LNG Bunkering Market : Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2014 - 2025
93 Page Report
Global LNG Bunker Fuel Consumption and Market Revenue is
estimated to reach 22,540 kilo tons and USD 11,775.4 million by
Transparency Market Research
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LNG Bunkering Market
Transparency Market Research has released a new market report titled LNG Bunkering Market: Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2014 - 2025. According to the report, the global consumption of bunker fuel
stood at 70 kilo tons in 2013 and is expected to reach 22,540 kilo tons in 2025 at a CAGR of 63.6% from 2014 to 2025.
Browse: LNG Bunker Fuel Market Report at :
LNG is an attractive bunker fuel option for many shipping companies operating in the Emission Control Areas (ECAs). The
price of LNG bunker fuel is significantly lower than any other ECA complaint fuels available in North America and Europe.
However, the development of LNG bunkering infrastructure is restricted to a few countries in Northern Europe such as
Norway and Sweden. LNG bunkering infrastructure has only developed in ports around the Baltic Sea, North Sea, and
English Channel, as shipping companies operating in these areas face stiff sulfur regulations. An anticipated tightening of
sulfur emission norms and a widening gap between natural gas prices and other conventional fuels are major drivers for
the development of LNG bunkering infrastructure in these regions. Natural gas providers are gradually expected to
increase investments in LNG bunkering facilities as several ship owners have taken...