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Growing demand for cleaner fuels: With increasing environmental concerns and stricter regulations, there is a growing demand for cleaner fuels such as LNG. Small-scale LNG is particularly attractive for use in remote areas, where it can replace diesel or heavy fuel oil for power generation, as well as in the transportation sector, where it can be used as a fuel for trucks and ships.
Increasing availability of LNG infrastructure: The development of LNG infrastructure, including small-scale liquefaction plants, storage facilities, and transportation networks, has made it easier and more cost-effective to distribute LNG to smaller markets.
Expansion of LNG export capacity: The expansion of LNG export capacity in regions such as the United States and Australia has led to a surplus of LNG, which can be used for small-scale applications.
Advancements in LNG technology: Advancements in LNG technology have made it possible to liquefy natural gas on a smaller scale, making it more accessible to smaller markets.
Emergence of new players: The small-scale LNG market has attracted new players, including small-scale liquefaction companies, shipping companies, and logistics providers, who are investing in the development of small-scale LNG infrastructure and services.
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