Floating LNG Storage Units Production and Price

1. PRICE AND PRODUCTION TRENDS AND BUSINESS Forecast Report Floating LNG Storage Units Production and Price Trend 01

2. Floating LNG Storage Units Production and Price Overview Historical Growth Rates and Past Performance Floating LNG Storage Units production expanded steadily over the past decade as offshore gas monetization gained traction. Between 2015 and 2020, global Floating LNG Storage Units production rose at an average annual rate of 6%, driven by capacity additions in Asia-Pacific and renewed investment in West African offshore fields. From 2020 to 2024, growth accelerated to nearly 8% per year as more operators adopted floating solutions in place of conventional land-based import terminals. In 2025, the average price stands at $4,850/MT, with the Floating LNG Storage Units price influenced by higher engineering complexity and increased steel costs. The Floating LNG Storage Units price, already elevated due to long fabrication cycles, is expected to maintain stability through project backlogs. 02 Request a sample at - https://datavagyanik.com/reports/global-floating-lng-storage-units-market-size-production-sales-average-product-price- market-share-import-vs-export-united-states-europe-apac-latin-america-middle-east-africa/

3. Key Factors Impacting Floating LNG Storage Units Prices in 2025 The Floating LNG Storage Units price in 2025 is shaped by rising raw material input costs, particularly steel plate prices, which increased nearly 14% year-on- year due to supply constraints in Asia. This directly raised fabrication costs and contributed to a higher Floating LNG Storage Units price across major shipyards. Another driver is the extended lead time for high-spec cryogenic tanks and membrane containment systems, as global shipyard utilization approached 82% in 2025, tightening available capacity and pushing the Floating LNG Storage Units price upward. Labor expenses in major manufacturing hubs also increased by 9–11%, especially in South Korea and Singapore, adding further upward pressure on unit construction costs. Additionally, LNG demand growth of nearly 5% in Asia-Pacific led to more project orders, raising competition for available slots and reinforcing a higher Floating LNG Storage Units price. Project financing costs rose slightly with interest rate adjustments in 2025, adding to overall capital burdens for newbuild units. With stronger investment in floating import solutions and more countries commissioning offshore regasification systems, market conditions favored a firm Floating LNG Storage Units price, supported by robust demand and limited supply-side flexibility. 03

4. MARKET SEGMENTATION Segmentation by Geography The Floating LNG Storage Units market is segmented by capacity, application type, deployment region, hull configuration, and end-user industry. By capacity, the market includes small-scale units below 100,000 m³, mid-scale units between 100,000 and 150,000 m³, and large-scale units above 150,000 m³. Large-scale units currently hold the dominant share, driven by utility- grade LNG import operations and large-volume regasification needs. In terms of application, segments include floating storage (FSU), floating storage and regasification (FSRU), and integrated LNG production support. FSRUs account for a significant portion of global demand due to rapid installation benefits and the ability to serve emerging gas markets without lengthy onshore construction timelines. Regionally, the market is divided into Asia-Pacific, Middle East, Europe, Africa, and Latin America. Asia-Pacific leads the deployment landscape, supported by strong LNG demand growth in India, China, and Southeast Asia. Africa and Latin America are expanding markets where floating systems are preferred for remote and under-developed coastal regions. Hull configuration segmentation includes converted LNG carriers and purpose-built units. Converted carriers remain cost- effective for mid-scale import terminals, while purpose-built units dominate high-capacity, long-term installations. End-users include national oil companies, private LNG importers, power utilities, and integrated energy companies. Utility buyers show strong interest in long-term regasification projects, while private developers increasingly deploy mid-scale units to support power generation expansion. Together, these segments define a diversified global market with increasing emphasis on modularity, deployment speed, and strategic positioning near high-growth LNG demand centers. 04

5. COMPETITIVE LANDSCAPE Database of 50+ Key Manufacturers Main Manufacturers of Floating LNG Storage Units • Hyundai Heavy Industries • Samsung Heavy Industries • Daewoo Shipbuilding & Marine Engineering • Keppel Offshore & Marine • Sembcorp Marine • China State Shipbuilding Corporation • Golar LNG 05

6. Economic Indicators & External Factors Floating LNG Storage Units demand in 2025 is influenced by global LNG trade expansion, offshore gas development, and rising energy security priorities. Higher steel and fabrication costs increased capital expenditure requirements, while currency fluctuations—particularly the Japanese yen and Korean won—affected final contract values. Interest rate adjustments raised financing costs for long-term offshore projects, influencing investment timing. Additionally, construction backlogs at major shipyards tightened supply availability, which supported persistent pricing strength. 06

7. FUTURE MARKET PROJECTIONS 07

8. STRATEGIC RECOMMENDATIONS Key Competitors Scaling Businesses Entering New Markets Launching New Products 08

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