Research and Markets has announced the addition of the ‘UAE LNG Market Demand & Supply Analysis, By Region, By Application, By LNG Terminal, Competition Forecast and Opportunities, 2011 - 2025’ report to its offering.
The UAE LNG market is projected to grow at a CAGR of 7.6% during 2016 - 2021. UAE is the third largest importer of LNG in Middle East and Africa region in 2015. The country mainly imports LNG from Qatar, Australia, Trinidad and Tobago, and Indonesia. Various upcoming LNG terminal projects, surging demand for natural gas and cost-effectiveness of LNG in comparison with other alternative fuels are major factors anticipated to positively influence the LNG market scenario in UAE, over next 10 years.
Growing focus on expansion of gas pipeline infrastructure, along with increasing utilisation of natural gas for re-injection into oilfields to enhance oil production, declining LNG prices and implementation of favorable government policies is expected to boost demand for LNG in the UAE. In order to address the growing domestic demand for LNG, the country imports natural gas and LNG from Qatar through Jebel Ali LNG Terminal and Dolphin Energy operated pipeline. Jebel Ali (OFFSHORE) LNG Terminal was commissioned in 2010 in Dubai, with an initial LNG handling capacity of 3 million tpy, which increased to 6 million tpy in 2015.
Power generation sector was the largest consumer of LNG in the UAE as of 2015, however, with commissioning of four nuclear plants with 5.6 GW capacity, demand for LNG from power sector in the country is expected to decline during the forecast period, thereby impacting demand for LNG in the region.
Read the full report here.
Read the article online at: https://www.worldpipelines.com/business-news/22122016/uae-lng-market-report-focuses-on-gas-pipeline-infrastructure/