Royal Dutch Shell plc, ENGIE S.A. and Wärtsilä are Dominating the Small Scale LNG Market in Road Transportation in 2019

Europe Small Scale LNG Market in road transportation is expected to grow with the CAGR of 7.3% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Europe small scale LNG market in road transportation is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Europe small scale LNG market in road transportation are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In October 2018, Royal Dutch Shell plc had invested in the LNG Canada for USD 25-30 billion dollar per year to start the construction in the mid of next decade. The expansion helps in maximising the customer base of the company which generates revenue of the business.

Royal Dutch Shell plc is the dominating player in Europe small scale LNG market in road transportation. The other key players existing in the market ENGIE S.A., Wärtsilä, Gazprom, Baker Huges Company, Honeywell International Inc., Linde, Sofregaz Company, Siemens, Black & Veatch Holding Company, Equinor ASA, and NOVATEK among others.

Europe Small Scale LNG Market

Royal Dutch Shell plc

Royal Dutch Shell plc headquartered in Hague, the Netherlands which is engaged in manufacturing of upstream, integrated gas and new energies, downstream products. The company offers various products such as Motorists, Shell Energy, Business customers, Energy and innovation and the market focused product is Energy and innovation in small scale LNG market in road transportation.

The company has wide presence across the globe such as Asia-Pacific, Europe, North America, South America and Middle East and Africa.

For instance,

  • In June 2017, Royal Dutch Shell plc had entered into the venture which is among Qatar Petroleum and Shell for LNG Marine fuelling with the aim to develop liquefied natural gas (LNG). The venture helps in increasing the production of the business which also generates income of the business.

ENGIE S.A.

ENGIE S.A. founded in 2008 and is headquartered in Courbevoie, France. The company is engaged in providing carbon-neutral economy, through reduced energy consumption and making more environmentally-friendly solutions. The company offers various activities such as Renewable Energies, Clients Solutions, Thermal Energy, Infrastructures among which Infrastructuresis market focused segment.

The company has wide presence in Asia-Pacific, Europe, North America, South America and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Electrabel (Belgium), Cofely (France), Engie Ineo (France), ENGIE Brasil (Brazil), ENGIE ROMANIA (Romania), ENGIE Home Services (France), GRTgaz (France), Tractebel (Belgium), storengy (Germany) among others.

For instance,

  • In October 2019, ENGIE S.A. had expanded the business by setting up a small scale LNG plant at Fos-Tonkin in France which connects to the gas transmission network. The expansion help in enhancing the customer base of the company which generates revenue of the business.

WÄRTSILÄ

WÄRTSILÄ established in 1834 and is headquartered in Madrid, Spain. The company is engaged in manufacturing of smart technologies and complete lifecycle solutions for the marine and energy markets. The company offers various products such as Marine and Energy among which coating Energy is market focused segment.

The company has wide presence in Americas, Europe, Africa, and Asia. In addition to it, the company also generates its revenue from the various subsidiary companies such as Wartsila Italia S.p.A. (Italy), Eniram Oy (Finland), Wärtsilä ELAC Nautik GmbH (Germany), and Guidance Marine (U.K.) and among others. For instance,

  • In March 2020, Wärtsilä had announced the supply of the cargo 18,000 cbm LNG bunkering vessel. Wärtsilä’s small-scale-LNG production is the factor in the award of the latest contract. The expansion helps in increasing the customer base of the company which generates revenue of the business.