Europe Liquefied Natural Gas Market Size & Outlook

The liquefied natural gas market in Europe is expected to reach a projected revenue of US$ 32,192.6 million by 2030. A compound annual growth rate of 9.5% is expected of Europe liquefied natural gas market from 2025 to 2030.
Revenue, 2024 (US$M)
$19,471.2
Forecast, 2030 (US$M)
$32,192.6
CAGR, 2025 - 2030
9.5%
Report Coverage
Europe

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Europe liquefied natural gas market, 2018-2030 (US$M)

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Europe liquefied natural gas market highlights

  • The Europe liquefied natural gas market generated a revenue of USD 19,471.2 million in 2024.
  • The market is expected to grow at a CAGR of 9.5% from 2025 to 2030.
  • In terms of segment, power generation was the largest revenue generating application in 2024.
  • Power Generation is the most lucrative application segment registering the fastest growth during the forecast period.
  • Country-wise, Italy is expected to register the highest CAGR from 2025 to 2030.


Europe data book summary

Market revenue in 2024USD 19,471.2 million
Market revenue in 2030USD 32,192.6 million
Growth rate9.5% (CAGR from 2025 to 2030)
Largest segmentPower generation
Fastest growing segmentPower Generation
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationTransportation Fuel, Power Generation
Key market players worldwideBP PLC, Chevron Corp, China Petroleum & Chemical Corp Class H, Eni, Equinor ASA, Exxon Mobil Corp, Gazprom, PetroChina Co Ltd Class H, Shell PLC, TotalEnergies SE


Other key industry trends

  • In terms of revenue, Europe region accounted for 15.9% of the global liquefied natural gas market in 2024.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 188,613.8 million by 2030.

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Liquefied Natural Gas Market Scope

Liquefied Natural Gas Market Companies

Name Profile # Employees HQ Website
Equinor ASA View profile 24467 Forusbeen 50, Stavanger, Norway, N-4035 https://www.equinor.com
Gazprom View profile 10001+ Moscow, Moscow City, Russian Federation, Europe http://www.gazprom.com
China Petroleum & Chemical Corp Class H View profile 368450 No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, China, People's Republic of, 100728 http://www.sinopec.com
PetroChina Co Ltd Class H View profile 375803 No. 9 Dongzhimen North Street, Dongcheng District, Beijing, China, People's Republic of, 100007 http://www.petrochina.com.cn
BP PLC View profile 87800 1 St James's Square, London, United Kingdom, SW1Y 4PD https://www.bp.com
Shell PLC View profile 100000 Shell Centre, London, United Kingdom, SE1 7NA https://www.shell.com
Eni View profile 10001+ Rome, Lazio, Italy, Europe http://www.eni.com/en_IT/home.html
TotalEnergies SE View profile 100000 2, Place Jean Millier, La Defense 6, Courbevoie, France, 92400 https://www.totalenergies.com
Chevron Corp View profile 45600 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 https://www.chevron.com
Exxon Mobil Corp View profile 61500 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 https://www.exxonmobil.com

Europe liquefied natural gas market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to liquefied natural gas market will help companies and investors design strategic landscapes.


Power generation was the largest segment with a revenue share of 49.51% in 2024. Horizon Databook has segmented the Europe liquefied natural gas market based on transportation fuel, power generation covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of liquefied natural gas market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe liquefied natural gas market , including forecasts for subscribers. This continent databook contains high-level insights into Europe liquefied natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe liquefied natural gas market size, by country, 2018-2030 (US$M)

Europe Liquefied Natural Gas Market Outlook Share, 2024 & 2030 (US$M)

Europe liquefied natural gas market size, by country, 2018-2030 (US$M)

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