Indonesia LNG Market to Surpass 5.9 MMT by 2025: Says TechSci Research
NEW YORK, February 10, 2017 /PRNewswire/ --
Declining natural gas production, growing demand from industrial and power sector in the country, coupled with decreasing average landed prices to drive supply for LNG in Indonesia through 2025
According to TechSci Research report "Indonesia LNG Market Demand & Supply Analysis, By Region, By Application, By LNG Terminal, Competition Forecast and Opportunities, 2016-2025", LNG market in Indonesia is projected to surpass 5.9 MMT by 2025. Growing application of LNG in various end use sectors, contracts with number of countries to supply LNG and construction of pipeline infrastructure in various archipelagos across Bali and Kalimantan are the major factors fueling supply of LNG in the country. Moreover, Indonesia produced around 16.20 MMT of LNG in 2015, out of which 14 MMT was exported and remaining 2.2 MMT was consumed in the domestic market. However, production of dry natural gas declined in the country at a CAGR of 2.62% during 2010-2015. Furthermore, demand for LNG in the country is continuously rising owing to growing demand from industrial and power sector, coupled with commissioning of three gas fired power projects in the Java region, which have a capacity of 2.5 GW. Thus, aforementioned factors are likely to propel supply of LNG in Indonesia during 2016-2025.
(Logo: http://photos.prnewswire.com/prnh/20140117/663730 )
Browse 6 market data Tables and 15 Figures spread through 40 Pages and an in-depth TOC on
"Indonesia LNG Market"
In 2015, Java Region accounted for highest market share in Indonesia LNG market owing to rising need for power and rapid industrialization in this region. Moreover, this region receives LNG supply from various terminals such as Lampung LNG (Offshore), Nusantara Regas Satu (Offshore) FSRU, Cilacap FSRU and Bojonegara LNG terminal. Moreover, in 2016 industrial sector accounted for largest share in the LNG market in Indonesia. However, demand for LNG is anticipated to grow fastest from the power sector in the country during the forecast period, on account of increase utilization of LNG in gas fired power plants such as as Tanjung Priok CCGT, Muara Tawar I II III CCGT and Tambak Lorok (Semarang) CCGT.
Download Sample Report
@ https://www.techsciresearch.com/sample-report.aspx?cid=909
Customers can also request for 10% free customization on this report.
"Domestic production of natural gas in Indonesia witnessed significant decline during 2010-2015. Contractual obligations for exporting LNG and increasing domestic demand for natural gas in Indonesia have necessitated setting up of LNG import terminals to reduce widening of demand-supply gap. Moreover, rising spending by the Government of Indonesia on LNG infrastructure, installation of offshore LNG terminal and floating storage regasification units (FSRU) are further anticipated to boost supply of LNG in Indonesia during 2016-2025.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Indonesia LNG Market Demand & Supply Analysis, By Region, By Application, By LNG Terminal, Competition Forecast and Opportunities, 2016-2025" has evaluated the LNG market across seven different regions in Indonesia and provides statistics and information on market structure, industry behaviour and trends. The report includes market projections and potential demand forecasting. The report intends to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyses emerging trends along with essential drivers, challenges, and opportunities available in LNG market in Indonesia.
Browse Related Reports
Global LNG Market Demand & Supply Analysis, By Region (Asia-Pacific, Europe, Middle East & Africa, South America and North America), By Country, By LNG Terminal, Competition Forecast and Opportunities, 2011-2025
Global Small Scale LNG Market By Application (Industrial, Transportation, Utilities, Others), By Mode of Supply (Truck, Rail Tanks, Trans-shipment), By Region Opportunities & Forecast, 2021
India LNG Market Forecast and Opportunities, 2025
https://www.techsciresearch.com/report/india-lng-market-forecast-and-opportunities-2025/592.html
India City Gas Distribution Market Forecast and Opportunities, 2030 https://www.techsciresearch.com/report/india-city-gas-distribution-market-forecast-and-opportunities-2030/568.html
Global Natural Gas Compressors Market By Technology (Positive Displacement Compressor Vs. Dynamic Compressor), By Application (Upstream, Midstream and Downstream), By Region, Competition Forecast and Opportunities, 2011 - 2021
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York - 10017
Tel: +1-646-360-1656
Email: [email protected]
Connect with us on Twitter - https://twitter.com/TechSciResearch
Connect with us on LinkedIn - https://www.linkedin.com/company/techsci-research
SOURCE TechSci Research
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article