The Liquefied Natural Gas (LNG) Market Report is Segmented by Infrastructure Type (LNG Liquefaction Plants, LNG Regasification Facilities, and LNG Shipping Fleet), End-Use Application (Power Generation, Industrial and Manufacturing, and Others), Scale (Large-Scale, Mid-Scale, and Small-Scale), Location (Onshore and Offshore), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa).

The United States is the world's largest exporter of liquefied natural gas at **** percent, Australia and Qatar followed in second and third place, with **** and **** percent respectively. In a distant fourth place came Russia, with a share of ***** percent of liquefied gas exports.

China was the world's largest importer of liquefied natural gas (LNG) in 2024. That year, China accounted for ***** percent of all LNG imports. Most countries reliant on LNG imports are those with no pipeline connections to producing sites. Australia, Qatar, and the United States are the world's largest LNG exporters, the three of them accounting for ** percent of global LNG exports.

The Canada LNG Market is Segmented by LNG Infrastructure (LNG Liquefaction Plants, LNG Regasification Facilities, and LNG Shipping) and Application (Transportation Fuel, Power Generation, and Other Application Types). The report offers the market size and forecasts in revenue USD billion for all the above segments.

Liquefied Natural Gas Market (LNG Market) was valued USD 121.0 billion in 2022, and is projected to reach USD 194.3 billion in 2030, and will grow at a CAGR of 6.1%

Global LNG (Liquefied Natural Gas) Market size was valued at USD 109.5 billion in 2021 and is poised to grow from USD 118.37 billion in 2022 to USD 220.72 billion by 2030, growing at a CAGR of 8.1% in the forecast period (2023-2030).

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Liquefied Natural Gas (LNG) Market Size 2025-2029

The liquefied natural gas (LNG) market size is forecast to increase by USD 27.79 billion, at a CAGR of 8% between 2024 and 2029.

The market is experiencing significant growth, driven by the surge in LNG production and the increasing demand for LNG bunkering. The production increase is due to the expansion of LNG infrastructure in key producing regions, enabling greater access to natural gas resources and facilitating the liquefaction process. Simultaneously, the demand for LNG bunkering is rising as more shipping companies adopt LNG as a cleaner alternative fuel for their vessels, in response to stricter environmental regulations. However, the LNG market faces challenges, including the fluctuations in global oil and gas prices. These price volatilities can impact the profitability of LNG projects, as the price of LNG is closely linked to the price of oil.
Additionally, the infrastructure required for LNG production, transportation, and regasification is capital-intensive and complex, posing challenges for companies looking to enter the market. Furthermore, safety concerns and the need for specialized expertise to handle LNG can create operational challenges for companies. To capitalize on market opportunities and navigate these challenges effectively, companies must remain agile, invest in innovative technologies, and collaborate with industry partners to optimize their operations and mitigate risks.

What will be the Size of the Liquefied Natural Gas (LNG) Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by shifting consumer demands, technological advancements, and regulatory changes. LNG metering and insulation technologies are crucial components in ensuring accurate measurement and efficient storage of this cryogenic fuel. LNG derivatives and contracts provide flexibility in managing price risks and securing supply. Industrial applications of LNG span various sectors, including power generation, heavy-duty vehicles, and processing industries. LNG valves, membranes, and pumps are essential components in LNG infrastructure, enabling the safe and efficient handling of this fuel. Carbon capture and utilization are emerging applications, offering potential environmental benefits. LNG pricing remains volatile due to market dynamics, supply and demand imbalances, and geopolitical factors.

Transportation, from production sites to end-users, involves complex logistics, including LNG tankers, pipelines, and terminals. Regulations and safety standards are continually evolving to address emerging challenges and ensure the safe and sustainable use of LNG. LNG vaporization and shipping technologies are essential for converting LNG back into its gaseous state for use as a fuel. LNG bunkering and supply chain optimization are crucial for the growing use of LNG as a marine fuel. LNG utilization in residential applications and export markets is expanding, driven by innovation and evolving consumer preferences. LNG production processes, such as gas-to-liquids (GTL), are advancing to improve efficiency and reduce emissions.

LNG hydrogen and fuel cells are emerging applications, offering potential benefits in decarbonizing energy systems. The LNG market's continuous dynamism underscores the importance of staying informed about the latest trends and developments.

How is this Liquefied Natural Gas (LNG) Industry segmented?

The liquefied natural gas (lng) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Power
  Industry
  Others


Application

  Off-grid power plants
  Transportation
  Industrial and manufacturing
  Marine fuel
  Others


Geography

  North America

    US
    Canada


  Europe

    Norway
    Russia
    The Netherlands


  Middle East and Africa

    Qatar
    UAE


  APAC

    China
    Japan


  Rest of World (ROW)

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By End-user Insights

The power segment is estimated to witness significant growth during the forecast period.

Liquefied Natural Gas (LNG) is a critical component of the global energy landscape, with increasing demand driven by various factors. The shift towards cleaner fuels for power generation and industrial applications is a significant trend, as LNG emits fewer greenhouse gases compared to coal and oil. LNG cryogenics technology enables the liquefaction, storage, and transportation of natural gas in its liquid form, making it a versatile fuel for various sectors. LNG infrastructure, including regasification terminals and pipelines, is essential for importing and distr

Global LNG Market was valued at USD 131.16 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.67% through 2029.

The size of the Brazil LNG Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.00% during the forecast period. The Brazil LNG market is growing fast as a consequence of increasing energy demand in the country and the push towards cleaner sources of fuel. Brazil is determined to diversify its energy matrix and, in this way, decrease dependence on hydroelectric power because it's often exposed to droughts, and the role of liquefied natural gas becomes strategic. The Brazilian government has identified LNG as an important component towards augmenting energy security-especially for power generation and industrial application. In addition, LNG infrastructure has been added to Brazil over the recent past; significant additions were construction and building of import terminals and regasification facilities along its coast, which provide better access to global LNG supplies. Notably, in the recent past, Brazil has been quite active in long-term contracts and spot market purchases that allow access to diversified sources of LNG supply, particularly from suppliers in the United States and Qatar. However, the market is also subjected to challenges such as ever-changing global LNG prices, uncertainty in a regulatory environment, and competition from domestic natural gas production. Besides these, concerns related to usage of fossil fuel pertaining to environment and significant pressure on renewable energy sources, the investment preference is changing. Despite these challenges, Brazil LNG has some chances of expansion, particularly with government initiatives aimed at promoting the use of natural gas and further developing the infrastructure. In this respect, the country looks toward a sustainable energy future with LNG leading the way in ensuring such a steadfast future. Recent developments include: In January 2022, Brazilian state-run oil company Petrobras announced that it imported a record 23 million cubic meters per day of liquefied natural gas (LNG) in 2021, a volume about 200% higher than the one recorded in the previous year (2020). The company imports LNG from countries such as the United States, Trinidad & Tobago, and Qatar., In December 2021, Excelerate Energy L.P. announced that it commenced natural gas deliveries to the Brazilian market at the Bahia Regasification Terminal (TR-BA) in Salvador to Bahia, Brazil. Excelerate's Floating Storage Regasification Unit (FSRU) Excelerate Sequoia, which has an LNG storage capacity of 173 400 m3, is delivering regasification services at TR-BA. The terminal has a regasification capacity of up to 700 million ft3/d.. Key drivers for this market are: Rising Industrialization across the Globe, Increasing Utilization of Natural Gas. Potential restraints include: High Cost of Installation and Maintenance. Notable trends are: Regasification Sector to Witness Significant Growth.

The Small Scale LNG Market size was valued at USD 10.70 Million in 2023 and is projected to reach USD 21.36 Million by 2032, exhibiting a CAGR of 10.38 % during the forecasts periods. Small-scale Liquefied Natural Gas (LNG) refers to the production, transportation, and distribution of LNG in smaller quantities compared to conventional large-scale LNG operations. This approach is designed to serve markets and applications that do not require the massive volumes typically handled by large LNG terminals and infrastructure. Small-scale LNG involves the liquefaction of natural gas at smaller plants, which produce less than 1 million tonnes per year. These plants are often located closer to end-users, reducing transportation costs and logistical challenges. The LNG is then transported using smaller vessels, trucks, or railcars, making it accessible to remote or off-grid areas. One of the main advantages of small-scale LNG is its flexibility. It can be used to supply natural gas to regions without pipeline infrastructure, such as islands, remote industrial sites, and rural areas.This makes it an ideal solution for providing energy in locations where traditional energy delivery methods are not feasible. Recent developments include: April 2024: the Indian Gas Exchange announced the contracts for small-scale liquefied natural gas on its platform after receiving approval from the Petroleum and Natural Gas Regulatory Board., November 2023: Elengy, a unit of Engie’s GRTgaz, established a new small-scale LNG carrier loading service at its Fos Tonkin terminal on France’s Mediterranean coast., May 2023: The National Gas Company of Trinidad and Tobago Limited signed a MoU with Globus Energy Group Trinidad Limited, Corban Energy Group, and Chester LNG LLC to identify and screen technologies for micro- and small-scale LNG development projects in the Caribbean.. Key drivers for this market are: 4., Increasing Investment in LNG Infrastructure4.; Rising Demand for LNG in Bunkering, Road Transportation, and Off-grid Power. Potential restraints include: 4., Lack of Supporting Infrastructure in the Regions such as the Middle East and Africa. Notable trends are: The Transportation Segment Expected to Dominate the Market.

The United Kingdom LNG market is segmented by Applications (Power Generation, Transportation, and Other Applications). The report offers the market size and forecasts in revenue (USD billion) for all the above segments.

The liquefied natural gas market estimated size and share is projected to exceed USD 363.15 Billion by 2034 , with a forecasted CAGR of 11.5% during the period.

The size of the China LNG Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 7.00% during the forecast period. China LNG has dramatically expanded in recent years. In fact, China is the world's largest importer of liquefied natural gas (LNG). Being determined to decrease its reliance on coal, which has contributed hugely to air pollution and greenhouse gas emissions, the country has also targeted the use of alternative energy sources. This drive of the government to promote a cleaner alternative in the form of natural gas has largely taken the shape of increased L N G imports, and major terminals are being constructed along the coast to accommodate this growth. Mixing long-term contracts with spot market purchases would give the flexibilities in sourcing this commodity. Further, very heavy investments have been made in home country infrastructure, as witnessed by pipelines and storage facilities in place to back further growth of natural gas application for heating residential needs, for power generation, and for industrial use. Improved regasification technologies are also enhancing efficiencies while reducing the costs. However, global LNG prices are still volatile and geopolitics in some form or another create tensions, and other energy sources continue to compete with it. Since China aims to eventually become a more sustainable energy model for the future, the prospects for the LNG market are ready to play an even more critical role in fulfilling the country's needs while supporting economic growth with friendly efficiencies for the environment. The future of China's general LNG market is bright as part of a far broader trend toward a cleaner energy future. Recent developments include: In 2022, the Tianjin LNG terminal went under construction with a capacity of 5 metric tons per annum. The project received a sovereign loan from Asian Investment Bank (USD 500 million) and New Development Bank (EUR 430 million) in March 2021., In September 2021, China's state-controlled government, Sinopec, started constructing the Longkou LNG regasification terminal with a capacity of 6.5 metric tons per annum. The terminal is expected to be commissioned by October 2023.. Key drivers for this market are: 4., Rising Industrialization across the Globe4.; Increasing Utilization of Natural Gas. Potential restraints include: 4., High Cost of Installation and Maintenance. Notable trends are: LNG regasification will dominate the market..

Learn more about Market Research Intellect's Liquefied Natural Gas Lng Market Report, valued at USD 202.6 billion in 2024, and set to grow to USD 399.2 billion by 2033 with a CAGR of 8.1% (2026-2033).

The global small-scale LNG market size exceeded USD 61 billion in 2024 and is set to expand at a CAGR of over 15.1%, surpassing USD 379.59 billion revenue by 2037. Liquefaction segment is expected to secure 64.2% industry share, due to rapid deployment of modular liquefaction plants, making operations more productive and less expensive.

As of 2023, Nigeria accounted for ***** percent of the global liquefied natural gas (LNG) export market. This was a declined by *** percentage point from each of the *** preceding years.

The U.S. Small-Scale LNG Market size was estimated at USD 9.69 billion in 2024 and is anticipated to grow at a CAGR of 13.2% from 2025 to 2034.

Germany Liquefied Natural Gas (LNG) Market is Expected to Grow at a CAGR of 4.9% in the period between 2022-2030.

The Small-Scale Liquefied Natural Gas (LNG) Market size is expected to reach a valuation of USD 179.6 billion in 2033 growing at a CAGR of 14.50%. The Small-Scale Liquefied Natural Gas (LNG) Market research report classifies market by share, trend, demand, forecast and based on segmentation.

The global Small-Scale LNG Market size was estimated at USD 57.93 billion in 2024 and is anticipated to grow at a CAGR of 13.8% from 2025 to 2034.