Publish Date:October 2015
No. of Pages:69
The report titled “Global LNG Fleet Market: Trends & Opportunities (2015-2019)” analyzes the potential opportunities and significant trends in the global LNG fleet industry. The report provides market size and forecast of global LNG fleet market both in terms of capacity and no of units. The report also provides detailed analysis of the LNG fleet market by types such as LNG carriers, FSRU, FLNG and LNG Fueled fleet. LNGC detailed market analysis by type, new build orders, by orderbook, by capacity and vessel size is also provided in the report.
The report provides detailed market analysis of the FSRU and FLNG. The FSRU market has grown from being non-existent in 2004 to having a total of 20 operational units. The FLNG market has been on the cusp of becoming reality for almost a decade with the early plans for FLNG targeting stranded gas fields which were too small for land-based LNG plants.
The report also provides global market share analysis of the LNG fleet market by key players and by orderbook. LNG fleet market is driven by the increasing global LNG trade, liquefaction and shipping capacity and strong commercial vessel demand. Basic challenges faced by LNG market are technical expertise, long term investment and capital intensive nature of the market. Rising regasification market, floating regasification and growth of small scale LNG are the key market trends in the global LNG fleet market.
Leading companies operating in the global LNG fleet market, namely GTT (Gaztransport & Technigaz), Hoegh LNG Holdings, and Teekay LNG Partners, have been profiled with their respective business strategies. The growth of the market has been projected taking into consideration various aspects like previous growth patterns, the current trends, the growth drivers, challenges and environmental conditions.Company Coverage
Today’s LNG industry is very different from that of the 1970s. By the end of 1979, after a surge of new building in the second half of the 1970s, the world fleet was 52 ships – 17 Moss, 16 Gaz Transport, 12 Technigaz, and 7 others. There were a limited number of trade routes, with ships working on long-term charter to deliver LNG from the exporting to importing countries.
The LNG shipping market has developed over the last decade, driven by growth in global liquefaction capacity and demand in the Pacific Basin. In recent years and is expected to increase imports greatly in the coming years; and the UK is no longer self-sufficient in natural gas from the North Sea and has become an importer of LNG. The USA was for a time an importer of LNG, but has become an exporter again after their development of large shale gas deposits. In recent years there has also been re-export of LNG from the USA and Belgium, and this has been developing into a spot market which is gradually taking an increasing share of world LNG trade. Among the exporting countries, the biggest development was Qatar gas’s decision to greatly expand its LNG exports, seeing opportunities to sell in Europe and the USA.
The global LNG market has led to a worldwide fleet of LNG carriers that transport LNG to regasification plants around the world. New trend of new-build ordering was witnessed in late 2012 and 2013. Rather than the LNG demand factors that drove orders in past years, LNG supply factors lead the current cycle, with new-build orders mainly tied to projects in Australia and the US.