LNG Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By LNG Infrastructure, By End-User, By Region and Competition, 2020-2030F

Description

The Global LNG Market, valued at USD 133.10 Billion in 2024, is projected to experience a CAGR of 7.00% to reach USD 199.75 Billion by 2030. Liquefied Natural Gas (LNG) refers to natural gas cooled to approximately -162°C, converting it into a liquid state for efficient storage and long-distance transport, thereby reducing its volume significantly. The global LNG market's expansion is fundamentally supported by escalating global energy demand, particularly from emerging economies, the increasing imperative for cleaner energy sources to mitigate carbon emissions, and the strategic objective of enhancing national energy security.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 133.10 Billion
Market Size 2030	USD 199.75 Billion
CAGR 2025-2030	7%
Fastest Growing Segment	Commercial
Largest Market	Asia Pacific

Key Market Drivers

Increased global demand for cleaner energy sources significantly drives the Liquefied Natural Gas market, as nations prioritize environmental sustainability alongside economic development. Natural gas offers a lower-carbon alternative to coal and oil, serving as a crucial transition fuel, particularly in power generation. For example, according to the International Energy Agency, in October 2024, its "World Energy Outlook 2024" projected global natural gas demand to rise by 600 billion cubic meters by 2030, driven significantly by industrial use and power generation.

Key Market Challenges

The considerable financial investment and complex logistical coordination required for developing new liquefaction and regasification infrastructure significantly impede the growth of the Global LNG Market. These extensive capital expenditures and protracted project execution timelines present substantial obstacles that directly affect the timely responsiveness of supply to evolving demand dynamics. Building large-scale LNG facilities demands significant upfront capital and involves lengthy development cycles, spanning several years from initial planning to operational readiness, thereby tying up capital and increasing project risk.

Key Market Trends

The growing market for flexible and short-term LNG contracts reflects a fundamental shift in procurement strategies. Buyers seek greater agility to respond to market volatility and fluctuating domestic demand, moving away from rigid, decades-long agreements. This trend facilitates quicker adaptation to price signals and supply availability, enhancing market liquidity. According to the International Gas Union's report from July 2024, long-term contracts accounted for 61.1% of interregional LNG imports in 2023, while spot contracts, for delivery within three months, represented 35.2%. Major buyers, including Japan's JERA and China's PetroChina, were actively seeking shorter-term contracts and increased flexibility in October 2024 to manage their unpredictable domestic demand. This demonstrates a strategic imperative for adaptable supply solutions.

Key Market Players

QatarEnergy
Shell plc
Exxon Mobil Corporation
Chevron Corporation
TotalEnergies SE
BP International Limited
Pao Novatek
Woodside Energy Group Ltd
PetroChina Company Limited

Report Scope:

In this report, the Global LNG Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

LNG Market, By LNG Infrastructure:

LNG Liquefaction Plants
LNG Regasification Facilities
LNG Shipping

LNG Market, By End-User:

Residential
Commercial
Industrial

LNG Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global LNG Market.

Available Customizations:

Global LNG Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global LNG Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By LNG Infrastructure (LNG Liquefaction Plants, LNG Regasification Facilities, LNG Shipping)
- 5.2.2. By End-User (Residential, Commercial, Industrial)
- 5.2.3. By Region
- 5.2.4. By Company (2024)
5.3. Market Map

6. North America LNG Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By LNG Infrastructure
- 6.2.2. By End-User
- 6.2.3. By Country
6.3. North America: Country Analysis
- 6.3.1. United States LNG Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By LNG Infrastructure
    - 6.3.1.2.2. By End-User
- 6.3.2. Canada LNG Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By LNG Infrastructure
    - 6.3.2.2.2. By End-User
- 6.3.3. Mexico LNG Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By LNG Infrastructure
    - 6.3.3.2.2. By End-User

7. Europe LNG Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By LNG Infrastructure
- 7.2.2. By End-User
- 7.2.3. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany LNG Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By LNG Infrastructure
    - 7.3.1.2.2. By End-User
- 7.3.2. France LNG Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By LNG Infrastructure
    - 7.3.2.2.2. By End-User
- 7.3.3. United Kingdom LNG Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By LNG Infrastructure
    - 7.3.3.2.2. By End-User
- 7.3.4. Italy LNG Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By LNG Infrastructure
    - 7.3.4.2.2. By End-User
- 7.3.5. Spain LNG Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By LNG Infrastructure
    - 7.3.5.2.2. By End-User

8. Asia Pacific LNG Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By LNG Infrastructure
- 8.2.2. By End-User
- 8.2.3. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China LNG Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By LNG Infrastructure
    - 8.3.1.2.2. By End-User
- 8.3.2. India LNG Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By LNG Infrastructure
    - 8.3.2.2.2. By End-User
- 8.3.3. Japan LNG Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By LNG Infrastructure
    - 8.3.3.2.2. By End-User
- 8.3.4. South Korea LNG Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By LNG Infrastructure
    - 8.3.4.2.2. By End-User
- 8.3.5. Australia LNG Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By LNG Infrastructure
    - 8.3.5.2.2. By End-User

9. Middle East & Africa LNG Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By LNG Infrastructure
- 9.2.2. By End-User
- 9.2.3. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia LNG Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By LNG Infrastructure
    - 9.3.1.2.2. By End-User
- 9.3.2. UAE LNG Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By LNG Infrastructure
    - 9.3.2.2.2. By End-User
- 9.3.3. South Africa LNG Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By LNG Infrastructure
    - 9.3.3.2.2. By End-User

10. South America LNG Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By LNG Infrastructure
- 10.2.2. By End-User
- 10.2.3. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil LNG Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By LNG Infrastructure
    - 10.3.1.2.2. By End-User
- 10.3.2. Colombia LNG Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By LNG Infrastructure
    - 10.3.2.2.2. By End-User
- 10.3.3. Argentina LNG Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By LNG Infrastructure
    - 10.3.3.2.2. By End-User

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global LNG Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. QatarEnergy
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Shell plc
15.3. Exxon Mobil Corporation
15.4. Chevron Corporation
15.5. TotalEnergies SE
15.6. BP International Limited
15.7. Pao Novatek
15.8. Woodside Energy Group Ltd
15.9. PetroChina Company Limited