PUBLISHER: The Business Research Company | PRODUCT CODE: 1929067
PUBLISHER: The Business Research Company | PRODUCT CODE: 1929067
Liquefied natural gas (LNG) is a fuel gas derived from the purification of natural gas and its transformation to a temperature of -260°F, turning it into a liquid form.
The primary types of liquefied natural gas include APCI liquefaction technology, cascade liquefaction technology, and other variations. APCI liquefaction technology involves a multistage propane (C3) precooling system, utilizing a nitrogen, methane, ethane, and propane MR system for liquefaction. The diverse applications of LNG encompass power generation, transportation fuel, and other uses.
Tariffs have influenced the liquefied natural gas market by increasing costs related to liquefaction equipment, cryogenic storage systems, and LNG carriers. These impacts are most visible in large scale LNG export projects, particularly in asia pacific and europe. Import duties have affected LNG pricing and long term supply contracts. Infrastructure development timelines have also been extended due to equipment sourcing challenges. Positively, tariffs are encouraging domestic LNG infrastructure development and regional liquefaction investments.
The liquefied natural gas market research report is one of a series of new reports from The Business Research Company that provides liquefied natural gas market statistics, including liquefied natural gas industry global market size, regional shares, competitors with a liquefied natural gas market share, detailed liquefied natural gas market segments, market trends and opportunities, and any further data you may need to thrive in the liquefied natural gas industry. This liquefied natural gas market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The liquefied natural gas market size has grown strongly in recent years. It will grow from $153.65 billion in 2025 to $163.69 billion in 2026 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to growth in global energy demand, limitations of pipeline infrastructure, expansion of power generation capacity, rise in natural gas production, demand for cleaner fossil fuels.
The liquefied natural gas market size is expected to see strong growth in the next few years. It will grow to $220.22 billion in 2030 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to energy transition initiatives, growth in LNG fueled shipping, expansion of gas fired power plants, investment in LNG terminals, rising demand from emerging economies. Major trends in the forecast period include expansion of LNG as a cleaner power fuel, rising adoption in heavy duty transportation, growth in small scale LNG infrastructure, increasing investment in LNG liquefaction projects, rising cross border LNG trade.
Rising demand for liquefied natural gas (LNG) is expected to drive the growth of the LNG market in the coming years. Liquefied natural gas is natural gas that has been purified and cooled to approximately -260°F, converting it into a liquid form for easier storage and transportation. This growing demand is fueled by increasing motor fuel consumption and the expanding semi-urban and rural population, which is driving higher overall energy needs. The LNG market supports these requirements by providing a cleaner, efficient, and scalable fuel alternative for power generation, transportation, and industrial applications. For example, in June 2025, the U.S. Energy Information Administration reported that natural gas accounted for around 38% of total U.S. energy production in 2024, while natural gas plant liquids contributed about 9%, with NGPL production reaching a record 4 trillion cubic feet, a 7% increase compared to 2023. Consequently, rising demand for liquefied natural gas is fueling the growth of the LNG market.
Major players in the liquefied natural gas market are also focusing on the development of innovative products to drive revenue growth. One such product is SnapLNG, a modular and standardized solution for low-carbon and faster time-to-market LNG production. In September 2023, Technip Energies N.V., a Netherlands-based company specializing in engineering and technology for the energy industry, launched SnapLNG. This pre-engineered system offers a complete LNG liquefaction plant with streamlined project execution, providing unprecedented levels of assurance regarding cost, schedule, plant dependability, and availability. The solution consists of repeatable modules ready for delivery and installation, with a capacity of 2.5 Mtpa.
In October 2024, Woodside Energy, an Australia-based energy company that supplies energy for homes, industry, and cooling, acquired Tellurian Inc. for $1.2 billion. This acquisition is intended to strengthen Woodside Energy's position in the U.S. liquefied natural gas (LNG) market and broaden its global operations. Tellurian Inc. is a U.S.-based natural gas company that specializes in developing low-cost liquefied natural gas (LNG) projects.
Major companies operating in the liquefied natural gas market are BP plc, Chevron Corporation, Eni SpA, Exxon Mobil Corporation, TotalEnergies SE, Cheniere Energy Inc., ConocoPhillips Company, Sempra Energy, Woodside Energy Group Ltd., Gazprom Energy, PetroChina Company Limited, Shell plc, Equinor ASA, China Petrochemical Corporation, INPEX Corporation, GAIL India Limited, Indian Oil Corporation Limited, China National Petroleum Corporation, Petronet LNG Ltd., PJSC Gazprom, QatarEnergy, Freeport LNG Development L.P., Kinder Morgan Inc., Tellurian Inc., Venture Global LNG Inc., Apache Corporation, BP Trinidad and Tobago LLC, CNOOC Limited, Devon Energy Corporation, Hess Corporation, JERA Co. Inc., Occidental Petroleum Corporation, Origin Energy Limited, Santos Limited, Woodfibre LNG Limited
Asia-Pacific was the largest region in the liquefied natural gas market in 2025. The regions covered in the liquefied natural gas market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the liquefied natural gas market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The liquefied natural gas market consists of sales of propane, butane, and isobutane. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Liquefied natural gas Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses liquefied natural gas market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for liquefied natural gas ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The liquefied natural gas market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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