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LNG Terminal Market Size – By Terminal, Analysis, Share, Growth Forecast, 2025 - 2034

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LNG Terminal Market Size

The LNG terminal market was valued at USD 7.9 billion in 2024 and is estimated to grow at a CAGR of 13.9% from 2025 to 2034. The growing shift towards more sustainable energy sources, coupled with the decline in coal and oil usage, has resulted in an increase in natural gas consumption. Natural gas has emerged as a cleaner alternative as it burns more efficiently and produces lower emissions, thereby, releasing fewer greenhouse gases and pollutants.
 

LNG Terminal Market

Additionally, ongoing advancements in LNG technology including advanced cryogenic storage systems, optimized liquefaction processes, and more efficient regasification methods, have enhanced operational efficiency and driven down costs of the overall LNG projects.
 

LNG Terminal Market Trends

The emergence of smaller, modular LNG facilities has broadened access to LNG production aiming to meet the demand of local and regional markets, while enabling LNG to reach areas that were previously reliant on larger, export-focused terminals. This paradigm shift enhances energy security and resilience in line with the increasing focus on the reduction of methane emissions across the entire LNG value chain. Moreover, ongoing initiatives to enhance monitoring, detection, and mitigation of unprepared emissions from production to consumption stages are reinforcing LNG’s position as a more sustainable, lower-carbon energy solution.
 

LNG Terminal Market Analysis

LNG Terminal Market Size,  By Terminal, 2022 - 2034 (USD Billion)

The onshore terminal segment is anticipated to cross USD 30 billion through 2034, driven by the growing focus on efficiency and cost reduction through technological innovations, such as enhanced liquefaction processes, advanced cryogenic storage systems, and optimized regasification methods. Furthermore, the growth of small-scale terminals designed to meet localized energy demands including supporting industrial applications, powering remote areas, and providing bunker fuel for shipping will further drive the industry expansion. Moreover, as the push for cleaner energy intensifies, onshore LNG terminals are playing a pivotal role in supporting the global transition to low-carbon energy sources while ensuring reliable, sustainable energy delivery.
 

The floating LNG terminal market is witnessing significant growth, backed by the increasing demand for flexible and cost-effective LNG infrastructure. Floating terminals offer the advantage of mobility, allowing for LNG production and storage in remote offshore locations, eliminating the need for expensive onshore facilities and extensive pipeline networks. Additionally, ongoing technological advancements in floating designs are improving operational efficiency and safety, with innovations focused on enhancing liquefaction capacity, reducing energy consumption, and minimizing emissions, including efforts to reduce methane leakage, further complementing the industry landscape.
 

U.S. LNG Terminal Market Size, 2022 - 2034 (USD Billion)

The U.S. LNG terminal market is set to cross USD 17 billion by 2034, driven by both domestic and international demand for cleaner energy. Additionally, the development of new and upgraded terminals coupled with the adoption of advanced technologies in liquefaction and storage, is enhancing operational efficiency and reducing costs will favor the market growth. Moreover, the growing focus on sustainability coupled with the increasing emphasis of companies prioritizing eco-friendly technologies and emission reduction initiatives will further shape the market dynamics.

 

LNG Terminal Market Share

LNG Terminal Company Market Share Analysis, 2024

Key players in the LNG industry including BP, Chevron, ExxonMobil, Petronas, Qatar Energy, and Shell, among many others account for a significant position across the value chain. The market is experiencing dynamic shifts in market share, driven by evolving energy demand, technological advancements, and growing energy consumption. As global demand for cleaner energy sources rises, major key players are expanding their capabilities, particularly across the geographies with rapidly rising energy needs.
 

LNG Terminal Market Companies

Major players operating across the industry include:

  • ADNOC
  • AES
  • BP
  • Chevron
  • CNPC
  • Engas
  • Engie
  • Eni
  • Equinor
  • ExxonMobil
  • Gazprom
  • KNPC
  • Pertamina
  • Petronas
  • Petronet
  • Qatar Energy
  • Repsol
  • Shell
  • Total
  • Vopak
     

LNG Terminal Industry News

  • In December 2024, Chevron confirmed to initiate a contract to provide about 3.4 billion cubic meter (bcm) or 130 petajoules (PJ) gas from the company’s LNG projects in Pilbara region, Australia to the U.S. based alumina refineries owned by Alcoa group located in western Washington. The agreement binding the purchase and sale of gas is scheduled to continue for 10 years starting from 2028 and is projected to be sourced from Chevron’s LNG ventures called Gorgon, North West Shelf (NWS), and Wheatstone.
     
  • In December 2024, Qatar Energy obtained an LNG supply order to deliver 12 cargoes per annum to the India based gas distribution company called Gail. The five-year contract is set to commence from April 2025 until March 2030 engaging the tentative delivery volume of about 3.6 million tonnes by 2030.
     

This LNG terminal market research report includes in-depth coverage of the industry with estimates & forecast in terms of “MTPA” and “USD Million” from 2021 to 2034, for the following segments:

Market, By Terminal

  • Onshore
  • Floating

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Netherlands
    • Spain
    • Poland
    • Russia
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Thailand
    • Malaysia
    • Indonesia
  • Middle East & Africa
    • UAE
    • Qatar
    • Oman
    • Algeria
    • Egypt
  • Latin America
    • Brazil
    • Argentina
Authors: Ankit Gupta, Divyendu Sharma
Frequently Asked Question(FAQ) :
Who are the major players in the LNG terminal market?
The industry includes key players such as ADNOC, AES, BP, Chevron, CNPC, Engas, Engie, Eni, Equinor, ExxonMobil, Gazprom, KNPC, Pertamina, Petronas, Petronet, Qatar Energy, Repsol, Shell, Total, and Vopak.
What is the projected value of the onshore LNG terminal segment?
What is the size of the U.S. LNG terminal market?
How big is the LNG terminal market?
LNG Terminal Market Scope
  • LNG Terminal Market Size
  • LNG Terminal Market Trends
  • LNG Terminal Market Analysis
  • LNG Terminal Market Share
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    Authors: Ankit Gupta, Divyendu Sharma
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    Premium Report Details

    Base Year: 2024

    Companies covered: 20

    Tables & Figures: 32

    Countries covered: 25

    Pages: 125

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