bp p.l.c. ENGIE, and Siemens are Dominating the Global Small-Scale LNG Market in 2019

Global Small-Scale LNG Market is expected to grow with the CAGR of 13.4% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global small-scale LNG market 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 global small-scale LNG market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, In February 2020, Stabilis Energy Inc. announces that they had achieved a major milestone in their Mexican growth plan by building a small-scale liquefied natural gas production plant in Monterrey, Nuevo Leon and Mexico. Through this expansion the company will be able to expand its product portfolio in the market.

bp p.l.c. is the dominating player in global Small-Scale LNG market. The other key players existing in the market includes are Linde, Sofregaz Company, WÄRTSILÄ, Stabilis Energy, Inc., Baker Huges , a GE company LLC (A Subsidiary of GENERAL ELECTRIC), Honeywell (A Subsidiary of Honeywell International), Total, Royal Dutch Shell plc, Siemens, Air Products and Chemicals, Inc., Gasum Oy, Black & Veatch Holding Company, ENGIE, Gazprom, Excelerate Energy. L. P., Equinor ASA, PT Pertamina(Persero), China National Offshore Oil Corporation, Eni S.p.A. and Kunlun Energy Company Limited., among others.

bp p.l.c.

bp p.l.c. is headquartered in London, U.K. and founded in 1909. The company is engaged in providing energy business through their upstream, downstream business line. The company offers various products such as oil, marine, gas and power, liquefied natural gas (LNG), natural gas liquids (NGL) and the market focused product is liquefied natural gas (LNG) in small-scale LNG market.

For instance,

• In December 2016, bp p.l.c. announced that they are engaged in the sales and purchase agreement with PTT Public Limited Company (PTT) for the production and supplying of 1 million tonnes of LNG per annum to the company. Through this merger, the company has enhanced the product portfolio.

The company has wide global presence across the globe such as Europe and Eurasia, Americas, Africa and Middle East and Asia-Pacific.

ENGIE

ENGIE founded in 2008 and is headquartered in Courbevoie, France. The company is engaged in carbon-neutral economy, through reduced energy consumption and making more environmentally-friendly solutions. The company offers products such as natural gas & LNG among which natural gas & LNG is market focused segment.

For instance,

• In 2019, ENGIE has decided to expand the business by setting up a small-scale LNG plant at Fos- Tonkin in France. This update helped the company to increase the revenue in near future.

The company has wide global 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) and storengy (Germany), among others.

Siemens

Siemens founded in 1847 and is headquartered in Munich, Germany. The company is engaged in manufacturing of energy-efficient, resource-saving technologies, electrification, automation and digitalization, innovation and reliability. The company offers various solution such as aerospace, airports, automotive manufacturing, battery manufacturing, chemical industry, cement, cranes, data centers, distributors, electronics industry, fiber industry, food & beverage, glass production, intralogistics, machinery and plant construction, marine, mining industry, municipalities and DSOs, oil and gas, control panel, pharmaceutical industry, power utilities, tire manufacturing, transportation and logistics, water industry, wind energy among which oil and gas is market focused segment.

For instance,

• In June 2010, Siemens Company has entered into MOU with Gazprom for the LNG technology. This update has helped the company to increase the production and revenue in near future.

The company has wide global 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 Siemens Healthineers (Germany), Siemens Gamesa (Spain), Siemens India (India), Siemens Mobility (Germany), Mendix (U.S.), Mentor Graphics (U.S.), Dresser-Rand (U.S.), Siemens PLM Software (U.S.) and Siemens Canada (Canada), among others.