On energy basis Liquid Natural Gas (LNG) Market production is expected to hit 10% of the global crude production by 2020

Liquid Natural Gas Market 2018 By Manufacturers, Regions, Type And Application, Forecast To 2023

NG stands for Liquefied Natural Gas or Liquid Natural Gas, and as the name implies, it is traditional natural gas which has been cooled to the point of liquefaction. Liquefied natural gas is odorless, colorless, non-corrosive, and non-toxic. It is also much more dense than gaseous natural gas Liquid Natural Gas Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis of Liquid Natural Gas Market. This research is conducted to understand the current landscape of the market, especially in 2018. This will shape the future of the market and foresee the extent of competition in the market. This report will also help all the manufacturers and investors to have a better understanding of the direction in which the market is headed.

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Key players
Leading players in Liquid Natural Gas Market are:
Shell, BG Group, Chevron, Total, Bechtel Corporation, Applied LNG, Cheniere, Australia Pacific LNG, Guangdong Dapeng LNG Company, Atlantic, Basra Gas Company, Pakistan Petroleum, Petrochina, South Gas Company

Global Trade:

In the commercial development of an LNG value chain, LNG suppliers first confirm sales to the downstream buyers and then sign long-term contracts (typically 20–25 years) with strict terms and structures for gas pricing. Only when the customers are confirmed and the development of a greenfield project deemed economically feasible, could the sponsors of an LNG project invest in their development and operation. Thus, the LNG liquefaction business has been limited to players with strong financial and political resources. Major international oil companies (IOCs) such as ExxonMobil, Royal Dutch Shell, BP, BG Group, Chevron, and national oil companies (NOCs) such as Pertamina and Petronas are active players.

LNG is shipped around the world in specially constructed seagoing vessels. The trade of LNG is completed by signing an SPA (sale and purchase agreement) between a supplier and receiving terminal, and by signing a GSA (gas sale agreement) between a receiving terminal and end-users. Most of the contract terms used to be DES or ex ship, holding the seller responsible for the transport of the gas. With low shipbuilding costs, and the buyers preferring to ensure reliable and stable supply, however, contracts with FOB terms increased. Under such terms the buyer, who often owns a vessel or signs a long-term charter agreement with independent carriers, is responsible for the transport.

Liquid Natural Gas Market Segmentation
The Liquid Natural Gas market is segmented based on Application & product type. By Type, Methane, Ethane, Propane, Others, By Application, Automotive Fuel, Marine Fuel, Industrial Power Generation, Living Fuel, Others

The main points which are answered and covered in this Report are-

• What will be the total Liquid Natural Gasmarket size in the coming years till 2021?
• What will be the key factors which will be overall affecting the industry?
• What are the various challenges addressed?
• Which are the major companies included?

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We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the Liquid Natural Gas market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.

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