Market Size of Brazil LNG Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil LNG Market Analysis
The Brazil Liquefied Natural Gas (LNG) market is expected to reach a CAGR of 4% during 2022-2027. The COVID-19 pandemic has severely impacted the market due to disruption in the supply chain, reduction in energy consumption, and discouraging investments in newer technologies. Factors such as increasing investments in LNG projects, increasing demand for gas power generation and the rising number of LNG-fueled fleets are expected to drive the Brazil LNG market during the forecast period. However, However, factors such as the high operation cost of LNG and the lack of supporting infrastructure in the country are expected to hamper the market growth during the forecast period.
- The regasification sector is expected to witness significant growth during the forecast period, owing to the increasing investment in the LNG market.
- Brazil's New Gas Law (Law no 14.134/ 2021) establishes the foundations for developing a liquid and competitive gas market, which will now regulate the sector in Brazil and promote opportunities for natural gas and LNG players.
- Incresing investments in LNG projects is expected to drive the Brazil LNG market during the forecast period, with majority of the demand coming from numorous end use industries.
