Global LNG Bunkering Market Insights and Forecast to 2028

Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4) that has been converted to liquid form for ease of storage or transport.

LNG is an attractive fuel choice for many vessels because it exceeds the air quality standards set forth. It takes up about 1/600th the volume of natural gas in the gaseous state. It is odorless, colorless, non-toxic and non-corrosive. Hazards include flammability after vaporization into a gaseous state, freezing and asphyxia.

The liquefaction process involves removal of certain components, such as dust, acid gases, helium, water, and heavy hydrocarbons, which could cause difficulty downstream. The natural gas is then condensed into a liquid at close to atmospheric pressure by cooling it to approximately −162 °C (−260 °F); maximum transport pressure is set at around 25 KPa (4 psi).

LNG Bunkering is a particular type of operation where LNG fuel is transferred from a given distribution source to a LNG fuelled ship. It involves the participation of different stakeholders, from the ship-side, LNG supplier, ports, safety personnel, administrations and policy makers. In this report, LNG bunkering only refers to LNG bunkering fuel.
Market Analysis and Insights: Global LNG Bunkering Market
Due to the COVID-19 pandemic, the global LNG Bunkering market size is estimated to be worth US$ 1215.9 million in 2022 and is forecast to a readjusted size of US$ 2274.2 million by 2028 with a CAGR of 11.0% during the review period. Fully considering the economic change by this health crisis, Truck-to-Ship accounting for % of the LNG Bunkering global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Container Vessels segment is altered to an % CAGR throughout this forecast period.
The major players in global LNG Bunkering market include Skangas, Shell (Gasnor), Statoil, etc. The top 3 players occupy about 50% shares of the global market. Europe and Asia-Pacific are main markets, they occupy about 75% of the global market. Truck-to-Ship is the main type, with a share about 70%. Ferries & OSV is the main application, which holds a share about 40%.
In terms of production side, this report researches the LNG Bunkering capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of LNG Bunkering by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global LNG Bunkering Scope and Segment
LNG Bunkering market is segmented by Type and by Application. Players, stakeholders, and other participants in the global LNG Bunkering market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Truck-to-Ship
Ship-to-Ship
Port-to-Ship
Others
Segment by Application
Container Vessels
Tanker Vessels
Bulk & General Cargo Vessels
Ferries & OSV
Others
By Company
Gasum
Shell (Gasnor)
Equinor
Barents Naturgass
Engie
Bomin and Linde
Eni Norge
Harvey Gulf
Polskie LNG
Korea Gas Corp
Gaz Metro
Production by Region
North America
Europe
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE