Factors like high demand in the Asia-Pacific region and large investments will boost the global Liquefied Natural Gas market in near future, says RNCOS.
According to RNCOS latest report entitled “Global LNG Market Analysis”, the Liquefied Natural Gas (LNG) market has witnessed a sharp rise during the last few years. Major developments have taken place in LNG trade, production, and consumption along with market activities. Factors like, huge investments, burgeoning demand and environmental concerns have contributed to the fast growth of the industry. The market is likely to perform well in future also as countries like, India and China witness high growth patterns in LNG consumption and new production plants start operations.
RNCOS has found that the US has been strengthening its domestic LNG market by investing huge amounts in various production plants and terminals. The country has been a major LNG consumer and importer with 452 Billion Cubic Feet of LNG imports in 2009. However, current developments indicate that the US is likely to reach the stage of self-sufficiency in coming future. Moreover, the country may achieve a competitive place in the global LNG export market.
About RNCOS
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
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Source: RNCOS, December 28, 2010;