7. India Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 6.3.1.8. India Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 6.3.1.9. Southeast Asia Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 6.3.1.10. Southeast Asia Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 6.3.1.11. Rest of Asia Pacific Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 6.3.1.12. Rest of Asia Pacific Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Liquefied Natural Gas (LNG) Market Outlook, 2019-2032

7.1. Latin America Liquefied Natural Gas (LNG) Market Outlook, by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
- 7.1.1. Key Highlights
  - 7.1.1.1. Liquefaction Terminals
  - 7.1.1.2. Regasification Terminals
  - 7.1.1.3. Storage Facilities
  - 7.1.1.4. LNG Carriers (Shipping)
  - 7.1.1.5. Misc (Ni-Si, etc,)
7.2. Latin America Liquefied Natural Gas (LNG) Market Outlook, by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
- 7.2.1. Key Highlights
  - 7.2.1.1. Power Generation
  - 7.2.1.2. Transportation Fuel
  - 7.2.1.3. Residential & Commercial
  - 7.2.1.4. Miscellaneous
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Liquefied Natural Gas (LNG) Market Outlook, by Country, Value (US$ Bn) And Volume (Tons), 2019-2032
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 7.3.1.2. Brazil Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 7.3.1.3. Mexico Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 7.3.1.4. Mexico Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 7.3.1.5. Argentina Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 7.3.1.6. Argentina Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 7.3.1.7. Rest of Latin America Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 7.3.1.8. Rest of Latin America Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Liquefied Natural Gas (LNG) Market Outlook, 2019-2032

8.1. Middle East & Africa Liquefied Natural Gas (LNG) Market Outlook, by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
- 8.1.1. Key Highlights
  - 8.1.1.1. Liquefaction Terminals
  - 8.1.1.2. Regasification Terminals
  - 8.1.1.3. Storage Facilities
  - 8.1.1.4. LNG Carriers (Shipping)
8.2. Middle East & Africa Liquefied Natural Gas (LNG) Market Outlook, by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
- 8.2.1. Key Highlights
  - 8.2.1.1. Power Generation
  - 8.2.1.2. Transportation Fuel
  - 8.2.1.3. Residential & Commercial
  - 8.2.1.4. Miscellaneous
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Liquefied Natural Gas (LNG) Market Outlook, by Country, Value (US$ Bn) And Volume (Tons), 2019-2032
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 8.3.1.2. GCC Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 8.3.1.3. South Africa Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 8.3.1.4. South Africa Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 8.3.1.5. Rest of Middle East & Africa Liquefied Natural Gas (LNG) Market by Infrastructure Type, Value (US$ Bn) And Volume (Tons), 2019-2032
  - 8.3.1.6. Rest of Middle East & Africa Liquefied Natural Gas (LNG) Market by Application, Value (US$ Bn) And Volume (Tons), 2019-2032
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs by ApplicationHeatmap
9.2. Company Market Share Analysis, 2025
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Gazprom
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. ExxonMobil Corporation
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Product Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. China National Petroleum Corporation (CNPC)
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Product Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. Royal Dutch Shell PLC
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Product Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. BP PLC
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Product Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Development
- 9.4.6. Chevron Corporation
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Product Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. Total S.A. (now TotalEnergies SE)
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Product Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. Statoil ASA (now Equinor ASA)
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Product Portfolio
  - 9.4.8.3. Financial Overview
  - 9.4.8.4. Business Strategies and Development
- 9.4.9. ConocoPhillips
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Product Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Development
- 9.4.10. Eni S.p.A.
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Product Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Development
- 9.4.11. EOG Resources
  - 9.4.11.1. Company Overview
  - 9.4.11.2. Product Portfolio
  - 9.4.11.3. Financial Overview
  - 9.4.11.4. Business Strategies and Development
- 9.4.12. Encana Corporation (now Ovintiv Inc.)
  - 9.4.12.1. Company Overview
  - 9.4.12.2. Product Portfolio
  - 9.4.12.3. Financial Overview
  - 9.4.12.4. Business Strategies and Development
- 9.4.13. Cimarex Energy (merged with Cabot Oil & Gas to form Coterra Energy)
  - 9.4.13.1. Company Overview
  - 9.4.13.2. Product Portfolio
  - 9.4.13.3. Financial Overview
  - 9.4.13.4. Business Strategies and Development
- 9.4.14. Exco Resources
  - 9.4.14.1. Company Overview
  - 9.4.14.2. Product Portfolio
  - 9.4.14.3. Financial Overview
  - 9.4.14.4. Business Strategies and Development
- 9.4.15. EQT Corporation
  - 9.4.15.1. Company Overview
  - 9.4.15.2. Product Portfolio
  - 9.4.15.3. Financial Overview
  - 9.4.15.4. Business Strategies and Development
- 9.4.16. Chesapeake Energy
  - 9.4.16.1. Company Overview
  - 9.4.16.2. Product Portfolio
  - 9.4.16.3. Financial Overview
  - 9.4.16.4. Business Strategies and Development
- 9.4.17. Hess Corporation
  - 9.4.17.1. Company Overview
  - 9.4.17.2. Product Portfolio
  - 9.4.17.3. Financial Overview
  - 9.4.17.4. Business Strategies and Development
- 9.4.18. SM Energy Company
  - 9.4.18.1. Company Overview
  - 9.4.18.2. Product Portfolio
  - 9.4.18.3. Financial Overview
  - 9.4.18.4. Business Strategies and Development
- 9.4.19. Anadarko Petroleum (acquired by Occidental Petroleum).
  - 9.4.19.1. Company Overview
  - 9.4.19.2. Product Portfolio
  - 9.4.19.3. Financial Overview
  - 9.4.19.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations