The LNG virtual pipeline market size has grown strongly in recent years. It will grow from $1.29 billion in 2023 to $1.38 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth during the historic period can be attributed to several factors such as increasing demand for cleaner energy alternatives, rising investments in LNG infrastructure, supportive government policies, a growing need for energy access in remote areas, fluctuations in global oil prices, and a drive for energy diversification and security.
The LNG virtual pipeline market size is expected to see strong growth in the next few years. It will grow to $1.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth during the forecast period can be attributed to several factors, rising global demand for natural gas, increasing supportive government regulations, growing investments in LNG infrastructure, improved economic viability in remote areas, heightened environmental awareness, and expanding off-grid energy needs. Major trends expected to influence the market include technological advancements in transportation, progress in cryogenic storage technology, the adoption of IoT for real-time monitoring, the use of modular liquefaction units, the development of hybrid renewable energy-LNG systems, and the integration of blockchain technology for secure transactions.
The rising demand for clean energy sources is expected to drive growth in the liquefied natural gas (LNG) virtual pipeline market. Clean energy sources include renewable and sustainable technologies with minimal environmental impact, such as solar, wind, hydroelectric, and geothermal power. The increasing interest in these sources is fueled by environmental concerns and the need to reduce reliance on fossil fuels due to their renewable nature and minimal ecological footprint. LNG virtual pipelines improve access to clean energy by transporting liquefied natural gas to regions without pipeline infrastructure, thereby lowering emissions and supporting cleaner energy alternatives. For instance, in February 2023, the Energy Information Administration (EIA), a US-based government agency, reported that by the end of 2022, the U.S. electric power sector had installed 73 gigawatts (GW) of solar photovoltaic (PV) capacity, with plans to increase this capacity by 43% (32 GW) in 2023. Additionally, wind and solar power together accounted for 14% of U.S. electricity generation in 2022, with projections indicating this share would rise to 16% in 2023 and 18% in 2024. This growing demand for clean energy sources will drive the LNG virtual pipeline market.
Leading companies in the LNG virtual pipeline market are advancing natural gas compression stations with innovative features to improve the efficiency and reliability of LNG transportation and distribution. Virtual pipelines enhance the performance, flexibility, and cost-effectiveness of natural gas compression stations, thereby strengthening the natural gas supply chain. For example, in August 2022, Sun Bridge Energy Services, a US-based oil and gas company, launched a new natural gas compression station in the Permian Basin. This station, with a capacity of 50 million cubic feet per day, supports oil and gas producers across the country in adopting dual-fuel engines for various operations, reducing emissions through cleaner fuel alternatives such as compressed natural gas. The station uses advanced composite tube technology known for its safety and reliability and is utilized by industry leaders such as SpaceX and Shell. Sun Bridge Energy Services’ new compression station is a key component in developing a virtual pipeline for clean fuels in the Permian Basin, aiding the shift to more environmentally friendly energy sources for regional operators.
In January 2024, Nebula Energy LLC, a US-based oil and gas company, acquired a majority stake in AG&P LNG for $300 million. This acquisition is intended to bolster Nebula Energy’s position in the LNG sector. The investment is expected to enhance AG&P LNG’s capabilities in building downstream LNG infrastructure, addressing the growing energy needs in Asia, where LNG is increasingly seen as a crucial fuel for reducing carbon emissions. AG&P Terminals & Logistics Pte Ltd, based in the UAE, is a company specializing in virtual pipelines for the oil and gas industry.
Major companies operating in the liquefied natural gas (LNG) virtual pipeline market are ExxonMobil Corporation, TotalEnergies SE, General Electric Company, Honeywell International Inc., Cheniere Energy Inc., Linde plc, Siemens Energy AG, Air Liquide S.A., Mitsubishi Heavy Industries Ltd., Baker Hughes, McDermott International Ltd., Sempra Energy, Dominion Energy Inc., Fluor Corporation, Air Products and Chemicals Inc., IHI Corporation, Technip Energies NV, TechnipFMC plc, Wärtsilä Corporation, JGC Holdings Corporation, Black & Veatch Corp, MAN Energy Solutions, Gaztransport & Technigaz SA, Chart Industries Inc., GreenLine Mobility Solutions Limited.
North America was the largest region in the LNG virtual pipeline market in 2023. The regions covered in the liquefied natural gas (LNG) virtual pipeline market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the liquefied natural gas (LNG) virtual pipeline market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A liquefied natural gas (LNG) virtual pipeline is a logistical and transportation system designed to deliver LNG to areas that lack access to conventional natural gas pipelines. It combines LNG transport and storage solutions to efficiently move and distribute LNG over distances and regions where constructing physical pipelines is impractical or economically unfeasible.
The main types of LNG virtual pipelines are ordinary and special types. The ordinary type refers to a standard system used for transporting and distributing LNG without relying on traditional fixed pipelines. Transportation methods for this system include truck, rail, ship, and barge. Key end users of LNG virtual pipelines include commercial, industrial, and transportation sectors.
The LNG virtual pipeline market research report is one of a series of new reports that provides LNG virtual pipeline market statistics, including the LNG virtual pipeline industry global market size, regional shares, competitors with LNG virtual pipeline market share, detailed LNG virtual pipeline market segments, market trends, and opportunities, and any further data you may need to thrive in the LNG virtual pipeline industry. These LNG virtual pipeline market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The LNG virtual pipeline market consists of revenues earned by entities by providing services such as LNG transportation logistics, operational management of cryogenic storage and transport units, safety compliance, and technological support for efficient distribution. The market value includes the value of related goods sold by the service provider or included within the service offering. The LNG virtual pipeline market also includes sales of LNG storage tanks, specialized transport vehicles, and regasification facilities. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The LNG virtual pipeline market size is expected to see strong growth in the next few years. It will grow to $1.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth during the forecast period can be attributed to several factors, rising global demand for natural gas, increasing supportive government regulations, growing investments in LNG infrastructure, improved economic viability in remote areas, heightened environmental awareness, and expanding off-grid energy needs. Major trends expected to influence the market include technological advancements in transportation, progress in cryogenic storage technology, the adoption of IoT for real-time monitoring, the use of modular liquefaction units, the development of hybrid renewable energy-LNG systems, and the integration of blockchain technology for secure transactions.
The rising demand for clean energy sources is expected to drive growth in the liquefied natural gas (LNG) virtual pipeline market. Clean energy sources include renewable and sustainable technologies with minimal environmental impact, such as solar, wind, hydroelectric, and geothermal power. The increasing interest in these sources is fueled by environmental concerns and the need to reduce reliance on fossil fuels due to their renewable nature and minimal ecological footprint. LNG virtual pipelines improve access to clean energy by transporting liquefied natural gas to regions without pipeline infrastructure, thereby lowering emissions and supporting cleaner energy alternatives. For instance, in February 2023, the Energy Information Administration (EIA), a US-based government agency, reported that by the end of 2022, the U.S. electric power sector had installed 73 gigawatts (GW) of solar photovoltaic (PV) capacity, with plans to increase this capacity by 43% (32 GW) in 2023. Additionally, wind and solar power together accounted for 14% of U.S. electricity generation in 2022, with projections indicating this share would rise to 16% in 2023 and 18% in 2024. This growing demand for clean energy sources will drive the LNG virtual pipeline market.
Leading companies in the LNG virtual pipeline market are advancing natural gas compression stations with innovative features to improve the efficiency and reliability of LNG transportation and distribution. Virtual pipelines enhance the performance, flexibility, and cost-effectiveness of natural gas compression stations, thereby strengthening the natural gas supply chain. For example, in August 2022, Sun Bridge Energy Services, a US-based oil and gas company, launched a new natural gas compression station in the Permian Basin. This station, with a capacity of 50 million cubic feet per day, supports oil and gas producers across the country in adopting dual-fuel engines for various operations, reducing emissions through cleaner fuel alternatives such as compressed natural gas. The station uses advanced composite tube technology known for its safety and reliability and is utilized by industry leaders such as SpaceX and Shell. Sun Bridge Energy Services’ new compression station is a key component in developing a virtual pipeline for clean fuels in the Permian Basin, aiding the shift to more environmentally friendly energy sources for regional operators.
In January 2024, Nebula Energy LLC, a US-based oil and gas company, acquired a majority stake in AG&P LNG for $300 million. This acquisition is intended to bolster Nebula Energy’s position in the LNG sector. The investment is expected to enhance AG&P LNG’s capabilities in building downstream LNG infrastructure, addressing the growing energy needs in Asia, where LNG is increasingly seen as a crucial fuel for reducing carbon emissions. AG&P Terminals & Logistics Pte Ltd, based in the UAE, is a company specializing in virtual pipelines for the oil and gas industry.
Major companies operating in the liquefied natural gas (LNG) virtual pipeline market are ExxonMobil Corporation, TotalEnergies SE, General Electric Company, Honeywell International Inc., Cheniere Energy Inc., Linde plc, Siemens Energy AG, Air Liquide S.A., Mitsubishi Heavy Industries Ltd., Baker Hughes, McDermott International Ltd., Sempra Energy, Dominion Energy Inc., Fluor Corporation, Air Products and Chemicals Inc., IHI Corporation, Technip Energies NV, TechnipFMC plc, Wärtsilä Corporation, JGC Holdings Corporation, Black & Veatch Corp, MAN Energy Solutions, Gaztransport & Technigaz SA, Chart Industries Inc., GreenLine Mobility Solutions Limited.
North America was the largest region in the LNG virtual pipeline market in 2023. The regions covered in the liquefied natural gas (LNG) virtual pipeline market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the liquefied natural gas (LNG) virtual pipeline market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A liquefied natural gas (LNG) virtual pipeline is a logistical and transportation system designed to deliver LNG to areas that lack access to conventional natural gas pipelines. It combines LNG transport and storage solutions to efficiently move and distribute LNG over distances and regions where constructing physical pipelines is impractical or economically unfeasible.
The main types of LNG virtual pipelines are ordinary and special types. The ordinary type refers to a standard system used for transporting and distributing LNG without relying on traditional fixed pipelines. Transportation methods for this system include truck, rail, ship, and barge. Key end users of LNG virtual pipelines include commercial, industrial, and transportation sectors.
The LNG virtual pipeline market research report is one of a series of new reports that provides LNG virtual pipeline market statistics, including the LNG virtual pipeline industry global market size, regional shares, competitors with LNG virtual pipeline market share, detailed LNG virtual pipeline market segments, market trends, and opportunities, and any further data you may need to thrive in the LNG virtual pipeline industry. These LNG virtual pipeline market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The LNG virtual pipeline market consists of revenues earned by entities by providing services such as LNG transportation logistics, operational management of cryogenic storage and transport units, safety compliance, and technological support for efficient distribution. The market value includes the value of related goods sold by the service provider or included within the service offering. The LNG virtual pipeline market also includes sales of LNG storage tanks, specialized transport vehicles, and regasification facilities. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Liquefied Natural Gas (LNG) Virtual Pipeline Market Characteristics3. Liquefied Natural Gas (LNG) Virtual Pipeline Market Trends and Strategies32. Global Liquefied Natural Gas (LNG) Virtual Pipeline Market Competitive Benchmarking33. Global Liquefied Natural Gas (LNG) Virtual Pipeline Market Competitive Dashboard34. Key Mergers and Acquisitions in the Liquefied Natural Gas (LNG) Virtual Pipeline Market
4. Liquefied Natural Gas (LNG) Virtual Pipeline Market - Macro Economic Scenario
5. Global Liquefied Natural Gas (LNG) Virtual Pipeline Market Size and Growth
6. Liquefied Natural Gas (LNG) Virtual Pipeline Market Segmentation
7. Liquefied Natural Gas (LNG) Virtual Pipeline Market Regional and Country Analysis
8. Asia-Pacific Liquefied Natural Gas (LNG) Virtual Pipeline Market
9. China Liquefied Natural Gas (LNG) Virtual Pipeline Market
10. India Liquefied Natural Gas (LNG) Virtual Pipeline Market
11. Japan Liquefied Natural Gas (LNG) Virtual Pipeline Market
12. Australia Liquefied Natural Gas (LNG) Virtual Pipeline Market
13. Indonesia Liquefied Natural Gas (LNG) Virtual Pipeline Market
14. South Korea Liquefied Natural Gas (LNG) Virtual Pipeline Market
15. Western Europe Liquefied Natural Gas (LNG) Virtual Pipeline Market
16. UK Liquefied Natural Gas (LNG) Virtual Pipeline Market
17. Germany Liquefied Natural Gas (LNG) Virtual Pipeline Market
18. France Liquefied Natural Gas (LNG) Virtual Pipeline Market
19. Italy Liquefied Natural Gas (LNG) Virtual Pipeline Market
20. Spain Liquefied Natural Gas (LNG) Virtual Pipeline Market
21. Eastern Europe Liquefied Natural Gas (LNG) Virtual Pipeline Market
22. Russia Liquefied Natural Gas (LNG) Virtual Pipeline Market
23. North America Liquefied Natural Gas (LNG) Virtual Pipeline Market
24. USA Liquefied Natural Gas (LNG) Virtual Pipeline Market
25. Canada Liquefied Natural Gas (LNG) Virtual Pipeline Market
26. South America Liquefied Natural Gas (LNG) Virtual Pipeline Market
27. Brazil Liquefied Natural Gas (LNG) Virtual Pipeline Market
28. Middle East Liquefied Natural Gas (LNG) Virtual Pipeline Market
29. Africa Liquefied Natural Gas (LNG) Virtual Pipeline Market
30. Liquefied Natural Gas (LNG) Virtual Pipeline Market Competitive Landscape and Company Profiles
31. Liquefied Natural Gas (LNG) Virtual Pipeline Market Other Major and Innovative Companies
35. Liquefied Natural Gas (LNG) Virtual Pipeline Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Liquefied Natural Gas (LNG) Virtual Pipeline Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on liquefied natural gas (LNG) virtual pipeline market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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Description
Where is the largest and fastest growing market for liquefied natural gas (LNG) virtual pipeline? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The liquefied natural gas (LNG) virtual pipeline market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Ordinary Type; Special Type2) By Mode Of Transportation: Truck; Rail; Ship; Barge
3) By End Use: Commercial; Industrial; Transportation
Key Companies Mentioned: ExxonMobil Corporation; TotalEnergies SE; General Electric Company; Honeywell International Inc.; Cheniere Energy Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- ExxonMobil Corporation
- TotalEnergies SE
- General Electric Company
- Honeywell International Inc.
- Cheniere Energy Inc.
- Linde plc
- Siemens Energy AG
- Air Liquide S.A.
- Mitsubishi Heavy Industries Ltd.
- Baker Hughes
- McDermott International Ltd.
- Sempra Energy
- Dominion Energy Inc.
- Fluor Corporation
- Air Products and Chemicals Inc.
- IHI Corporation
- Technip Energies NV
- TechnipFMC plc
- Wärtsilä Corporation
- JGC Holdings Corporation
- Black & Veatch Corp
- MAN Energy Solutions
- Gaztransport & Technigaz SA
- Chart Industries Inc.
- GreenLine Mobility Solutions Limited
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | October 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.38 Billion |
Forecasted Market Value ( USD | $ 1.8 Billion |
Compound Annual Growth Rate | 6.9% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |