The Asia Pacific Liquefied Natural Gas market size was valued at US$ 156.2 billion in 2024 and is projected to reach US$ 228.7 billion by 2030, at a CAGR of 6.5% during the forecast period 2024-2030.
Liquefied Natural Gas (LNG) is natural gas that has been cooled to a liquid state for ease of storage and transport, used as a cleaner alternative to coal and oil in power generation, industrial processes, and residential applications.
The Asia Pacific LNG market is experiencing robust growth, driven by increasing energy demand and a shift towards cleaner fuel sources. China accounts for 35% of the market, followed by Japan at 25% and South Korea at 20%. In 2023, power generation consumed 45% of total LNG imports, with industrial use at 30% and residential/commercial at 20%. The market saw a 10% increase in demand due to coal-to-gas switching policies in major economies. Key players include China National Offshore Oil Corporation (CNOOC) and JERA Co., Inc. (Japan), collectively holding a 30% market share in the region.
The industry is investing heavily in import infrastructure, with a 15% increase in regasification capacity additions in 2023. Challenges include price volatility and competition from renewable energy sources, leading to a 8% focus on long-term contract renegotiations. The trend towards small-scale LNG has driven a 20% growth in distributed LNG applications for remote power and transportation. The market is benefiting from the expansion of LNG bunkering for maritime transport, with a 25% increase in LNG-fueled vessels orders in the region.
Report Includes
This report is an essential reference for who looks for detailed information on Asia Pacific Liquefied Natural Gas . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Liquefied Natural Gas , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Asia Pacific Liquefied Natural Gas , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Liquefied Natural Gas . This report contains market size and forecasts of Liquefied Natural Gas in Asia Pacific, including the following market information:
We surveyed the Liquefied Natural Gas manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
1.1 Product Overview and Scope of Liquefied Natural Gas
1.2.1 Asia Pacific Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 High-calorific
1.2.3 Low-calorific
1.3.1 Asia Pacific Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Transportation Fuel
1.3.3 Power Generation
1.3.4 Mining & Industrial
1.4 Asia Pacific Market Growth Prospects
1.4.1 Asia Pacific Revenue Estimates and Forecasts (2019-2030)
1.4.2 Asia Pacific Production Estimates and Forecasts (2019-2030)
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
3.1 Asia Pacific Production by Manufacturers (2019-2023)
3.2 Asia Pacific Revenue Market Share by Manufacturers (2019-2023)
3.3 Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Asia Pacific Average Price by Manufacturers (2019-2023)
3.5 Manufacturers Production Sites, Area Served, Product Type
3.6 Market Competitive Situation and Trends
3.6.1 Market Concentration Rate
3.6.2 Asia Pacific 5 and 10 Largest Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4.1 Asia Pacific Production
4.1.1 Asia Pacific Production YoY Growth Rate (2019-2023)
4.1.2 Asia Pacific Production, Revenue, Price and Gross Margin (2019-2024)
5.1 Asia Pacific
5.1.1 Asia Pacific Consumption by Country
5.1.2 Asia Pacific Sales, Consumption, Export, Import (2019-2023)
5.1.1 China
5.2.2 India
5.3.3 Japan
5.4.4 South Korea
5.5.5 Australia
5.6.6 Thailand
5.7.7 Indonesia
6.1 Asia Pacific Production Market Share by Type (2019-2024)
6.2 Asia Pacific Revenue Market Share by Type (2019-2024)
6.3 Asia Pacific Price by Type (2019-2024)
7.1 Asia Pacific Production Market Share by Application (2019-2024)
7.2 Asia Pacific Revenue Market Share by Application (2019-2024)
7.3 Asia Pacific Price by Application (2019-2024)
8.1 PetroChina Company Limited
8.1.1 PetroChina Company Limited Corporation Information
8.1.2 PetroChina Company Limited Product Portfolio
8.1.3 PetroChina Company Limited Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.1.4 PetroChina Company Limited Main Business and Markets Served
8.1.5 PetroChina Company Limited Recent Developments/Updates
8.2 China National Offshore Oil Corporation (CNOOC)
8.2.1 China National Offshore Oil Corporation (CNOOC) Corporation Information
8.2.2 China National Offshore Oil Corporation (CNOOC) Product Portfolio
8.2.3 China National Offshore Oil Corporation (CNOOC) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.2.4 China National Offshore Oil Corporation (CNOOC) Main Business and Markets Served
8.2.5 China National Offshore Oil Corporation (CNOOC) Recent Developments/Updates
8.3 Petronas (Petroliam Nasional Berhad)
8.3.1 Petronas (Petroliam Nasional Berhad) Corporation Information
8.3.2 Petronas (Petroliam Nasional Berhad) Product Portfolio
8.3.3 Petronas (Petroliam Nasional Berhad) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.3.4 Petronas (Petroliam Nasional Berhad) Main Business and Markets Served
8.3.5 Petronas (Petroliam Nasional Berhad) Recent Developments/Updates
8.4 GAIL (India) Limited
8.4.1 GAIL (India) Limited Corporation Information
8.4.2 GAIL (India) Limited Product Portfolio
8.4.3 GAIL (India) Limited Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.4.4 GAIL (India) Limited Main Business and Markets Served
8.4.5 GAIL (India) Limited Recent Developments/Updates
8.5 PT Pertamina
8.5.1 PT Pertamina Corporation Information
8.5.2 PT Pertamina Product Portfolio
8.5.3 PT Pertamina Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.5.4 PT Pertamina Main Business and Markets Served
8.5.5 PT Pertamina Recent Developments/Updates
8.6 Santos Ltd
8.6.1 Santos Ltd Corporation Information
8.6.2 Santos Ltd Product Portfolio
8.6.3 Santos Ltd Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.6.4 Santos Ltd Main Business and Markets Served
8.6.5 Santos Ltd Recent Developments/Updates
8.7 Oil & Natural Gas Corporation Limited (ONGC)
8.7.1 Oil & Natural Gas Corporation Limited (ONGC) Corporation Information
8.7.2 Oil & Natural Gas Corporation Limited (ONGC) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.7.3 Oil & Natural Gas Corporation Limited (ONGC) Main Business and Markets Served
8.7.4 Oil & Natural Gas Corporation Limited (ONGC) Recent Developments/Updates
8.8 Korea Gas Corporation (KOGAS)
8.8.1 Korea Gas Corporation (KOGAS) Corporation Information
8.8.2 Korea Gas Corporation (KOGAS) Product Portfolio
8.8.3 Korea Gas Corporation (KOGAS) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.8.4 Korea Gas Corporation (KOGAS) Main Business and Markets Served
8.8.5 Korea Gas Corporation (KOGAS) Recent Developments/Updates
8.9 Tokyo Gas Co., Ltd.
8.9.1 Tokyo Gas Co., Ltd. Corporation Information
8.9.2 Tokyo Gas Co., Ltd. Product Portfolio
8.9.3 Tokyo Gas Co., Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.9.4 Tokyo Gas Co., Ltd. Main Business and Markets Served
8.9.5 Tokyo Gas Co., Ltd. Recent Developments/Updates
8.10 Woodside Petroleum
8.10.1 Woodside Petroleum Corporation Information
8.10.2 Woodside Petroleum Product Portfolio
8.10.3 Woodside Petroleum Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.10.4 Woodside Petroleum Main Business and Markets Served
8.10.5 Woodside Petroleum Recent Developments/Updates
9.1 Key Raw Materials Analysis
9.1.1 Key Raw Materials
9.1.2 Key Suppliers of Raw Materials
9.2 Proportion of Manufacturing Cost Structure
9.3 Manufacturing Process Analysis of Liquefied Natural Gas
9.4 Industrial Chain Analysis
10.1 Marketing Channel
10.2 Distributors List
10.3 Customers
11.1 Industry Trends
11.2 Market Drivers
11.3 Market Challenges
11.4 Market Restraints
12.1 Asia Pacific Production, Revenue Forecast (2024-2030)
13.1 Asia Pacific Forecasted Consumption of by Country
14.1 Asia Pacific Production, Revenue and Price Forecast by Type (2024-2030)
14.1.1 Asia Pacific Forecasted Production of by Type (2024-2030)
14.1.2 Asia Pacific Forecasted Revenue of by Type (2024-2030)
14.1.3 Asia Pacific Forecasted Price of by Type (2024-2030)
14.2 Asia Pacific Production, Revenue and Price Forecast by Application (2024-2030)
14.2.1 Asia Pacific Forecasted Production of by Application (2024-2030)
14.2.2 Asia Pacific Forecasted Revenue of by Application (2024-2030)
14.2.3 Asia Pacific Forecasted Price of by Application (2024-2030)
16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
16.3 Author List
16.4 Disclaimer
17.1 Note
17.2 Examples of Clients
Frequently Asked Questions ?