Saudi Arabia Liquefied Natural Gas (LNG) Market Size & Insights
According to MarkNtel Advisors study The future of Saudi Arabia Liquefied Natural Gas (LNG) Market size was valued at around USD 731 million in 2024 and is expected to reach USD 1,430 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 11.83% during the forecast period, i.e., 2025-30.
What are the Key Driver in the Saudi Arabia Liquefied Natural Gas (LNG) Market?
Increasing Domestic Power Demand – The growth of this market is driven by the rising demand for power due to the country’s growing population, which has led to the expansion of its various sectors, such as residential, commercial, and industrial. Particularly, its expanding industrial sector, which is driven by the Vision 2030 program, the country heavily relies on energy-intensive systems, such as in water desalination plants, petrochemicals, mining, and manufacturing, along with the widespread air conditioning in its residential and commercial sectors during peak summers. This growth in power demand has also increased carbon emissions from these sectors, for which the country has made a significant push over the past decade.
Moreover, this transition is putting pressure on low-cost crude oil, which the country has freed up for exports and has made a push for a cleaner-burning fuel. For instance, by integrating LNG into its energy mix, either through imports or by increased domestic gas production, the country is striving to achieve a more sustainable balance. This is because LNG is a cleaner option as it gives off lower carbon dioxide emissions compared to crude oil and coal. For instance, studies have shown that LNG produces approximately 30% less carbon dioxide (CO2) than petroleum and 45% less than coal. All these factors are driving the market demand.
What are the Key Segments in the Saudi Arabia Liquefied Natural Gas (LNG) Market?
The Saudi Arabia Liquefied Natural Gas (LNG) is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
- By Deployment Type
- LNG Liquefaction Plants – Market Size & Forecast 2020–2030, USD Million
- LNG Regasification Facilities – Market Size & Forecast 2020–2030, USD Million
- LNG Shipping – Market Size & Forecast 2020–2030, USD Million
- By Infrastructure Type
- Liquefaction Terminals – Market Size & Forecast 2020–2030, USD Million
- Regasification Terminals – Market Size & Forecast 2020–2030, USD Million
- Floating Storage and Regasification Units (FSRUs) – Market Size & Forecast 2020–2030, USD Million
- By End-User
- Power Generation – Market Size & Forecast 2020–2030, USD Million
- Transportation (Marine, heavy-duty vehicles) – Market Size & Forecast 2020–2030, USD Million
- Residential – Market Size & Forecast 2020–2030, USD Million
- Commercial – Market Size & Forecast 2020–2030, USD Million
- Industrial – Market Size & Forecast 2020–2030, USD Million
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How does geographical analysis highlight in the Saudi Arabia Liquefied Natural Gas (LNG) market?
- By Region
-
- North
- East
- South
- West
- Central
Who are the Key Players in Saudi Arabia Liquefied Natural Gas (LNG) Market?
- Saudi Aramco
- Total Energies
- Sinopec
- SABIC
- ACWA Power
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Saudi Arabia Liquefied Natural Gas (LNG) Market News
2025: Saudi Aramco is actively considering expanding its footprint in the global LNG market and wants to become a major international player beyond its focus on oil. Recently, it has increased its stake to 49% in MidOcean Energy, marking its first direct investment in international LNG assets.
2025: ACWA Power is a key partner in the NEOM Green Hydrogen Project, a major renewable‑powered hydrogen and ammonia plant set to begin operations by mid‑2026. The development of this hydrogen ecosystem relies heavily on natural gas and electrolytic infrastructure overlapping with future LNG value chains.
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