Small Scale LNG Market to Grow at 2.5% to 2022

Small Scale LNG Market to Grow at 2.5% to 2022

The Global Small Scale LNG Market is expected to grow over the CAGR of around 2.5% during the period 2014 to 2022, says a report by Market Research Future.

The growth of the Small Scale LNG Market is majorly driven by increased demand for energy in the Asia-Pacific region. The government initiatives that focus on providing cleaner fuel, is driving the market, especially in countries such as India and China.
The market is further driven by the growing adoption of LNG for heavy duty transportation purposes in the Europe and North American regions. However, the growth of this market can be restrained by the extensive investment required to construct LNG storage plants and fluctuation in global gas market prices.  Read More…
Credit By: Marine Link

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