Middle East & Africa Liquefied Natural Gas Market Size & Outlook
Middle East & Africa liquefied natural gas market, 2018-2030 (US$M)
Related Markets
MEA liquefied natural gas market highlights
- The MEA liquefied natural gas market generated a revenue of USD 1,735.6 million in 2023.
- The market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, power generation was the largest revenue generating application in 2023.
- Power Generation is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,735.6 million |
| Market revenue in 2030 | USD 3,033.6 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Power generation |
| Fastest growing segment | Power Generation |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transportation Fuel, Power Generation |
| Key market players worldwide | BP PLC, Chevron Corp, China Petroleum & Chemical Corp Class H, Eni SpA, Equinor ASA, Exxon Mobil Corp, Gazprom, PetroChina Co Ltd Class H, Shell PLC, TotalEnergies SE |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.5% of the global liquefied natural gas market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 173,568.6 million by 2030.
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Liquefied Natural Gas Market Scope
Liquefied Natural Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa liquefied natural gas market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to liquefied natural gas market will help companies and investors design strategic landscapes.
Power generation was the largest segment with a revenue share of 42.19% in 2023. Horizon Databook has segmented the Middle East & Africa liquefied natural gas market based on transportation fuel, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
The energy consumption in the region is growing at a significant rate. LNG is considered as one of the cleanest fossil fuels. The various governments are in the region are seeking cost-effective ways to reduce their respective country’s reliance on fossil fuels. These factors are anticipated to boost LNG market in the region over the forecast period.
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Target buyers of Middle East & Africa liquefied natural gas market databook
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Our clientele includes a mix of liquefied natural gas market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa liquefied natural gas market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa liquefied natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA liquefied natural gas market size, by country, 2018-2030 (US$M)
Middle East & Africa Liquefied Natural Gas Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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