Report Code: A07866 | Pages: NA | Mar 2023 | 2669 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Floating Storage Regasification Unit Market
Request Now !A floating storage regasification unit (FSRU) is a component for transferring and transmitting liquefied natural gas through the oceanic channels. in addition, it is known as a ship used for liquefied natural gas transfer. The floating storage regasification is a quick and flexible way of supplying natural gas for fast track projects. It plays an important role in LNG carriers and the local gas supply infrastructure. The floating storage regasification unit is used to supply natural gas, producing hydrocarbons, and energy sectors. This technique makes transferring fuel an easy task and prevents degradation of the oceanic ecosystem by the leakage of fuel. Thus, it becomes an essential to storage liquefied natural gas in a semi-frozen state with the help of a floating storage regasification unit system.Â
COVID-19 impact analysis
Surge in demand for environment-friendly liquefied natural gas is the major driver of the floating storage regasification unit market. LNG is a suitable technique in which natural gas can be moved through long distances. FSRU units help in relocating energy changes from one location to another easily. Thus, these systems are considered as an ideal means to supply and transfer natural gas. Furthermore, the construction of the floating storage regasification is inexpensive and leads to adopting of this technique globally, owing to its high mobility and commercial flexibility. The technique emits low carbon, and is suitable for the environment, which makes floating regasification unit ideal for use. The major restraint for the FSRU market is its large capital for installations and the high cost of production due to the volatility in the oil & gas industry. In addition, the floating storage regasification unit has low capacity storage of LNG, which will hamper the growth of the market during the forecast period.
Key benefits of the report
Floating Storage Regasification Unit Market Report Highlights
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Key Market Players | Trafigura, Excelerate energy, Ltd., EXMAR, FLEX LNG, Bumi Armada, Golar LNG, HOEGH LNG, BW Gas |
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