Indian LNG imports are anticipated to grow at a CAGR of over 3% during 2010 – 2020, says a new research report from RNCOS.According to our research report Global LNG Market Analysis, the global market for LNG has been growing at a fast pace for the past few years. Despite the economic slowdown of 2009, the market did not seem to have been much affected as the countries globally understood the importance of using LNG. Major developments have taken place in LNG trade, production, and consumption along with market activities. Factors, such as huge investments, burgeoning demand, and environmental concerns have contributed to the fast growth of the industry.
As per our research, India is one of the major LNG importing countries in the Asia-Pacific region. Majority of LNG supply to India usually comes from the Middle East. The requirement of clean fuel, decreasing oil dependency, and diversification of energy mix has led to the transformation of coal-powered thermal plants in into natural gas in India. Consequently, we anticipate that India LNG imports will reach around 20 Billion Cubic Meters by 2020, growing at a CAGR of over 3% since 2010.
Further, our report reveals that, in terms of consumption level, countries in the Asia-Pacific region are driving the overall LNG industry. The burgeoning demand for LNG in countries such as, Japan, South Korea, China, and India is expected to result in the construction of more LNG receiving terminals during the next decade. Though Middle Eastern countries have been supplying large amount of LNG to the world, countries, such as Australia, Malaysia, and Indonesia have also significantly strengthened their role as LNG producers.
Our report Global LNG Market Analysis, is a complete analysis and overview of the global LNG market as well as key countries. The report covers all the regions of the world, such as Americas, Africa, Europe, and the Asia-Pacific. Moreover, statistics and current developments for all the regions have been provided. These developments are related to trade activities, production/consumption, terminals, and plants among others. The report also covers the description of terminals and plants that are scheduled to come in future and their respective details. Most importantly, the report evaluates future outlook of the industry and provides valuable information regarding the LNG market based on different market indicators.
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