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Emerging Economies Fuel LNG Demand in Future
By Shushmul Maheshwari
RNCOS E-Services Pvt. Ltd.
Email: press@rncos.com
http://www.rncos.com/
Wednesday - October 28, 2009
Category: Investment, Natural Gas
RNCOS has recently published a research report "Global LNG Market Analysis" which states that the global LNG market is expected to grow at robust pace in coming years on rising demand from both developed and developing countries. Statistics show that 2008 financial crisis has failed to make any major impact on LNG demand since countries worldwide have understood the significance of incorporating LNG in their energy bag in view of growing environmental concerns and depleting traditional energy resources. Thus, the global LNG demand is projected to grow at a CAGR of around 5% during 2009-2030.
As per our research findings, countries around the world are converting their coal and other fossil fuel based power plants into natural gas thermal plants. Soaring crude oil and coal prices in the international market, coupled with clean power development pressure, are the main forces that have led to this transformation of power plants. As a result, LNG is rapidly becoming the most internationally traded commodity and the global LNG demand is expected to grow to 435 Million Metric Tons by 2030.
India and China are emerging as the potential LNG markets and both are anticipated to drive the future LNG demand in the Asia-Pacific region. Total LNG imports by China are expected to reach 15 Billion Cubic Meter by 2030, reflecting the country's importance in the international LNG market for its import contribution.
Our research report also covers detailed industry overview and future outlook for major LNG trading regions - Asia-Pacific (Japan, South Korea, China, India, Australia, Indonesia & Malaysia), Middle East (Qatar, Oman & UAE), Americas (US & Trinidad & Tobago), Africa (Algeria, Nigeria & Egypt) and Europe ( Spain & France) after adjusting the impact of global financial crisis on growth. The future outlook is based on past growth trends, current industry trends and regulatory developments besides base drivers, opportunities and challenges faced by the LNG industry.
"Global LNG Market Analysis" is a comprehensive research report that comprises quality information and in-depth analysis of the global LNG industry. It studies every aspect of the market ranging from demand and supply to capital investment and pricing to update clients with current market trends, recent developments and their impact on the sector. The report analyzes the leading-edge opportunities, key players and all other factors which are critical for the success of a new entrant in the LNG market.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM216.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
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