The Rapidly Growing LNG Bunkering Market is driven by Environmental Regulations
The LNG bunkering market is witnessing significant growth due to the usage of cleaner fuel alternative in shipping and transportation sectors. Liquefied natural gas (LNG) as bunker fuel is a readily available, economical and environment-friendly alternate fuel for marine and inland vessels. The global consumption of LNG as bunker fuel is increasing rapidly as it reduces emissions of nitrogen oxides (NOx), sulfur oxides (SOx), particulate matter and greenhouse gases significantly compared to conventional petroleum-based bunker fuels.
The Global LNG Bunkering Market is estimated to be valued at USD 1.62 Bn in 2025 and is expected to exhibit a CAGR of 30.5% over the forecast period 2025 to 2032.
Key Takeaways
Key players operating in the LNG bunkering market are Royal Dutch Shell PLC, Korea Gas Corporation, ENGIE SA, Skangas AS, Gasum Oy, Total S.A., ENN Energy Holdings Limited, Crowley Maritime Corporation, Bomin Linde LNG GmbH & Co. KG, Harvey Gulf International Marine LLC, Fjord Line AS.
The demand for LNG as a bunker fuel is growing significantly owing to the international regulations to reduce emissions from ships and stringent sulphur limits imposed on fuel oil used in the shipping industry. The International Maritime Organization's 2020 ruling to limit sulphur content in marine fuels to 0.5% globally has further boosted the adoption of LNG as bunker fuel worldwide.
Major companies dealing in LNG bunkering Market Outlook are focusing on expanding their global footprint to tap the opportunities in new markets. They are actively collaborating to develop common infrastructure and technical standards including bunkering protocols, technical regulations and recommendations to promote the widespread use of LNG as a marine fuel globally.
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