Future Saudi Arabia Liquefied Natural Gas (LNG) Market: Key Dynamics, Size & Share Analysis
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. The market growth is driven by the country’s growing domestic population
and expanding commercial, residential, and industrial sectors, where it has
heavily relied on burning low-cost crude oil to meet the power demand. This is
because it is technically challenging to extract natural gas in new, often
costlier, non-associated and unconventional fields like Jafurah Basin, Karan,
Wasit, etc., along with the rising costs from new suppliers. This has led to
the country exploring LNG imports, which is a cost-effective way to reduce the
oil burn, particularly during peak power demand, such as summers when there is
high usage of cooling systems (like air conditioners). This peak demand is
counter-seasonal to major global LNG importing regions and is creating
attractive market pricing conditions for LNG suppliers, as it allows for more
consistent, predictable, and year-round demand for their LNG assets.
Top Market Challenges Impacting
the Saudi Arabia Liquefied Natural Gas (LNG) Market Growth
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.
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Understanding the Core Segments
in the Saudi Arabia Liquefied Natural Gas (LNG) Market
Saudi Arabia Liquefied Natural
Gas (LNG) Market Size, Share & Industry Trends Analysis- By Deployment Type
(LNG Liquefaction Plants, LNG Regasification Facilities, LNG Shipping), By
Infrastructure Type (Liquefaction Terminals, Regasification Terminals, Floating
Storage and Regasification Units (FSRUs)), By End-User (Power Generation,
Transportation (Marine, heavy-duty vehicles), Residential, Commercial,
Industrial), and others.
Geographical Analysis of the Saudi
Arabia Liquefied Natural Gas (LNG) Market
By Region
- North
- East
- South
- West
- Central.
Who Dominates the Saudi Arabia Liquefied
Natural Gas (LNG) Market Insights on Key Industry Players?
Companies
are strengthening their presence in the Saudi Arabia Liquefied Natural Gas
(LNG) market by adopting strategies such as forming strategic alliances,
leveraging AI, entering partnerships, pursuing mergers and acquisitions,
expanding into new regions, and introducing innovative products and services.
·
Saudi Aramco
·
Total Energies
·
Sinopec
·
SABIC
·
ACWA
Power.
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