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| Planned LNG Terminals Market - Global Analysis, Competitive Landscape and Capacity Forecasts to 2017Asia-Pacific Plans to Float through Liquefied Natural Gas Production Push
By: Rajesh Gunnam The new report* states that floating liquefied natural gas(LNG) production technology, which until only recently was just a concept, will gain momentum during the next five years due to its economical nature and easy drilling functions. Floating LNG production and regasification terminals account for a significantshare of the region’s planned LNG capacity additions. Australia will witness the completion of new floating LNG (FLNG) liquefaction terminals Sunrise FLNG and Prelude FLNG within the next five years, while Indonesia is due to see the Abadi FLNG completed during the same period. A number of projects which were stalled due to financial worries are now being developed following the introduction of floating terminals. FLNG and Floating Production Storage Offloading (FPSO) platforms limit the need for undersea pipelines, LNG storage tanks, onshore sites and related construction in offshore areas, thereby reducing the cost of LNG production. FLNG production terminals can be stationed directly over an offshore field, and relocated once the field is depleted, or in case of bad weather. For Sample Pages, please click or add the below link to your browser: http://www.globaldata.com/ The global planned LNG regasification market will also see a surge in the completion of floating regasification terminals, which will be set up in several countries including Bangladesh, China, India and Indonesia. The regasification market has been witnessing a global increase in capacity, but during the next five years, the Asia-Pacific region is set to dominate this trend. The region will see a huge rise in its natural gas consumption, buoyed by the demand of fast-developing countries, India and China. India is expected to develop the highest planned regasification capacity, as the country will be importing significant amounts of natural gas for consumption in its industrial, domestic and power generation sectors. The Asia-Pacific region will lead the world in planned LNG liquefaction and regasification capacity additions during the 2012–2017 period, contributing about 47.4% to the global planned liquefaction capacity additions by 2017, and 42.7% to the global planned regasification capacity. This report provides analyses the planned Liquid Natural Gas (LNG) terminals market, with a competitive landscape overview and capacity forecasts to 2017. It provides information about the planned LNG liquefaction and regasification market during 2012–2017, and gives detailed information on the planned LNG terminals that will commence operations globally by 2017, the major countries accounting for LNG capacity additions and the dominating companies in terms of liquefaction and regasification capacity additions. The report also provides key issues and challenges for the industry in the current industry environment. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts. GlobalData is a leading global business intelligence provider offering advanced analytics to help clients make better, more informed decisions every day. Our research and analysis is based on the expert knowledge of over 700 qualified business analysts and 25,000 interviews conducted with industry insiders every year, enabling us to offer the most relevant, reliable and actionable strategic business intelligence available for a wide range of industries. For further details, please click or add the below link to your browser: http://www.globaldata.com/ Visit our report store: http://www.globaldata.com/ For more details contact: pressreleases@ North America: +1 646 395 5477 Europe: Asia Pacific: End
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