Transition to Liquefied Natural Gas (LNG) Helping Industries Reap Economic and Environmental Benefits : Transparency Market Research

Albany, NY -- (ReleaseWire) -- 04/15/2015 -- Regional liquefied natural gas market are demonstrating dynamic changes. It is predicted that the Asia-Pacific LNG market will demonstrate a healthy growth rate due to the growth of the market in countries such as China, India, and South Korea. In addition to this, Japan, South Korea, and Taiwan, known as the JKT region, is expected to remain the backbone of the liquefied natural gas (LNG) market as a result of high LNG imports. South Korea, Japan, and other Asian countries completely depend on LNG to cater to their domestic needs. Furthermore, the European liquefied natural gas (LNG) market, especially in Spain, Italy, and France is experiencing high imports to decrease their dependence on oil and protect the atmosphere from harmful emissions. RoW nations are also importing high amount of LNG to ensure their demand-supply gap is met. In the U.S., proposed LNG exports would account for a minor percentage of natural gas production; however, this will provide a range of benefits to the U.S. economy.