DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/2jvk6d/global_floating) has announced the addition of the “Global Floating LNG Market 2015-2019” report to their offering.
The Global Floating LNG market to grow at a CAGR of 15.2 percent over the period 2014-2019.
The report, the Global Floating LNG Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Floating LNG market landscape and its growth prospects in the coming years. The report includes the geographical segmentation of the Global Floating LNG market. It also includes a discussion of the key vendors operating in this market.
One of the key trends expected to mitigate the effect of the challenges is the increase in LNG exports. Because of the increase in demand for energy, the LNG exports are increasing to fulfill this demand. Producers are seeking to convert existing import terminals into export terminals.
According to the report, one of the key factors driving the market is the growing offshore field development. It is expected that the market will witness a significant increase in the number of new offshore floating LNG projects during the forecast period compared to other shale gas and related exploration projects.
Further, the report states that the design and construction challenges for floating LNG facilities have become a serious concern in the market. The movement of LNG production to the offshore set-up is very complex and poses a set of challenges related to the design and construction of floating LNG systems. In the floating LNG system, the size of the total LNG system is reduced to one-third the size of a typical LNG facility.
Key Vendors
– Excelerate Energy
– Golar LNG
– Höegh LNG
– Royal Dutch Shell
– Samsung Heavy Industries
Other Prominent Vendors
– PETRONAS
– Daewoo Shipbuilding and Marine Engineering
– Hyundai Heavy Industries
For more information visit http://www.researchandmarkets.com/research/2jvk6d/global_floating