Published on : Dec 21, 2018
Albany, New York, December 21, 2018: Natural gas as a fossil fuel has substantially replaced oil as a potent substitute in recent years. However transporting natural gas via pipelines incurs significant bottlenecks such has incoherence in pricing attributed to varying pipeline grid across regions. Therefore liquefied natural gas (LNG) offers an ideal means of natural gas transportation with the aid of LNG carriers, thereby extending reach across several regions where gas pipeline infrastructure does not meet feasibility parameters.
Competitive price brackets of LNG coupled with pressing needs for clean energy sources have reflected a growth uptick in liquefied natural gas (LNG) trading in recent years and the trend is expected to remain constant in foreseeable future. Such insightful market highlights on liquefied natural gas (LNG) market along with other vital details have been meticulously etched in Market Research Hub's (MRH) recent report addition titled, 'LNG Production - Thematic Research' recently collated in its fast expanding online data archive.
Need for Minimal Greenhouse Gas Emissions and Technological Breakthroughs in LNG Production Drive Demands
In contrast to greenhouse gas emissions by coal and petroleum, liquefied natural gas (LNG) accounts for just half greenhouse gas emissions. Ongoing initiatives towards sustainable energy resources for ecological equilibrium further augments adoption of alternative energy resources such as natural gas. This phenomenon is therefore expected to further leverage growth in LNG production in years to come.
Additionally, market evolution in terms of technological breakthroughs such as floating storage re-gasification and floating liquefaction are further expected to trigger growth in LNG production. Technological advancements are also likely to widen consumption ratios with inclusion of many developing and under development economies who refrain from using oil as fuel owing to its escalated prices.
A widening pool of buyers and sellers in LNG market is expected to anchor new market entrants besides encouraging leading oil producers to shift towards natural gas production in the near future.
Shell Diverts $12bn in Novel LNG Production Hub in Canada
With rising demands for LNG globally, leading market player Shell has recently invested $12bn in a major LNG production hub in Canada. The venture is expected to suffice LNG requirements in major Asia countries such as China. This development is accounted as a mega thrust towards the growth of LNG production market, besides positioning Shell lucratively on the growth chart.
This elaborate research report on LNG production aims to offer readers with decisive insights on existing market spectrum such as drivers, restraints, and trends that substantially influence the growth route in LNG production market. The report in its attempt to render actionable business insights and competitive advantage to budding market entrants, outlines a detailed account of untapped opportunity assessment to prompt lucrative and well-informed business decisions. The report sheds ample light on regional diversity of LNG production market, emphasizing on tactical business decisions incorporated by market veterans to secure their lead amidst stiffening competition in LNG production market. The report in its trailing sections lends a brief on competitive landscape highlighting key players and their elaborate profiles in terms of global positioning, recent developments, and revenue figures.
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