Worldwide natural gas consumption has stagnated over the past three years. In 2024, natural gas consumption worldwide amounted to roughly ************* cubic meters. What is natural gas? Natural gas is a mixture of gases, primarily methane. Consisting mostly of hydrocarbons, it is found in deposits called reservoirs beneath the surface of the Earth. Natural gas is considered the Earth’s cleanest fossil fuel because it produces carbon dioxide, water vapor, and small amounts of nitrogen oxides when it is burned. In its natural state, natural gas is colorless and odorless. It is used commonly in residential, commercial, and industrial applications, such as heating and electricity generation. Although it is the cleanest burning fossil fuel, natural gas development has resulted in the increase of hydraulic fracturing (also known as fracking), a controversial and environmentally damaging extraction method. Natural gas consumption in the United States In 2023, the United States was the leading consumer of natural gas worldwide. Their natural gas consumption has been increasing slightly since 1995, amounting to some ************* cubic feet in 2023. That same year, the industrial sector in the United States consumed the second largest proportion of natural gas of all sectors, second to electricity generation. In the U.S. industrial sector, natural gas is used as a fuel for process heating, heat and power systems, and as a raw material to produce chemicals and fertilizer.

In 2024, the year-over-year change of natural gas consumption worldwide amounted to *** percent. This has been forecast to be *** percent in 2025, while 2021 recorded a *** percent YoY change. With *** exceptions during the period of consideration, the YoY change of natural gas consumption worldwide has been mostly increasing.

Asia Pacific is expected to become the greatest natural gas market by 2050. In 2023, the demand for natural gas was highest in North America at approximately *** trillion cubic meters (tcm). This is forecast to change as Asia Pacific's demand for natural gas increases from *** billion cubic meters in 2023 to almost *** tcm in 2050. Europe is the only region that is forecast to see a continuous decline in natural gas demand in the upcoming decades.

Key information about United States Natural Gas: Consumption

• United States Natural Gas: Consumption was reported at 85.768 Cub ft/Day bn in Dec 2023
• This records an increase from the previous number of 85.102 Cub ft/Day bn for Dec 2022
• US Natural Gas: Consumption data is updated yearly, averaging 57.451 Cub ft/Day bn from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 85.768 Cub ft/Day bn in 2023 and a record low of 40.241 Cub ft/Day bn in 1965
• US Natural Gas: Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.NS: Natural Gas: Consumption

This dataset contains information about world's natural gas consumption from 1965. Data from BP. Follow datasource.kapsarc.org for timely data to advance energy economics research.Notes:* Excludes natural gas converted to liquid fuels but includes derivatives of coal as well as natural gas consumed in Gas-to-Liquids transformation.^ Less than 0.05.w Less than 0.05%.n/a not available.# Excludes Estonia, Latvia and Lithuania prior to 1985 and Slovenia prior to 1990.Notes: The difference between these world consumption figures and the world production statistics is due to variations in stocks at storage facilitiesand liquefaction plants, together with unavoidable disparities in the definition, measurement or conversion of gas supply and demand data.Annual changes and shares of total are calculated using billion cubic feet per day figures.

Key information about Egypt Natural Gas: Consumption

• Egypt Natural Gas: Consumption was reported at 5.809 Cub ft/Day bn in Dec 2023
• This records a decrease from the previous number of 5.862 Cub ft/Day bn for Dec 2022
• Egypt Natural Gas: Consumption data is updated yearly, averaging 1.117 Cub ft/Day bn from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 6.011 Cub ft/Day bn in 2021 and a record low of 0.005 Cub ft/Day bn in 1965
• Egypt Natural Gas: Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.NS: Natural Gas: Consumption

Demand for natural gas has climbed to over **** trillion standard cubic meters in recent years. Between 2000 and 2023, demand for this energy source grew in almost every year except for times of economic crisis. In 2023, the demand for natural gas worldwide amounted to some *** trillion standard cubic meters, the highest figure among the years considered.

Key information about Indonesia Natural Gas: Consumption

• Indonesia Natural Gas: Consumption was reported at 4.397 Cub ft/Day bn in Dec 2023
• This records an increase from the previous number of 4.262 Cub ft/Day bn for Dec 2022
• Indonesia Natural Gas: Consumption data is updated yearly, averaging 2.620 Cub ft/Day bn from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 4.399 Cub ft/Day bn in 2019 and a record low of 0.049 Cub ft/Day bn in 1965
• Indonesia Natural Gas: Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.NS: Natural Gas: Consumption

Key information about Israel Natural Gas: Consumption

• Israel Natural Gas: Consumption was reported at 1.216 Cub ft/Day bn in Dec 2023
• This records an increase from the previous number of 1.175 Cub ft/Day bn for Dec 2022
• Israel Natural Gas: Consumption data is updated yearly, averaging 0.006 Cub ft/Day bn from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 1.216 Cub ft/Day bn in 2023 and a record low of 0.000 Cub ft/Day bn in 1980
• Israel Natural Gas: Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.NS: Natural Gas: Consumption

Key information about Japan Natural Gas: Consumption

• Japan Natural Gas: Consumption was reported at 8.942 Cub ft/Day bn in Dec 2023
• This records a decrease from the previous number of 9.697 Cub ft/Day bn for Dec 2022
• Japan Natural Gas: Consumption data is updated yearly, averaging 5.763 Cub ft/Day bn from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 12.070 Cub ft/Day bn in 2014 and a record low of 0.177 Cub ft/Day bn in 1965
• Japan Natural Gas: Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.NS: Natural Gas: Consumption

The average for 2023 based on 189 countries was 0.788 quadrillion Btu. The highest value was in the USA: 33.683 quadrillion Btu and the lowest value was in Antigua and Barbuda: 0 quadrillion Btu. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

The United States consumed around *** billion cubic meters of natural gas in 2023. This was far more than any other country in the world. The country is a major gas producer and able to satisfy its gas demand through domestic production. Other large consumer and producer countries include Russia, Iran, and Saudi Arabia. Global natural gas consumption trends Worldwide natural gas consumption has remained relatively stable over the past three years, with global usage reaching about **** trillion cubic meters in 2023. That same year, natural gas accounted for around **** percent of global primary energy consumption, marking the lowest share since 2017. This downward trend in natural gas's share of the energy mix is attributed to a surge in natural gas prices and supply constraints between 2022 and 2023, in addition to greater electrification efforts. Natural gas in national energy landscapes The role of natural gas varies significantly across countries, with some countries heavily dependent on this fuel source. Trinidad and Tobago, for instance, derives nearly ** percent of its energy from natural gas, while Iran relies on it for about ** percent of its primary energy needs. In contrast, China, the world's largest consumer of primary energy, has been diversifying its energy mix. The country has gradually shifted away from coal dominance towards increased use of natural gas and renewable sources, reflecting a broader global trend towards cleaner energy options.

Natural Gas Consumption Meter Market Outlook

The global natural gas consumption meter market size was valued at approximately USD 3.2 billion in 2023 and is projected to reach USD 5.9 billion by 2032, growing at a CAGR of 6.7% during the forecast period. This growth can be attributed to several factors, including the increasing demand for natural gas as a cleaner energy source, technological advancements in metering solutions, and the expansion of gas infrastructure in emerging economies.

One of the primary growth factors for the natural gas consumption meter market is the global shift towards cleaner energy sources. As countries strive to reduce their carbon footprints and meet international climate goals, natural gas is becoming a preferred alternative to coal and oil. This shift is driving the need for accurate and efficient gas consumption meters to monitor usage and optimize supply. Additionally, stringent government regulations on emissions are prompting industries and households to adopt natural gas, further fueling the demand for these meters.

Technological advancements in metering solutions are also catalyzing the market's expansion. Modern natural gas consumption meters are increasingly integrated with smart technologies that enable real-time monitoring, remote data collection, and enhanced accuracy. The advent of the Internet of Things (IoT) and smart grids has revolutionized the way energy consumption is tracked, allowing for better demand management and energy efficiency. These smart meters are not only beneficial for consumers but also for utility companies, as they provide valuable data that can be used to optimize operations and reduce losses.

The expansion of gas infrastructure in emerging economies is another significant driver for market growth. Countries in Asia Pacific, Latin America, and the Middle East are investing heavily in expanding their natural gas pipelines and distribution networks to meet the growing energy demand. This infrastructure development necessitates the installation of gas consumption meters across residential, commercial, and industrial sectors. Moreover, government initiatives and subsidies aimed at promoting natural gas usage are encouraging the adoption of these meters.

Regionally, the Asia Pacific is expected to witness substantial growth in the natural gas consumption meter market. The region's rapid urbanization, industrialization, and increasing energy needs are driving the demand for natural gas and, consequently, gas meters. Countries like China and India are leading the way with significant investments in gas infrastructure and smart metering technologies. North America and Europe are also key markets due to their well-established gas networks and a strong focus on energy efficiency and sustainability.

Product Type Analysis

Residential meters are a vital segment of the natural gas consumption meter market. These meters are designed to measure gas consumption in households, providing accurate readings that are essential for billing and monitoring purposes. With the rising adoption of natural gas for cooking, heating, and other domestic applications, the demand for residential meters is expected to grow. Technological advancements such as smart meters, which allow for remote monitoring and real-time data collection, are further enhancing the efficiency and appeal of residential gas meters. The increasing focus on energy conservation and cost savings among consumers is also driving the adoption of advanced residential gas meters.

Commercial meters, on the other hand, cater to the needs of businesses and commercial establishments. These meters are typically more robust and capable of handling higher gas flows compared to residential meters. The commercial segment is witnessing growth due to the expanding commercial sector, particularly in emerging economies. Restaurants, hotels, shopping malls, and office buildings are increasingly relying on natural gas for their energy needs, necessitating the installation of accurate and reliable gas meters. The integration of smart metering solutions in commercial meters is also gaining traction, offering businesses better control over their energy consumption and costs.

Industrial meters are designed for large-scale industrial applications where high volumes of natural gas are consumed. These meters are crucial for industries such as manufacturing, c

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The floating liquefied natural gas market share is expected to increase by USD 4.68 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.12%.

This floating liquefied natural gas market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers floating liquefied natural gas market segmentations by processing capacity (large-scale capacity and small-scale capacity) and geography (North America, Europe, APAC, South America, and MEA). The floating liquefied natural gas market report also offers information on several market vendors, including Black & Veatch Holding Co., Eni Spa , Excelerate Energy LP, EXMAR NV, Golar LNG Ltd., Lloyds Energy DMCC, Petroliam Nasional Berhad , Royal Dutch Shell Plc, Samsung Heavy Industries Co. Ltd., and TechnipFMC Plc among others.

What will the Floating Liquefied Natural Gas Market Size be During the Forecast Period?

Download Report Sample to Unlock the Floating Liquefied Natural Gas Market Size for the Forecast Period and Other Important Statistics

Floating Liquefied Natural Gas Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rising global oil and gas consumption is notably driving the floating liquefied natural gas market growth, although factors such as fluctuations in oil and gas prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the floating liquefied natural gas industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Floating Liquefied Natural Gas Market Driver

Rising global oil and gas consumption is one of the key factors driving the growth of the global floating liquefied natural gas market. Liquid fuel consumption across the globe, especially in emerging economies such as India, China, and Brazil, is expected to grow, owing to the increasing demand for vehicles and a rise in the consumption of petrochemicals. For instance, according to the US Energy Information Administration (EIA), in 2019, the production of petroleum and other liquid fuels in Brazil averaged 3.7 million barrels per day (b/d). Similarly, natural gas consumption has also seen a rise in the last ten years. According to the US Energy Information Administration (EIA), global natural gas consumption increased significantly in 2019. Natural gas has witnessed a higher rise in consumption than oil due to the increasing adoption of natural gas as a fuel. Also, with the increased consumption of fuel from developing economies such as India and China, the demand for LNG is likely to propel during the forecast period, thereby increasing the demand for FLNG projects during the forecast period.

Key Floating Liquefied Natural Gas Market Trend

The rise in the number of deepwater and ultra-deepwater drilling projects will fuel the global floating liquefied natural gas market growth. As per the US Energy Information Administration, the oil shock resulted in the decline of crude oil prices in early 2020 due to the COVID-19 pandemic, which was one of the lowest since 2003. Also, the prices of the rigs were reduced due to the fewer number of ongoing projects in the oil and gas industry. Sensing profit through low rig rates, some companies are resuming their offshore projects. FLNG vessels provide the advantages of reduced investments and earlier cash flow compared with fixed platforms. The advantages of FLNG vessels make them ideal for offshore activities. Deepwater and ultra-deepwater projects are also far from the mainland; hence, laying an extensive oil and gas pipeline network to transfer the produced hydrocarbons to onshore facilities is too costly. Therefore, FLNG vessels are economical for deepwater and ultra-deepwater projects, as these vessels can treat, liquefy, and store the natural gas extracted from offshore fields. Operators sell the LNG directly from the vessel and generate revenues. Advances in technology allowed exploring gas reserves that were initially uneconomical. This is likely to drive the global FLNG market during the forecast period.

Key Floating Liquefied Natural Gas Market Challenge

Fluctuations in oil and gas prices are major challenges for the global floating liquefied natural gas market growth. The continued trend of low crude oil prices has put additional pressure on the oil and gas service providers. Low-profit margins for a continued period result in reduced revenues, which directly influence the financial aspect of a company. The market potential for oil and gas service businesses has declined due to the low investments in oil and gas

Key information about Russia Natural Gas: Consumption

• Russia Natural Gas: Consumption was reported at 43.865 Cub ft/Day bn in Dec 2023
• This records an increase from the previous number of 43.384 Cub ft/Day bn for Dec 2022
• Russia Natural Gas: Consumption data is updated yearly, averaging 39.683 Cub ft/Day bn from Dec 1985 to 2023, with 39 observations
• The data reached an all-time high of 43.974 Cub ft/Day bn in 2018 and a record low of 33.419 Cub ft/Day bn in 1997
• Russia Natural Gas: Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.NS: Natural Gas: Consumption

Key information about Taiwan Natural Gas: Consumption

• Taiwan Natural Gas: Consumption was reported at 2.704 Cub ft/Day bn in Dec 2023
• This records a decrease from the previous number of 2.715 Cub ft/Day bn for Dec 2022
• Taiwan Natural Gas: Consumption data is updated yearly, averaging 0.376 Cub ft/Day bn from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 2.715 Cub ft/Day bn in 2022 and a record low of 0.022 Cub ft/Day bn in 1965
• Taiwan Natural Gas: Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.NS: Natural Gas: Consumption

Key information about Argentina Natural Gas: Consumption

• Argentina Natural Gas: Consumption was reported at 4.348 Cub ft/Day bn in Dec 2023
• This records a decrease from the previous number of 4.436 Cub ft/Day bn for Dec 2022
• Argentina Natural Gas: Consumption data is updated yearly, averaging 2.282 Cub ft/Day bn from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 4.712 Cub ft/Day bn in 2018 and a record low of 0.399 Cub ft/Day bn in 1965
• Argentina Natural Gas: Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.NS: Natural Gas: Consumption

Global Natural Gas market size is expected to reach $1951.63 billion by 2029 at 7.2%, segmented as by type, transport, industrial, electric power, and other types

The world’s largest consumer of natural gas is the United States, which consumed nearly ****billion cubic meters in 2024. The U.S. is also one of the largest producers of natural gas in the world. Natural gas consuming sectors The electric power sector was one of the highest consumer sectors of natural gas in the United States. In this sector, natural gas is used to generate electricity, which is, in turn, largely sold for consumption in other end-use sectors within the United States. The industrial sector is the second largest consumer of natural gas, using the resource as fuel for process heating, in combined heat and power systems, and as feedstock to produce other materials. Natural gas delivery To deliver natural gas, processing, transportation, and storage infrastructure is required. The processing plants usually receive natural gas through a system of pipelines. The composition of the natural gas that is received will determine how the natural gas is processed in order to produce dry natural gas. Transmission pipelines tend to be long-distance systems that connect producing areas, processing plants, and the recipients.

The average for 2023 based on 19 countries was 0.356 quadrillion Btu. The highest value was in Mexico: 3.405 quadrillion Btu and the lowest value was in Guatemala: 0 quadrillion Btu. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.