Floating Storage and Regasification Unit (FSRU) Market Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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Floating Storage and Regasification Unit (FSRU) Market Floating Storage and Regasification Unit (FSRU) Market – 2018 : Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
The global Floating Storage and Regasification Unit (FSRU) market is expected to grow at a high rate and the main reason is the boom in the LNG (Liquified Natural Gas) market. This acts as a catalyst for the economic growth in various countries worldwide, as it is environment-friendly and viable to be adopted in a shorter period of time to reduce the carbon emissions. Recent discoveries in offshore regions have been made, which focu s on fulfilment of the demand for various sectors, such as transportation, power generation as a feedstock for petrochemical manufacturers, and other end-users. FSRU market helps get natural gas on time and makes it readily available to local markets. Diversification in the market is prominent, fulfilling the demands for LNG and natural gas, globally. FSRU business is growing exponentially to meet the demand for green fuel.
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Floating Storage and Regasification Unit (FSRU) Market Market Segmentation
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Floating Storage and Regasification Unit (FSRU) Market Key Players: •
Excelerate Energy (U.S)
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Hoegh LNG (Bermuda)
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Golar LNG (Bermuda)
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BW gas (Norway)
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Gazprom FLEX LNG (U.K)
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Exmar (Belgium)
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Maran Gas Maritime Inc. (Greece)
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Offshore LNG Toscana SpA (Italy)
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Mitsui O.S.K. Lines (Japan)
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Bumi Armada (Malaysia)
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Teekay Lng Partners, L.P. (Bermuda) .
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Floating Storage and Regasification Unit (FSRU) Market Floating Storage and Regasification Unit (FSRU) Market Analysis
In 2016, Asia Pacific contributed approx. 160 MTPA to the global market. Thus, it can be predicted that it will have further growth during the forecast period. This growth was for the easy availability, accessibility, and flexibility from the supply side of LNG because of FRSUs. The Middle East has the maximum number of FSRU across the world and possess reserves that can fulfill the demand for LNG across the world.
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