Floating Liquefied Natural Gas Market Market Size, Share, Trends, Growth Outlook

Floating Liquefied Natural Gas Market is estimated to increase at a growth rate of 12.1% CAGR over the forecast period from 2024 to 2030.

The global Floating Liquefied Natural Gas Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Technology (LNG FPSO, FSRU, Others), By Capacity (Small/Mid-Scale, Large Scale, Others).

An Introduction to Floating Liquefied Natural Gas Market, 2024

The Floating Liquefied Natural Gas (FLNG) Market in 2024 represents a transformative solution for monetizing offshore natural gas reserves, offering a flexible and cost-effective alternative to conventional onshore liquefied natural gas (LNG) facilities. FLNG vessels serve as offshore production, liquefaction, and storage units, enabling gas extraction, processing, and export directly from offshore gas fields without the need for costly pipeline infrastructure. The market experiences significant growth driven by factors such as increasing demand for natural gas, offshore exploration activities, and the development of remote gas reserves. FLNG technology providers focus on designing compact, modular, and technologically advanced floating facilities capable of operating in harsh marine environments and complying with stringent safety and environmental regulations. Additionally, strategic partnerships, project financing initiatives, and geopolitical factors influence market dynamics and investment decisions in FLNG projects. As countries seek to diversify their energy portfolios and capitalize on offshore gas reserves, the FLNG market holds immense potential for enabling new gas developments and unlocking economic value in remote offshore regions.

Floating Liquefied Natural Gas Market Competitive Landscape

The global Floating Liquefied Natural Gas Market Industry is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Floating Liquefied Natural Gas Market Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Floating Liquefied Natural Gas Market Industry include- ABB Ltd, BASF SE, Eni S.p.A., Excelerate Energy Inc, Exmar NV, Golar LNG Ltd, Höegh LNG Holdings Ltd, Mitsui O.S.K. Lines Ltd, Petroliam Nasional Berhad (PETRONAS), Shell plc, Woodside Energy Group Ltd

Floating Liquefied Natural Gas Market Trend: Expansion of Offshore LNG Production Facilities

A significant trend in the Floating Liquefied Natural Gas (FLNG) Market is the expansion of offshore LNG production facilities, driven by the increasing demand for natural gas, remote gas reserves, and the advantages of offshore liquefaction technology. With offshore gas fields being discovered in deeper waters and remote locations, traditional onshore LNG facilities may not be economically feasible or environmentally sustainable. Floating LNG facilities offer a flexible and cost-effective solution for monetizing offshore gas reserves, enabling gas production, liquefaction, and storage directly at the source. This reflects a shift towards offshore gas development and the adoption of FLNG technology as a viable alternative to conventional onshore LNG projects, driving investments in floating liquefaction projects worldwide.

Floating Liquefied Natural Gas Market Driver: Growing Global Demand for Clean and Flexible Energy Sources

A significant driver propelling the Floating Liquefied Natural Gas (FLNG) Market is the growing global demand for clean and flexible energy sources, fueled by environmental regulations, energy transition initiatives, and the transition away from coal and oil towards cleaner fuels. Natural gas, considered a cleaner alternative to coal and oil, experiencing increasing demand for power generation, industrial applications, and transportation fuel. FLNG technology enables the production and export of LNG, providing countries with access to cleaner energy sources and reducing greenhouse gas emissions. Additionally, FLNG facilities offer flexibility in gas production and distribution, enabling rapid response to market dynamics, changing demand patterns, and emerging opportunities in LNG trade. The growing global demand for clean and flexible energy sources drives investments in FLNG projects, creating opportunities for companies involved in the design, construction, and operation of floating liquefaction facilities.

Floating Liquefied Natural Gas Market Opportunity: Expansion into Small-Scale and Floating LNG Bunkering Facilities

An untapped opportunity in the Floating Liquefied Natural Gas (FLNG) Market lies in the expansion into small-scale and floating LNG bunkering facilities to support the growing demand for LNG as a marine fuel. With increasing environmental regulations and the push towards decarbonization in the shipping industry, there's a rising interest in LNG as a cleaner alternative to traditional marine fuels such as heavy fuel oil and marine diesel. Small-scale and floating LNG bunkering facilities enable the efficient supply of LNG to ships, providing refueling infrastructure for LNG-powered vessels in ports, coastal areas, and offshore locations. By leveraging FLNG technology for small-scale liquefaction and bunkering operations, companies can capitalize on the growing demand for LNG bunkering services, support the adoption of LNG as a marine fuel, and contribute to the reduction of emissions in the shipping sector. Expansion into small-scale and floating LNG bunkering facilities presents an opportunity for companies to diversify their business portfolios, expand their market presence, and drive growth in the FLNG market.

Floating Liquefied Natural Gas Market Market Segmentation

By Technology

• LNG FPSO
• FSRU
• Others

By Capacity

• Small/Mid-Scale
• Large Scale
• Others

Geographical Analysis

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• South America (Brazil, Argentina, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Floating Liquefied Natural Gas Market Companies

• ABB Ltd
• BASF SE
• Eni S.p.A.
• Excelerate Energy Inc
• Exmar NV
• Golar LNG Ltd
• Höegh LNG Holdings Ltd
• Mitsui O.S.K. Lines Ltd
• Petroliam Nasional Berhad (PETRONAS)
• Shell plc
• Woodside Energy Group Ltd

*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Floating Liquefied Natural Gas Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Floating Liquefied Natural Gas Market Size Outlook, $ Million, 2021 to 2030
3.2 Floating Liquefied Natural Gas Market Outlook by Type, $ Million, 2021 to 2030
3.3 Floating Liquefied Natural Gas Market Outlook by Product, $ Million, 2021 to 2030
3.4 Floating Liquefied Natural Gas Market Outlook by Application, $ Million, 2021 to 2030
3.5 Floating Liquefied Natural Gas Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Floating Liquefied Natural Gas Industry
4.2 Key Market Trends in Floating Liquefied Natural Gas Industry
4.3 Potential Opportunities in Floating Liquefied Natural Gas Industry
4.4 Key Challenges in Floating Liquefied Natural Gas Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Floating Liquefied Natural Gas Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Floating Liquefied Natural Gas Market Outlook by Segments
7.1 Floating Liquefied Natural Gas Market Outlook by Segments, $ Million, 2021- 2030
By Technology
LNG FPSO
FSRU
Others
By Capacity
Small/Mid-Scale
Large Scale
Others

8 North America Floating Liquefied Natural Gas Market Analysis and Outlook To 2030
8.1 Introduction to North America Floating Liquefied Natural Gas Markets in 2024
8.2 North America Floating Liquefied Natural Gas Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Floating Liquefied Natural Gas Market size Outlook by Segments, 2021-2030
By Technology
LNG FPSO
FSRU
Others
By Capacity
Small/Mid-Scale
Large Scale
Others

9 Europe Floating Liquefied Natural Gas Market Analysis and Outlook To 2030
9.1 Introduction to Europe Floating Liquefied Natural Gas Markets in 2024
9.2 Europe Floating Liquefied Natural Gas Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Floating Liquefied Natural Gas Market Size Outlook by Segments, 2021-2030
By Technology
LNG FPSO
FSRU
Others
By Capacity
Small/Mid-Scale
Large Scale
Others

10 Asia Pacific Floating Liquefied Natural Gas Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Floating Liquefied Natural Gas Markets in 2024
10.2 Asia Pacific Floating Liquefied Natural Gas Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Floating Liquefied Natural Gas Market size Outlook by Segments, 2021-2030
By Technology
LNG FPSO
FSRU
Others
By Capacity
Small/Mid-Scale
Large Scale
Others

11 South America Floating Liquefied Natural Gas Market Analysis and Outlook To 2030
11.1 Introduction to South America Floating Liquefied Natural Gas Markets in 2024
11.2 South America Floating Liquefied Natural Gas Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Floating Liquefied Natural Gas Market size Outlook by Segments, 2021-2030
By Technology
LNG FPSO
FSRU
Others
By Capacity
Small/Mid-Scale
Large Scale
Others

12 Middle East and Africa Floating Liquefied Natural Gas Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Floating Liquefied Natural Gas Markets in 2024
12.2 Middle East and Africa Floating Liquefied Natural Gas Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Floating Liquefied Natural Gas Market size Outlook by Segments, 2021-2030
By Technology
LNG FPSO
FSRU
Others
By Capacity
Small/Mid-Scale
Large Scale
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
ABB Ltd
BASF SE
Eni S.p.A.
Excelerate Energy Inc
Exmar NV
Golar LNG Ltd
Höegh LNG Holdings Ltd
Mitsui O.S.K. Lines Ltd
Petroliam Nasional Berhad (PETRONAS)
Shell plc
Woodside Energy Group Ltd
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

Floating Liquefied Natural Gas Market Market Segmentation

By Technology

• LNG FPSO
• FSRU
• Others

By Capacity

• Small/Mid-Scale
• Large Scale
• Others

Geographical Analysis

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• South America (Brazil, Argentina, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa