The global liquefied natural gas market is estimated to propagate by way of increasing consumption of energy, increasing municipal inhabitants, growing demand for natural gas-powered automobiles, fast-tracking of financial development, and growing inclination for liquefied natural gas in emerging financial prudence.
Important inclinations and developments of this market comprise growing export of this natural gas, additions of capacities, mounting demand for liquefied natural gas bunkering, rolling developments, increasing commercial market, and growing change in the direction of modular equipment.
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The global liquefied natural gas industry can be classified by End Users and Region. By End Users, it can be classified as Industrial, Power Generation, and others.
By Region, the global LNG market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific has appeared as the most important area for liquefied natural gas owing to the growing capability of liquefaction and exports, along with growing imports by South Korea, China, and India.
Some of the important companies for the liquefied natural gas market are Chevron Corporation, Exxon Mobil Corporation, British Petroleum Plc, Royal Dutch Shell Plc., CNOOC, China National Petroleum, Veresen Inc., Qatar Petroleum, Dominion Resources, Cheniere Energy, BG Group plc, Sinopec Group, Woodside Petroleum, Sempra Energy, Kinder Morgan, ConocoPhillips, Apache Corporation, and Qatar gas Operating Company.
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