United States LNG Infrastructure Market Size (2024 - 2029)

The United States LNG Infrastructure Market is projected to experience significant growth over the forecast period, driven by the increasing adoption of natural gas across various sectors to reduce carbon emissions and promote a cleaner environment. The country's status as a net LNG exporter since 2017, fueled by abundant shale gas, has led to substantial investments in export facilities, thereby boosting the demand for LNG infrastructure. Despite challenges such as volatile natural gas prices and an anticipated LNG glut, the United States is poised to capitalize on opportunities as a major exporter to rapidly growing non-OECD Asian markets, which are expected to have a substantial demand for natural gas.

Market Size of United States LNG Infrastructure Industry

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United States LNG Infrastructure Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 42.85 Billion
Market Size (2029) USD 58.11 Billion
CAGR (2024 - 2029) 6.28 %
Market Concentration Low

Major Players

United States LNG Infrastructure Market Major Players

*Disclaimer: Major Players sorted in no particular order

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United States LNG Infrastructure Market Analysis

The United States LNG Infrastructure Market size is estimated at USD 42.85 billion in 2024, and is expected to reach USD 58.11 billion by 2029, growing at a CAGR of 6.28% during the forecast period (2024-2029).

  • Over the medium term, factors such as the growing uses of natural gas in various sectors, such as power generation, to have lower carbon emissions for a cleaner environment are expected to drive the market during the forecast period. Moreover, the United States became a net LNG exporter in 2017, owing to an abundance of shale gas, which led to increased investments in export facilities, in turn promulgating the demand for LNG infrastructure in the country.
  • On the other hand, volatile natural gas prices led to decreased exports, and a glut of LNG is expected to hinder market growth.
  • Nevertheless, as per the Energy Information Administration (EIA), non-OECD Asian countries like China, India, Bangladesh, Thailand, and Vietnam are expected to consume 120 billion cubic feet per day (bcf/d) of natural gas by 2050, outpacing regional natural gas production by 50 bcf/d. Hence, the United States is expected to be a major exporter of natural gas to these countries, creating major opportunities for the market players.

United States LNG Infrastructure Industry Segmentation

LNG infrastructure refers to the physical facilities and systems required to produce, transport, store, and distribute liquefied natural gas (LNG) from its source to end-users. LNG is natural gas that has been cooled to a temperature of -162°C (-260°F) to convert it into a liquid state, which makes it easier and more efficient to transport and store.

The United States LNG infrastructure is segmented into types. By type, the market is segmented into liquefaction plants and regasification plants. For each segment, market sizing and forecasts have been done based on revenue (USD).

Type
Liquefaction Plants
Regasification Plants
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United States LNG Infrastructure Market Size Summary

The United States LNG infrastructure market is poised for significant growth, driven by the increasing demand for natural gas across various sectors, particularly in power generation for reduced carbon emissions. The U.S. has established itself as a net LNG exporter since 2017, leveraging its abundant shale gas resources to boost investments in export facilities. This strategic positioning has led to a surge in LNG infrastructure development, with the U.S. becoming a major player in the global LNG market. Despite challenges such as volatile natural gas prices and potential oversupply, the U.S. is expected to capitalize on growing demand from non-OECD Asian countries, which are projected to significantly increase their natural gas consumption in the coming decades.

The United States has emerged as a leading force in global LNG trade, accounting for a substantial portion of new liquefaction capacity and ranking as the third-largest LNG seller worldwide. The country's infrastructure, including major terminals like Sabine Pass and Freeport, underscores its dominance in the sector. The ongoing expansion of liquefaction facilities, such as the NFE Fast LNG 2 project, highlights the U.S.'s commitment to enhancing its export capabilities. With a fragmented market landscape featuring key players like Chiyoda Corporation, Bechtel Corporation, and Cheniere Energy Inc., the U.S. LNG infrastructure market is set to maintain its growth trajectory, supported by abundant shale gas supplies and strategic international trade relationships.

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United States LNG Infrastructure Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2029

    3. 1.3 List of Existing, Under Construction, and FID Liquefaction Facilities

    4. 1.4 List of LNG Receiving Terminals

    5. 1.5 LNG Import and Export Capacity, in BCM, till 2023

    6. 1.6 Recent Trends and Developments

    7. 1.7 Government Policies and Regulations

    8. 1.8 Market Dynamics

      1. 1.8.1 Drivers

        1. 1.8.1.1 Growing Uses of Natural Gas in Various Sectors

      2. 1.8.2 Restraints

        1. 1.8.2.1 Volatile Natural Gas Prices

    9. 1.9 Supply Chain Analysis

    10. 1.10 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Liquefaction Plants

      2. 2.1.2 Regasification Plants

United States LNG Infrastructure Market Size FAQs

The United States LNG Infrastructure Market size is expected to reach USD 42.85 billion in 2024 and grow at a CAGR of 6.28% to reach USD 58.11 billion by 2029.

In 2024, the United States LNG Infrastructure Market size is expected to reach USD 42.85 billion.

United States LNG Infrastructure Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)