미국의 LNG 시장 규모는 2023년 29억 1,000만 달러에서 예측 기간 동안 CAGR 5.70%로 2031년 45억 4,000만 달러 규모로 성장할 것으로 예상됩니다.
세계 최대 천연가스 생산국 중 하나인 미국은 에너지 인프라를 강화하기 위한 연료로 액화천연가스(LNG)를 선호하고 있으며, LNG는 천연가스를 장거리 운송할 수 있어 파이프라인이 비용 효율적이지 않은 경우 중요한 해결책이 될 수 있습니다. 파이프라인으로는 도달할 수 없는 해외 시장에 대한 접근을 가능하게 하여 미국의 수출 기회를 증가시키고, 세계 에너지 부문에서 미국의 중요한 역할을 강화하고 있습니다. 미국 에너지 정보국(Energy Information Administration)에 따르면, 2024년 6월 미국의 LNG 수출량은 3,564억 2,300만 입방피트이며, 시간이 지남에 따라 크게 증가할 것으로 예상됩니다.
신규 LNG 프로젝트 실행으로 시장 성장률 상승을 견인
미국 내 신규 LNG 프로젝트의 중요성은 청정에너지원에 대한 전 세계 수요를 급증시키고 있습니다. 이러한 프로젝트는 생산능력을 늘리는 데 필수적이며, LNG 인프라의 확장은 미국이 에너지 분야에서 경쟁력을 유지하고 국제적인 수요를 충족시킬 수 있는 안정적인 공급을 보장하는 데 필수적입니다.
미국의 재가스화 설비로 시장 성장 가속화
미국에서는 늘어나는 천연가스 수요를 충족시키기 위해 더 많은 LNG 재가스화 플랜트가 필요합니다. 또한 LNG는 다른 화석 연료보다 깨끗하고 석탄보다 이산화탄소 배출량이 40% 적기 때문에 미국에서는 LNG가 선택되고 있습니다.
LNG 벙커링 연료에 대한 지속적인 수요 증가가 시장 수요를 촉진
국제해사기구(IMO)가 황 배출을 최소화하기 위해 엄격한 환경 규제를 시행하고 있는 가운데, 선사들은 황산화물과 미립자 물질을 거의 배출하지 않고 독성이 낮은 LNG를 빠르게 채택하고 있습니다.
미국의 LNG 시장을 조사했으며, 시장 정의와 개요, 시장 규모 추정과 예측, 시장 규모 추정과 예측, 각종 부문별·지역별 상세 분석, 산업 구조, 시장 성장에 영향을 미치는 요인 분석, 사례 연구, 경쟁 상황, 주요 기업 프로파일 등의 정보를 정리하여 전해드립니다.
United States LNG market is expected to witness 5.70% CAGR during the forecast period 2024-2031, growing from USD 2.91 billion in 2023 to USD 4.54 billion in 2031. The United States, one of the largest producers of natural gas worldwide, prefers liquid natural gas (LNG) as a fuel to boost its energy infrastructure. LNG makes it possible to move natural gas across long distances, offering a key answer when pipelines aren't cost-effective. The export capability allows LNG to access overseas markets that traditional pipelines cannot reach, thereby increasing export opportunities for the United States and reinforcing its role as a significant player in the global energy sector. As per the U.S. Energy Information Administration, LNG exports from the United States in June 2024 were 356,423 million cubic feet and are expected to increase significantly with time.
Execution of New LNG Projects is Boosting the Market Growth Rate
The significance of new LNG projects in the United States is surging the global demand for cleaner energy sources. These projects are essential to increase capacity, which is projected to rise abruptly by 2028. The expansion of LNG infrastructure is vital for maintaining the country's competitive edge in the energy sector, ensuring a stable supply to meet international needs.
For instance, in December 2023, the United States government announced an increase in its LNG production as three new projects are on the way to completion. The Plaquemines LNG project is scheduled to start operations in mid-2024, followed by a gradual ramp-up until 2025. Other projects, such as the Corpus Christi LNG Stage 3 extension and Golden Pass LNG, are projected to begin supplies in mid-2025. The project will increase the United States LNG export capacity by 2027, spurred by rising worldwide demand and the need to cover energy supply shortages, notably in Europe.
The United States Regasification Facilities are Expediting the Market Growth
The United States requires more LNG regasification plants to fulfill the expanding demand for natural gas. Furthermore, LNG is chosen in the United States since it is cleaner than other fossil fuels, emitting 40% less carbon dioxide than coal.
For instance, in April 2024, Venture Global LNG planned to commence LNG regasification plant production in Louisiana by mid-2024, signifying an essential milestone in the United States LNG landscape. The plants, with a capacity of 20 million tons per annum, will be the United States' eighth LNG export terminal. The United States is anticipated to increase LNG capacity substantially by the end of 2030, spurred by rising worldwide demand, especially from Asia-Pacific and Europe, which are looking for alternatives to the Russian gas supply.
A Continuous Rise in Need for LNG Bunker Fuels is Propelling Market Demand
The increasing need for LNG as a bunker fuel propels the LNG market forward. With the International Maritime Organization (IMO) imposing rigorous environmental rules to minimize sulfur emissions, shipping firms rapidly embrace LNG due to less toxicity, which emits practically no sulfur oxides or particulate matter.
For instance, the United States government established three new contracts in January 2024 for a more efficient LNG tanker with an overall capacity of 174,000 meters cube. The new vessels have modern engine technology, and the LNG bunker fuel is handled at a reduced boil-off rate, helping to cut the overall carbon gas emissions.
Government Initiatives Acting as a Catalyst
Government actions are essential for expanding the LNG market in the United States, owing to rising natural gas supply and demand restrictions. As the usage of LNG is expected to increase dramatically, setting up adequate infrastructure is crucial.
Regulatory support encourages private investment in LNG plants, whilst public policies assure safety, environmental protection, and community participation. These actions jointly close the gap between local production and demand, allowing for a stable and dependable LNG market.
Southwest to Dominate the United States Market Share
Southwest in the United States, especially Texas, is expected to dominate the market share of the LNG market. The region has become a center for LNG production and exports due to rich natural gas resources, along with improved infrastructure and strategic coastal access. Texas has several major LNG export terminals, which greatly increase the country's LNG export capacity as the world's largest LNG exporter.
As the state transforms into an LNG exporter, Texas' role becomes crucial to meet growing demand from international markets. The region's established energy ecosystem, including pipelines and processing plants, has supported efficient LNG production and distribution. In addition, continued investment in new LNG projects and infrastructure improvements further strengthens the United States' position as a critical player in the global LNG market.
Future Market Scenario (2024 - 2031F)
Government policy and infrastructure development are crucial for satisfying LNG demand while maintaining market stability. The United States government is expected to be successful in developing new LNG infrastructure facilities over the forecast years, which in turn will provide ample opportunities for market prosperity.
The emerging Asian economies will increase demand, need more supply, and rise in the export potential of LNG in Asia-Pacific, which is anticipated to boost market demand.
Increased trading and hedging in LNG contracts indicate a rising integration of the United States natural gas market, which in turn is expected to cater to opportunities for market growth in the forecast period.
Key Players Landscape and Outlook
Market participants in the United States focus on the growth and expansion of LNG infrastructure, which is an extremely competitive sector as prices are regulated based on long-term contract or on a spot basis. Furthermore, market participants have a great desire to achieve a competitive advantage in the sector. Hence, they are spending heavily on the development of LNG facilities using a variety of collaborative strategies to meet its electricity demand through natural gas.
For instance, the International Energy Agency (IEA) announced that for the first time, on August 28, 2023, natural gas met more than half of the United States' electrical consumption. In last two years, its share of the power mix has increased from 40 to 45 percent in July and August in 2023.
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Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.