Global Small Scale LNG Terminals Market Estimated to Reach 173.85 MMTPA by 2027

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Small Scale LNG Terminals Market Global Industry
Analysis, Size, Share, Growth, Trends and
Forecast, 2027
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Global Biogas Plant Market Key Highlights

• The global small scale LNG terminals market was
  around 70.90 MMTPA in 2018 and is anticipated to
  rise at a CAGR of more than 10.4 during the
  forecast period
• The regasification segment accounted for major
  share of the small scale LNG terminals market in
  2018, due to the increasing demand and
  consumption of natural gas in automotive and
  industrial sector
• The onshore segment held prominent share of the
  small scale LNG terminals market in 2018.
• High demand of onshore facilities for supply of
  LNG to the urban transportation network as well
  as to LNG bunkering facilities.
• Asia Pacific is expected to grow at a significant
  pace in the near future, due to the rising demand
  for natural gas in the region as a cleaner
  alternative to coal and refined products for
  power generation and as a fuel, especially in
  developing countries such as China and India

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• The small scale LNG terminals market faces
  promising prospect ahead as US Energy Department
  reported a near 100 rise in LNG exports
  during 2018-19 period. In 2018, the total
  domestically manufactured LNG in the US, one of
  the worlds biggest exporter, stood at 1,972.3
  Billion cubic feet (bcf).
• The figure rose to an incredible 3,379.9 bcf of
  natural gas at the end of 2019.  Additionally,
  the demand for the products has risen
  considerably in new regions including those of
  Latin America, wherein 933.8 bcf were exported
  which made the region extremely prominent in the
  market with a share of 27.6 in Oct 2019.
• The growing demand for LNG products, and
  promising opportunities in small LNG terminals
  will drive tremendous growth for the market.
• Growing demand for bunker fuels will drive robust
  growth for the small scale LNG terminals market
  in the near future. The growing demand for
  sustainability, and recent changes in European
  naval regulations will drive growth for the
  liquid variety of natural gas in the near future.

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Despite Barriers to Growth, LNG to Reach 10
Global Crude Production

• This has brought new changes in The
  sulphur-emission from global shipping has emerged
  as a major threat for climate conditions. It is
  estimated that the industry results in 18
  harmful emissions of air-pollutants globally.
• the industry, which will go into effect starting
  from January 1, 2020. The new regulations allow
  for 0.5 emission of sulphur from previous 3.5. 
• The major reduction in proposed emissions will
  require the industry to use much cleaner sources
  of fuel, including LNG. The liquid variety of
  natural gas has remained restricted in growth
  previously as its production costs and the need
  for storage remained barriers to its growth.
• However, new regulations and growing exports of
  countries like the US ensure that the energy from
  LNG will form 10 of crude production by 2020. 
• It is likely to increase thereafter as new
  players in production like the United States,
  promise lower prices due to advance manufacturing
  techniques, and considerably supply of the clean
  energy.

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