US LNG Infrastructure Market Analysis 2022-2026: Bechtel Corp., Cheniere Energy Inc., and Chevron Corp. are Among the Major Vendors

The LNG infrastructure market share in the US is expected to grow by  USD 1.12 billion, accelerating at a CAGR of 6.26% during the forecast period. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in this intensely competitive market, players must distinguish their product and service offerings through a clear and unique value proposition. 

Bechtel Corp., Cheniere Energy Inc., Chevron Corp., Chiyoda Corp., Exxon Mobil Corp., Fluor Corp., McDermott International Inc., NextDecade Corp., Sempra Energy, and TotalEnergies SE are some of the major LNG infrastructure market vendors in the US.

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LNG Infrastructure Market in the US: Market Segments and Key Trends

The LNG infrastructure market in the US is segmented by End-user (Power generation, Transportation fuel, and Others) and Type (Liquefaction terminal and Regasification terminal). Growth by the power generation segment will be significant during the forecast period. Natural gas, including LNG, is expected to play a vital role in decarbonization and lowering the impact of emissions in the power generation sector

The impact of the ongoing trade war between the US and China is one of the challenges that will need to be overcome to drive growth. The research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.

LNG Infrastructure Market in the US: Top Drivers to Boost Demand

An increase in LNG production is one of the primary factors driving the growth of the LNG infrastructure market in the US. The increase in the supply of coalbed methane, shale gas, and tight gas has made natural gas one of the fastest-growing fossil fuels in the US. According to the IEA, by 2022, the US will produce 890bcm or 22% of global natural gas production. The growing demand for LNG bunkering is another factor supporting the LNG infrastructure market growth in the US.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 6.26%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 1.12 billion.
    
3. What is a key factor driving this market?
   An increase in LNG production will drive market growth over the forecast period.
    
4. Who are the leading market vendors?
   The leading vendors in this market are Bechtel Corp., Cheniere Energy Inc., Chevron Corp., Chiyoda Corp., Exxon Mobil Corp., Fluor Corp., McDermott International Inc., NextDecade Corp., Sempra Energy, and TotalEnergies SE.
    
5. What are the market segments covered in this report?
   The market is segmented by End-user (Power generation, Transportation fuel, and Others) and Type (Liquefaction terminal and Regasification terminal).