Global LNG Bunkering Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Published - May 2019 | Category - Energy and Power | No. of Pages - 144 | Published By - EMR

The Global LNG Bunkering Market is expected to increase from USD 825 million in 2016, to USD 24684.68 million in 2024, at a Whopping CAGR of 62.50 %from 2018 to 2024.

LNG Bunkering is the practice of providing liquefied natural gas fuel to a ship for its own consumption. The advantage that LNG as a fuel provides is the vast reduction in pollutant caused by the traditional method of fuelling ships. LNG is a potential solution for meeting the clean fuel requirements due to its negligible sulfur content, and its combustion produces low NOx compared to fuel oil and marine diesel oil. The bunker fuel is mostly used by the marine vessels such as bulk and general cargo vessels, tankers, container ships, offshore port vessels, and ferries. The challenges that LNG bunkering market today face is slow infrastructure development, the regulatory landscape and competition from alternative fuels.

Global LNG Bunkering Market Major Key Players:
Gazprom Neft PJSC
Korea Gas Corporation
Royal Dutch Shell
Prima LNG
Fjord Line
ENN Energy
Eagle LNG


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