LIQUEFIED NATURAL GAS MARKET ANALYSIS

Regional Analysis

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North America has been the dominant region in the global Liquefied Natural Gas (LNG) market with 44.1% and is expected to retain its position over the coming years. With vast natural gas reserves and an advanced LNG infrastructure, the U.S. spearheads the North American LNG industry. Major refineries along the Gulf Coast along with strategic deep-water ports provide the region direct access to both the domestic and international markets. This has enabled the North American region to establish its strong foothold by facilitating sizeable LNG imports as well as exports over the years.  Besides established demand, the presence of top LNG players has also been a major factor supporting regional dominance. Multiple long-term supply deals between major American producers and Asian consumers demonstrate the strong industry presence. Furthermore, the emerging shale gas revolution has enhanced regional competitiveness. Abundant unconventional reserves have not only strengthened the regional energy security but also unlocked vast opportunities for exports. As global demand grows, North America is well-positioned to leverage both infrastructure and resources to solidify its leadership position in the global LNG space.

The Asia Pacific region has emerged as the fastest growing market globally. Several factors have contributed to the region's rise. Over the last decade, Asian countries have increased their natural gas consumption considerably, driven by strong economic growth and environmental regulations encouraging the fuel switch from coal to natural gas. Major LNG importers like China, Japan, and South Korea have been the key drivers while emerging markets like India are also contributing to the demand uptick.