Small Scale LNG Market Highlights:-
When compared with traditional fossil fuels, LNG emits lesser pollutants and is cheaper. One of the primary factors driving the small scale LNG market is the formulation and implementation of various policies regarding the emission of carbon dioxide and nitrogen oxide and modifications being carried out in the existing liquefied natural gas (LNG) terminals.
Growing population worldwide is increasing the demand for energy. Depleting natural resources such as fuel & water which can be utilized for energy generation coupled with the growing environmental concerns like carbon footprint etc are prompting the need for the alternative resources for clean and sustainable energy generation. In such a scenario where the world is in the dire need of enhancing the production of clean energy; ssLNG is demonstrating the potential to transform the role of gas in energy landscape. Attributing to this factor, ssLNG is gaining traction which is likely to increase as Small Scale LNG Market and regulatory pressures to transition to lower-carbon energy intensify.
Small Scale LNG Global Market Top Key Players:-
- The Linde Group
- Skangas AS
- IHI Corporation
- Excelerate Energy L.P
- Engie SA
- Honeywell International Inc.
- Wärtsilä Corporation
- Prometheus Energy
- GE Oil & Gas
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Industry/ Innovation/ Related News:
December 28, 2017 – Shell Canada Ltd. announced a final investment decision on a $40-billion joint venture to export liquefied natural gas from British Columbia. Calgary-based Shell, a unit of Royal Dutch Shell PLC, announced the same while playing down expectations that it will set 2018 as the make-or-break year for the project in Kitimat on B.C.’s North Coast.
January 20, 2018 – Baleària and gas Natural Fenosa signed the first permanent Liquefied Natural Gas (LNG) bunkering contract for ship propulsion in Spain. The supply contract will be exclusive for 10 years and will initially apply to the ports of Barcelona, Valencia and Algeciras, then extended to all the peninsular ports operated by the shipping company together with the entire new fleet powered by this fuel committed to using LNG as an ecological fuel.
Top Industry News:-
In May, 2014 – Schiender Electric launched its FBX gas-insulated switchgear, a fully sulphur hexafluoride gas (SF6) insulated switchboard for secondary distribution networks, in the African continent.
In January, 2013 – Hyundai Heavy Industries, the world’s largest shipbuilder and a leading electro electric systems manufacturer, announced the completion of the Hyundai Electrosystems gas insulated switchgear plant (GIS) in Vladivostok, Russia.
In November, 2016 – Fuji Electric Co., Ltd., headquartered in Tokyo, Japan, announced the release of its “145 kV Gas-Insulated Switchgear” (GIS) conforming to the IEC Standard.
Major Points From Table Of Content:-
1 Executive Summary
2 Scope Of The Report
3 Market Landscape
4 Market Dynamics
5 Global Small Scale LNG Market, By Mode Of Supply
6 Global Small Scale LNG Market, By Type
7 Global Small Scale LNG Market, By Application
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8 Global Small Scale LNG Market, By Region
9 Competitive Landscape
10 Company Profile
11 List Of Tables
12 List Of Figures
Worldwide Small Scale LNG Market – Regional Analysis
Asia-Pacific accounts for the largest share in global small scale LNG market. Decreased oil prices and government policies and regulations towards greener fuel use have increased the acceptance of LNG. There is an increasing use of natural small scale LNG for transport and standby power requirements, particularly in India and China. Globally, Europe is the second largest market for small scale LNG. The Blue Corridors Project that is underway in Europe to build LNG fueling infrastructure, demonstrates the economic viability of LNG fuel, for heavy trucking that also encourages its adoption. In North America region, LNG with low carbon emissions is compared to diesel and with reduced particulate emissions, is increasingly being used for heavy duty vehicle and onshore transportation.
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