Growing Demand for Floating liquefied natural gas (FLNG) Solutions in the Renewable Energy Sector will positively impact the global Floating liquefied natural gas (FLNG) market at a CAGR of 10.8% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published on the “Global Floating liquefied natural gas (FLNG) Market”.

The Floating liquefied natural gas (FLNG) market is estimated to register a CAGR of 10.8% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Floating liquefied natural gas (FLNG) market— Woodside Energy Group Ltd, Petroliam Nasional Berhad (PETRONAS), EXMAR, ABB Ltd., Hoegh LNG, Shell plc, Excelerate Energy, Inc., BASF SE, Golar LNG Limited, Mitsui O.S.K.Lines, Eni S.p.A.

Floating liquefied natural gas Market Highlights

The global Floating liquefied natural gas (FLNG) market is accounted for to register a CAGR of XX% during the forecast period and is estimated to reach USD 53.542 million by 2032.

The Ongoing government programs and benefits including financial incentives toward improvement of energy security and supply will foster the FLNG market growth. Growing demand for clean energy resources along with rapidly higher natural gas demand will complement the industry outlook.

Floating liquefied natural gas (FLNG) facility is defined as a floating production storage and offloading unit that helps in conducting liquefied natural gas operations for manufacturing or developing offshore natural gas resources in which gas will be extracted from the seabed, then processed, liquefied, and stored on a floating facility that will be permanently moored over the field. The LNG will then be offloaded to a tanker and will be carried or taken directly to market. In addition, today increasing focus more toward natural gas-based power plants along with favorable regulatory policies for emission reduction.

The driver behind this transformation in the FLNG market abounds, particularly in unlocking new markets with untapped offshore reserves. Ongoing technological advancements, including liquefaction methods and modular designs, offer prospects for efficiency improvements and cost reductions.

Furthermore, the integration of renewable energy sources with FLNG projects positions the industry at the forefront of clean energy production. This transformation is visible across various facets of the renewable energy sector, and it's imperative to comprehend not only the significance of this driver but also why it is poised to be a major force propelling the demand for floating liquefied natural gas (FLNG)s throughout the forecast period.

The floating liquefied natural gas (FLNG) market is experiencing notable growth, underpinned by key drivers shaping the global energy landscape. Currently, FLNG technology stands out for its ability to monetize remote and stranded natural gas reserves cost-effectively, providing a viable solution for offshore fields. The sector's modular and scalable nature enhances project economics and mitigates risks associated with uncertain gas field characteristics. Additionally, FLNG projects contribute to the global energy transition, aligning with sustainability goals through cleaner alternatives and operational efficiency.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Floating Liquefied Natural Gas Market Research Report

Segment Analysis

The global Floating liquefied natural gas (FLNG) market has been segmented based on Technology, Capacity, and Region.

The global Floating liquefied natural gas (FLNG) Market segmentation, based on the technology, the Floating Liquefied Natural Gas (FLNG) Market is categorized into LNG FPSO, FSRU, and others. The FSRU segment dominated the Floating Liquefied Natural Gas Market Share. The demand for FSRU is increasing in regions where have high demand for natural gas. The FSRU segment is schemes to dominate the growth during the forecast period.

LNG FSRUs is mobile and be relocated to different locations based on changing LNG demand or supply considerations. This mobility provides a high degree of flexibility, allowing FSRUs to be strategically positioned to meet shifting energy demands in various regions. FSRUs be used or deployed easily and quickly as compared to the time it takes to construct or develop traditional onshore LNG terminals. Rapid or quick deployment is particularly important or valuable in emergency situations, during peak demand periods, or as a temporary solution while more permanent infrastructure is developed.

Based on the capacity, the Floating LNG Market is categorized into small/mid-scale, large scale, and others. The large-scale segment dominates the floating liquefied natural gas (FLNG) market growing during the forecast period. Large-scale liquefied natural gas (FLNG) projects help in the strategic growth because they have a big impact on the global LNG sector or industries.

They (Large-scale liquefied natural gas (FLNG) projects) involve or includes significant/high initial investments, advanced innovative technology, and extensive infrastructure / buildings.  This will help in satisfying worldwide energy needs with a reliable and abundant supply of LNG. To ensure sustainable and responsible practices, economic, environmental, and social concerns must be carefully considered during the construction and operation of such initiatives.

Regional Analysis

Based on the Region, the Floating liquefied natural gas (FLNG) market is categorized into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Middle East and Africa are involved in rapid developments in energy exploration for LNG gas production is driving the growth of the market. The Middle East and Africa are major hubs or homes for oil and gas exploration and production activity.

Most of the companies or firms in the Middle East and Africa are investing heavily in floating infrastructure to accelerate or speed up the LNG production and export activity to generate the revenue. The Asia-Pacific region has the aim to focus on innovation and suitability. The Asia-Pacific Floating liquefied natural gas (FLNG) market holds the largest market share and expected to be grow during the forecast period. Ther more focus on increasing the adoption of electric vehicles (EVs) which contributes to the dominance in the floating liquefied natural gas (FLNG) market.

Government regulations are increasingly playing a pivotal role in sculpting the floating liquefied natural gas (FLNG) market, primarily driven by environmental concerns and the growing scarcity of rare-earth materials. Europe also accounted for the largest share in this market. They increase the activities for LNG exploration and several countries in Europe are working on development of FLNG exploration. Natural gas production and pipeline imports has been impacts owing to war between Russia and Ukraine. Germany commissioned a new floating LNG terminal near the Baltic Sea.

Key Findings of the Study

• The global Floating liquefied natural gas (FLNG) market is expected to reach 17,695.6 million by 2032, at a CAGR of XX% during the forecast period.


• The Asia Pacific region accounted for the fastest-growing global market.


• Based on Technology, the FSRU Floating liquefied natural gas (FLNG) segment was attributed to holding the largest market in 2022.


• Based on Capacity, the Large-scale segment was attributed to holding the largest market in 2022.


• Woodside Energy Group Ltd, Petroliam Nasional Berhad (PETRONAS), EXMAR, ABB Ltd., Hoegh LNG, Shell plc, Excelerate Energy, Inc., BASF SE, Golar LNG Limited, Mitsui O.S.K.Lines, and Eni S.p.A. Floating liquefied natural gas (FLNG) are the key market players.