The Saudi Arabia Liquefied Natural Gas (LNG) Market size was valued at around USD 731 million in 2024 and is expected to reach USD 1,430 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 11.83% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
Saudi Arabia Liquefied Natural Gas (LNG) Market Driver:
Increasing Domestic Power Demand – The growth of this market is driven by the rising demand for power due to the country’s growing population, which has led to the expansion of its various sectors, such as residential, commercial, and industrial. Particularly, its expanding industrial sector, which is driven by the Vision 2030 program, the country heavily relies on energy-intensive systems, such as in water desalination plants, petrochemicals, mining, and manufacturing, along with the widespread air conditioning in its residential and commercial sectors during peak summers. This growth in power demand has also increased carbon emissions from these sectors, for which the country has made a significant push over the past decade.
Moreover, this transition is putting pressure on low-cost crude oil, which the country has freed up for exports and has made a push for a cleaner-burning fuel. For instance, by integrating LNG into its energy mix, either through imports or by increased domestic gas production, the country is striving to achieve a more sustainable balance. This is because LNG is a cleaner option as it gives off lower carbon dioxide emissions compared to crude oil and coal. For instance, studies have shown that LNG produces approximately 30% less carbon dioxide (CO2) than petroleum and 45% less than coal. All these factors are driving the market demand.
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Key Market Reports Highlights
- Market Dimensions Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Saudi Arabia Liquefied Natural Gas (LNG) Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Deployment Type
- LNG Liquefaction Plants – Market Size Forecast 2020–2030, USD Million
- LNG Regasification Facilities – Market Size Forecast 2020–2030, USD Million
- LNG Shipping – Market Size Forecast 2020–2030, USD Million
- By Infrastructure Type
- Liquefaction Terminals – Market Size Forecast 2020–2030, USD Million
- Regasification Terminals – Market Size Forecast 2020–2030, USD Million
- Floating Storage and Regasification Units (FSRUs) – Market Size Forecast 2020–2030, USD Million
- By End-User
- Power Generation – Market Size Forecast 2020–2030, USD Million
- Transportation (Marine, heavy-duty vehicles) – Market Size Forecast 2020–2030, USD Million
- Residential – Market Size Forecast 2020–2030, USD Million
- Commercial – Market Size Forecast 2020–2030, USD Million
- Industrial – Market Size Forecast 2020–2030, USD Million
- By Region
- North
- East
- South
- West
- Central
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Saudi Aramco, Total Energies, Sinopec, SABIC, ACWA Power looking forward to strengthening their market positions.
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