Lng Carriers Market 2024-2028: Size and Fluctuation in oil gas prices; growth driven by the Type, Some of key Companies Positioned Strategically

The lng carriers market size by Type (Membrane and Moss) and Geography (North America, Middle East and Africa, Europe, APAC, and South America), is forecast to increase by USD 3600 billion. The market is expected to grow at a CAGR of   4.62% between 2024 and 2028.

• The oil and gas industry experienced a significant downturn due to the decreasing prices of crude oil between Q2 2016 and 2017. The International Energy Agency (IEA) reports that the average crude oil import price dropped from USD96.23/bbl in 2014 to USD51.4/bbl in 2017. This price decrease, attributed to the surplus supply of crude oil caused by decreased demand and increased production, negatively impacted profit margins for companies in the upstream oil and gas sector. Consequently, the industry witnessed a lack of substantial investments, resulting in the loss of potential market opportunities. Several oil and gas projects were either halted or canceled as a result.
• The LNG carrier market is experiencing significant growth due to increasing demand for cleaner energy sources. Key players in this industry include Mitsui O.S.K. Lines, China National Offshore Oil Corporation, and Total S.A. These companies are investing heavily in newbuildings and expanding their fleets to meet rising demand. The market is expected to continue its upward trajectory, driven by expanding LNG production and increasing global adoption of natural gas as a primary energy source.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• BW Group
• Dynagas Ltd.
• Flex LNG Ltd.
• GasLog Ltd.
• Gaztransport and Technigaz SA
• Golar LNG Ltd.
• Hanwha Corp.
• Japan Marine United Corp.
• K Shipbuilding
• Kawasaki Heavy Industries Ltd.
• Maran Gas Maritime Inc.
• Mitsubishi Heavy Industries Ltd.
• Mitsui and Co. Ltd.
• Nakilat
• PETRONAS Chemicals Group Berhad
• Samsung Heavy Industries Co. Ltd.
• Shell plc
• Teekay LNG Partners L.P
• Wartsila Corp.

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