Planned LNG Market Size and Share Analysis - Growth Trends and Forecasts (2025-2032)

Market Size and Trends

The Planned LNG Market is estimated to be valued at USD 48.6 billion in 2024 and is expected to reach USD 72.4 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031. This growth reflects robust demand driven by increasing global energy consumption and a shift towards cleaner fuel alternatives, positioning LNG as a key component in the energy transition and infrastructure development over the forecast period.

The market trend is characterized by accelerated investments in LNG infrastructure, including liquefaction plants and regasification terminals, to meet rising demand in emerging economies. Additionally, technological advancements in LNG storage and transportation are enhancing efficiency and safety, while strategic partnerships among industry players are fostering expansion into new geographic regions. Environmental regulations and the global push for decarbonization are further propelling LNG adoption as a sustainable energy source, reinforcing long-term market growth prospects.

Segmental Analysis:

By Facility Type: Dominance of Onshore LNG Terminals Driven by Infrastructure Stability and Scale

In terms of By Facility Type, Onshore LNG Terminals contribute the highest share of the Planned LNG Market owing to their well-established infrastructure, operational reliability, and capacity to handle large volumes of liquefied natural gas. Onshore LNG terminals benefit from mature technological processes and extensive logistical networks, making them a preferred choice for large-scale LNG handling and distribution projects. The accessibility of these facilities to major pipeline systems and port infrastructures facilitates streamlined supply chains, enabling efficient import, export, and storage operations. Furthermore, onshore terminals provide a stable platform for long-term investments backed by regulatory frameworks that often favor fixed infrastructure over marine-based alternatives. Their ability to incorporate advanced safety measures and compliance with environmental standards reinforces their attractiveness among stakeholders looking for robust, scalable solutions. As nations and corporations prioritize energy security and market stability, onshore LNG terminals continue to dominate due to their proven ability to provide consistent, high-volume LNG throughput.

By Capacity Range: Small-Scale LNG (<1 MTPA) Leads on Flexibility and Market Accessibility

In terms of By Capacity Range, the <1 Million Tonnes Per Annum (MTPA) segment accounts for the largest share within the Planned LNG Market, driven primarily by the increasing demand for flexible, small-scale liquefaction and regasification facilities. This segment's growth is propelled by the need to serve niche markets, remote locations, and emerging economies that require tailored LNG solutions without the massive capital expenditure associated with larger capacity plants. Small-scale LNG projects facilitate quicker project execution timelines and lower upfront investment risks, making them attractive for new entrants and regions with limited infrastructure development. Additionally, the versatility of small-scale LNG enables its use in diverse applications such as local power generation, industrial usage, and fueling transportation, supporting decentralized energy systems. This adaptability aligns with global energy transition goals by enabling cleaner fuel options in areas lacking access to traditional natural gas networks. Thus, small-capacity LNG terminals unlock market opportunities that would otherwise be uneconomical or logistically challenging, fostering broader LNG adoption across varied geographies.

By End Use: Power Generation Commands Market Share Fueled by Environmental and Reliability Requirements

In terms of By End Use, Power Generation dominates the Planned LNG Market, reflecting the critical role LNG plays in meeting increasing electricity demand while adhering to stricter environmental regulations. LNG is favored as a transition fuel for power plants due to its lower carbon emissions compared to coal and oil, supporting efforts to reduce greenhouse gas footprints and comply with international climate commitments. The reliability and flexibility of LNG-fired power generation make it ideal for balancing intermittent renewable energy sources such as wind and solar, thereby stabilizing national grids and ensuring continuous power supply. Additionally, LNG-fired plants offer the ability to ramp up quickly in response to peak demand, enhancing grid resilience. Many developing countries and regions with limited grid infrastructure view LNG as a reliable alternative to traditional fuels, accelerating its adoption in power generation. As governments and utilities prioritize cleaner energy solutions to address both supply security and environmental sustainability, power generation's reliance on LNG facilities is driving significant investment and expansion within this end-use segment.

Regional Insights:

Dominating Region: Asia Pacific

In Asia Pacific, the dominance in the Planned LNG Market is driven by a combination of increasing energy demand, rapid industrialization, and strong government initiatives aimed at diversifying energy sources and reducing carbon emissions. The region's market ecosystem benefits from robust infrastructure investments, including the expansion of LNG import terminals and regasification facilities. Countries like Japan, South Korea, and China have well-established LNG supply chains supported by a mature network of shipping and storage capabilities. Government policies promoting cleaner fuels and commitments to climate goals further bolster LNG adoption. Industry heavyweights such as JERA (Japan), Korea Gas Corporation (South Korea), and China National Petroleum Corporation (CNPC) are key players, actively engaging in long-term contracts and infrastructure development, reinforcing the region's leading position.

Fastest-Growing Region: Middle East and Africa

Meanwhile, the Middle East and Africa exhibits the fastest growth in the Planned LNG Market due to abundant natural gas reserves, expanding export infrastructure, and burgeoning domestic demand for cleaner energy alternatives. Strategic government initiatives aimed at LNG export capacity expansion, particularly in countries like Qatar and Egypt, are catalyzing market growth. The region's trade dynamics are shaped by strong linkages between producers and key Asian and European markets, facilitated by new liquefaction and pipeline projects. Notable companies such as Qatar Petroleum, Sonatrach (Algeria), and Sasol (South Africa) are instrumental in accelerating LNG production and export capabilities. Additionally, partnerships between local governments and international firms are increasing investments in LNG infrastructure, supporting the region's rapid market expansion.

Planned LNG Market Outlook for Key Countries

Japan

Japan's market remains a global LNG powerhouse, with significant emphasis on energy security and diversification away from nuclear power. The country's extensive LNG import infrastructure is continuously upgraded by players like JERA and Tokyo Gas, ensuring steady supply amidst fluctuating global prices. Active participation in regional trade agreements and long-term supply contracts with key producers underpins Japan's strategic market position.

South Korea

South Korea continues to lead in utilizing LNG for power generation and industrial uses. With government support focused on expanding LNG regasification capacity and innovating in LNG-powered transportation, companies like Korea Gas Corporation and SK E&S drive investment in downstream infrastructure. The rapid adoption of LNG as a cleaner fuel aligns with national environmental targets.

China

China's LNG market growth is fueled by its escalating industrial demand and urbanization. The government's clear policy direction towards reducing coal dependence has accelerated LNG infrastructure development, with dominant players like CNPC, Sinopec, and CNOOC expanding import terminals and storage projects. China's evolving regulatory landscape encourages private sector participation and international collaboration.

Qatar

Qatar stands as a critical player due to its vast natural gas reserves and comprehensive LNG production facilities. Qatar Petroleum's continued plans to enhance liquefaction capacity and improve export logistics underpin the country's strategic importance in the global LNG supply chain. Government-backed initiatives facilitate strong trade relations, especially with Asia-Pacific markets.

Egypt

Egypt's LNG market is emerging rapidly, supported by government-led reforms and investments to revitalize the country's gas sector. Companies such as Egyptian Natural Gas Holding Company (EGAS) and Dolphinus Holdings drive new LNG export projects and domestic demand growth. Improvements in regulatory frameworks and infrastructure positioning Egypt as a key regional LNG hub.

Market Report Scope

Market Segmentation

Facility Type Insights (Revenue, USD, 2020 - 2032)

• Onshore LNG Terminals
• Floating LNG (FLNG) Facilities
• Import Terminals
• Export Terminals
• Others

Capacity Range Insights (Revenue, USD, 2020 - 2032)

• <1 MTPA
• 1-5 MTPA
• 5-10 MTPA
• 10 MTPA
• Others

End Use Insights (Revenue, USD, 2020 - 2032)

• Power Generation
• Transportation Fuel
• Industrial Use
• Residential & Commercial
• Others

Regional Insights (Revenue, USD, 2020 - 2032)

• North America
• U.S.
• Canada
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Europe
• Germany
• U.K.
• Spain
• France
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East
• GCC Countries
• Israel
• Rest of Middle East
• Africa
• South Africa
• North Africa
• Central Africa

Key Players Insights

• QatarEnergy
• Shell Plc
• TotalEnergies
• ExxonMobil
• Chevron Corporation
• Woodside Petroleum
• Petronas
• Equinor ASA
• Cheniere Energy
• Novatek
• ConocoPhillips
• Gazprom
• Santos Ltd
• JERA Co., Inc.
• ENL (Energy Nigeria Limited)
• BP Plc
• Mitsui & Co., Ltd.
• INPEX Corporation