Global Small Scale LNG Market Research Report: Information by Type (Liquefaction Terminal, Regasification Terminal), Mode of Supply, Application (Utilities, Residential, Industrial, Commercial, Marine, Transportation), and Region - Forecast till 2023 .
Global Small Scale LNG market is expected to witness phenomenal growth during the forecast period. The market is expected to grow in Asia Pacific region and Africa region due to increasing demand for natural gas as fuel for power and automobile industry. Besides, the regions are experiencing surge in projects of liquefaction and regasification terminal. For instance, Japan and South Korea are increasing their liquefaction capacity, thus, driving the market. Egypt has emerged as new importer for LNG while Mozambique has discovered a new gas field, which will make the nation a huge gas exporter. Europe region is likely to follow the small-scale LNG market after Asia Pacific and Africa regions. According to European Union policies, the nations are phasing out coal-based power plants, thus creating surge in demand for LNG.
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