LNG Terminal Market Size

Statistics for the 2023 & 2024 LNG Terminal market size, created by Mordor Intelligence™ Industry Reports. LNG Terminal size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of LNG Terminal Industry

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LNG Terminals - Market Summary
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Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 5.90 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

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LNG Terminals Market Analysis

The growth of global LNG receiving capacity, in 2018, was 22.8 MTPA, and, the size of the LNG receiving capacity, is expected to increase at a CAGR of approximately 5.9 % year on year, till 2025. The natural gas consumption grew by 5.3% in 2018 compared to the previous year. Therefore, factors such as increasing demand for natural gas coupled with its low-price characteristics, are expected to drive the market for LNG terminals during the forecast period. However, steep fall, after 2018, prices have caused concern on the supply side about the price going below the production cost.

  • The floating terminals market segment is expected to be the fastest-growing market as new facilities are being constructed around the globe, especially in developing economies, including but not limited to Kaliningrad LNG Terminal in Russia and Jaigarh LNG Terminal in India. They have become more attractive as they can be constructed at low cost and less time.
  • As more economies are joining in the gas network with Bangladesh and Panama becoming the newest members, in 2018. It is expected that the business will become more profitable with economies of scale, helping in increasing the profits, more so, after 2024.
  • The Asia Pacific region is expected to dominate the market, with the majority of the demand coming from countries such as China and South Korea.

LNG Terminals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)