The requirement of energy sources are escalating every year. Traditionally, the demand had been fulfilled by coal and other fossil fuels. However, during the past few years, natural gas has been given preference over coal and other fossil fuels. Increasing crude oil and coal prices in the international market along with clean power development pressure are the main factors responsible for these changes. Hence, LNG is quickly becoming the most internationally traded commodity in the world. Asia Pacific is the traditional hub of the global LNG business, particularly due to an increased emphasis on environmental safety.
The LNG demand in the Asia-Pacific region is increasing with an increase in demand from various countries. For instance, China’s natural gas demand growth is being driven by the governments effort to curb pollution. Demand from Japan is also increasing with a shift in the focus to natural gas for power generation. Additionally, the demand from countries like India is increasing on account of high GDP growth rate. Thus, Asia-Pacific region dominates the demand for LNG in the global LNG market, says Asia Pacific LNG Market Outlook 2020, a recent report by RNCOS.
The report evaluates Asia-Pacific LNG Industry in detail. It identifies major LNG import and export markets and presents their current industry status. Each of the countries is studied thoroughly with special focus on demand and supply scenario of the country; major LNG receiving terminals/production plants; under construction and proposed LNG receiving terminals/production plants; and medium- and long-term receiving/supply contracts. Forecasting of LNG demand/supply for 2015 and 2020 of each country is also provided in the report. Competitive landscape with profiling of major oil and gas companies in the LNG sector are also included in the report. The section covers brief business overview, key financials, and recent development of the company. Overall, the report provides complete overview of the market that can help clients to frame their strategies accordingly.
For FREE SAMPLE of this report visit:
Some of our Related Reports are:
– Indian Natural Gas Sector Analysis ()
– Russian LNG Market Analysis ()
– Global LNG Market Analysis ()
Check Related REPORTS on:
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.