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The liquefied natural gas market is estimated to grow by USD 21.9 billion at a CAGR of 6.8% between 2023 and 2028. The market is experiencing significant growth, driven by several key factors. Firstly, there has been a notable increase in LNG production, particularly in countries like Qatar, Russia, and Australia. Secondly, the demand for LNG bunkering is surging, as more shipping companies turn to cleaner fuel sources to reduce emissions. Additionally, fluctuations in global oil and Natural gas prices continue to impact the LNG market, with price volatility leading to both opportunities and challenges for market participants. LNG is used for Power Generation in Gas Power Plants, reducing Greenhouse Gas Emissions compared to traditional coal-fired power plants. The LNG industry is expected to continue its expansion in the coming years, driven by these trends and the growing demand for cleaner energy sources.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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