Pacific Liquefied Natural Gas Market

The Asia Pacific Liquefied Natural Gas market size was valued at US$ 156.2 billion in 2024 and is projected to reach US$ 228.7 billion by 2030, at a CAGR of 6.5% during the forecast period 2024-2030.

Liquefied Natural Gas (LNG) is natural gas that has been cooled to a liquid state for ease of storage and transport, used as a cleaner alternative to coal and oil in power generation, industrial processes, and residential applications.

The Asia Pacific LNG market is experiencing robust growth, driven by increasing energy demand and a shift towards cleaner fuel sources. China accounts for 35% of the market, followed by Japan at 25% and South Korea at 20%. In 2023, power generation consumed 45% of total LNG imports, with industrial use at 30% and residential/commercial at 20%. The market saw a 10% increase in demand due to coal-to-gas switching policies in major economies. Key players include China National Offshore Oil Corporation (CNOOC) and JERA Co., Inc. (Japan), collectively holding a 30% market share in the region.

The industry is investing heavily in import infrastructure, with a 15% increase in regasification capacity additions in 2023. Challenges include price volatility and competition from renewable energy sources, leading to a 8% focus on long-term contract renegotiations. The trend towards small-scale LNG has driven a 20% growth in distributed LNG applications for remote power and transportation. The market is benefiting from the expansion of LNG bunkering for maritime transport, with a 25% increase in LNG-fueled vessels orders in the region.

Report Includes

Pacific Liquefied Natural Gas Market is an essential reference for who looks for detailed information on Asia Pacific Liquefied Natural Gas . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Liquefied Natural Gas , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

Pacific Liquefied Natural Gas Market aims to provide a comprehensive presentation of the Asia Pacific Liquefied Natural Gas , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Liquefied Natural Gas . Pacific Liquefied Natural Gas Market contains market size and forecasts of Liquefied Natural Gas in Asia Pacific, including the following market information:

We surveyed the Liquefied Natural Gas manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Indonesia

by Products type:

• High-calorific
• Low-calorific

by Application:

• Transportation Fuel
• Power Generation
• Mining & Industrial

key players include: (At least 8-10 companies included)

• PetroChina Company Limited
• China National Offshore Oil Corporation (CNOOC)
• Petronas (Petroliam Nasional Berhad)
• GAIL (India) Limited
• PT Pertamina
• Santos Ltd
• Oil & Natural Gas Corporation Limited (ONGC)
• Korea Gas Corporation (KOGAS)
• Tokyo Gas Co., Ltd.
• Woodside Petroleum
• Including or excluding key companies relevant to your analysis.

Competitor Analysis

• The report also provides analysis of leading market participants including:
• Key companies Liquefied Natural Gas revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)
• Key companies Liquefied Natural Gas revenues share in Asia Pacific market, 2023 (%)
• Key companies Liquefied Natural Gas sales in Asia Pacific market, 2019-2024 (Estimated),
• Key companies Liquefied Natural Gas sales share in Asia Pacific market, 2023 (%)

• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
• The report covers Asia Pacific and country-wise market of Liquefied Natural Gas
• It describes present situation, historical background and future forecast
• Comprehensive data showing Liquefied Natural Gas capacities, production, consumption, trade statistics, and prices in the recent years are provided
• The report indicates a wealth of information on Liquefied Natural Gas manufacturers
• Liquefied Natural Gas forecast for next five years, including market volumes and prices is also provided
• Raw Material Supply and Downstream Consumer Information is also included
• Any other user's requirements which is feasible for us

• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 1-year analyst support, along with the data support in excel format.