Market for liquefied natural gas infrastructure climbs to $35.8 Billion in 2012
Global investment in the infrastructure for liquefied natural gas in 2012 will reach $35.8 billion, according to new Liquefied Natural Gas Market research (for 2012-2022), published by Visiongain and announced by Global Information Inc.
Natural gas is the fastest growing fossil fuel market in the world. International trade of liquefied natural gas (LNG) is facilitated by natural gas liquefaction plants, which enable carrier ships to transport economic volumes across the world''s oceans. Many countries have built LNG export or LNG import terminals, with new production plants coming on-stream between 2012 and 2022. An increasing number of carriers will be required in order to allow LNG trade to grow further.
This report forecasts the global liquefied natural gas market in terms of investment value for three submarkets: liquefaction, regasification and LNG carriers.
The total market value of products produced using gas-to-liquids (GTL), coal-to-liquids (CTL), and biomass-to-liquids (BTL) technologies will increase by a factor of more than 145% in the next five years according to a new gas-to-liquids energy market research report from BCC Research, growing from $4.6 billion in 2012 to $6.8 billion by 2017.
A significant amount of the world''s natural gas resources are stranded far from existing markets. Development of commercial-scale gas-to-liquids (GTL) plants utilizing stranded natural gas is a relatively recent development. Many major oil companies have announced plans to investigate producing synthetic diesel fuel via a GTL process.
This new research from BCC provides an up-to-date and critical evaluation of the most dynamic aspects of GTL technology, and describes how recent breakthroughs in conversion technology have made GTL products competitive with products refined from crude oil. Gas-to-Liquids markets by product type are evaluated, including synthetic fuels and chemicals, with forecasts through 2014. Competing markets for gas are discussed including liquefied natural gas (LNG) and natural gas liquid (NGL). GTL technology is presented by covering patents and markets and investments by technology type.