Small-Scale LNG Market worth 48.3 Million Tons per Annum by 2022

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Small-Scale LNG Market worth 48.3 Million Tons
per Annum by 2022
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The Small-Scale LNG Market across the globe is
driven by their increasing LNG demand from remote
locations by applications, such as industrial
power, and the ability to transport LNG over long
distances without the need for heavy investment
such as pipelines. By terminal type,
regasification terminal is expected to grow at a
highest CAGR between 2017 and 2022. The
increasing demand for LNG from the remote
locations and global commoditization of LNG are
some of the major factors that are driving the
demand for small-scale LNG in this segment.
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The Global Small-Scale LNG Market is projected to
grow from 30.8 MTPA in 2016 to 48.3 MTPA by 2022,
at a CAGR of 6.7 between 2017 and 2022. 
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Market Dynamics

• Drivers
• Energy cost advantage of LNG over alternate
  energy sources for end users
• Environmental benefits
• Fiscal regime and subsidies
• Restraints
• Limited receiving terminal infrastructure in
  Asia-Pacific
• Opportunities
• LNG as fuel in transport and power generation
  applications
• Integration of new technologies
• Challenges
• Expensive supply chain

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Heavy duty transport companies save approximately
30 on fuel costs on LNG-fueled trucks, compared
to diesel fueled trucks, and produce 30 lower
emissions. Air pollution from diesel engines is
one of the biggest concerns, especially in areas
that struggle to meet air-quality standards. On
the other hand, natural gas causes complete
combustion and fewer emissions than diesel. It is
estimated that increasing environmental concerns
from the utilization of diesel vehicles is likely
to increase the adoption of green fuel
technologies such as natural gas. In the case of
electric power generation, natural gas engines
below 150 KW are more cost effective than oil
fueled engines.
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The major players in the Small-Scale LNG Market
are,

• Linde AG (Germany)
• Wärtsilä (Finland)
• Honeywell International Inc(US)
• General Electric (US)
• ENGIE (France)
• IHI Corporation (Japan)
• Gazprom (Russia)
• Skangass AS (Norway)
• Sofregaz (France)
• Dresser-Rand (US)
• Prometheus Energy Company (US)
• PLUM ENERGY (US)
• Excelerate Energy. L. P. (US)
• Cryostar SAS (France)

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