General chit chat, page-488

I have just been rehashing the MOU for our possible offtake project with MT Group, which would see a SSLNG plant being built.

I have been reading up on some recent reports (2023) and the market seems to be perfectly primed for these type of projects:

Global Small-Scale LNG Market - 2023-2030 Market

Overview
Asia Pacific Small Scale LNG market is one of the high-prospect markets for Small Scale LNG industry stakeholders. Rapid growth in the economy coupled with a fast-paced increase in the consumption power of individuals is encouraging market growth. In addition to Japan and South Korea, developing countries including China, India, Indonesia, and others offer lucrative growth prospects.

The global small-scale LNG market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 10.4% during the forecast period (2023-2030).A set of logistical procedures used to handle small/medium amounts of liquefied natural gas is known as small-scale LNG (SSLNG). LNG and Bio-LNG are primarily supplied by SSLNG logistics to the heavy-duty road, sea, and rail transportation industries. SSLNG makes it possible to deliver LNG to customers in the transportation, industrial, and power-generating sectors effectively without having to produce it in the customary quantities associated with large-scale LNG production.

Global Small Scale LNG Terminals Market to Reach $57.5 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Small Scale LNG Terminals estimated at US$36.6 Billion in the year 2022, is projected to reach a revised size of US$57.5 Billion by 2030, growing at aCAGR of 5.8% over the period 2022-2030. Liquefaction Terminals, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$24.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Regasification Terminals segment is readjusted to a revised 6.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $11 Billion, While China is Forecast to Grow at 5.4% CAGR

The Small Scale LNG Terminals market in the U.S. is estimated at US$11 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$10 Billion by the year 2030 trailing a CAGR of 5.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR

Market Dynamics

The rising environmental regulationsThe World Health Organization estimates that air pollution results in 6.7 million premature deaths each year. To address the issue, many countries have implemented regulations that restrict air pollution. For instance, the amount of nitrogen oxide and particulate matter that power plants and other sources are allowed to produce is restricted by the European Union.The proliferation of environmental restrictions has a considerable impact on the small-scale LNG industry. Demand for cleaner fuels is increasing as a result of regulations. Many countries and industries are finding small-scale LNG facilities to be a desirable option, which is fueling industry expansion.