Market Overview
Tthe worldwide LNG bunkering market is expected to increase at a CAGR of 45.13%, from $0.61 billion in 2023 to $ 12.13 billion in 2032.
The procedure of transporting LNG to a ship for its usage is known as LNG bunkering. Reduced shipping emissions, cheaper operation and cargo costs, non-toxic, and safety are just a few benefits of using LNG as a marine fuel inside the shipping...
The Rising Opportunity: LNG Bunkering Infrastructure Gaining MomentumThe shipping industry has been pushing to adopt cleaner fuels to reduce environmental impacts. As one of the cleaner burning alternatives to conventional bunker fuels like heavy fuel oil, liquefied natural gas (LNG) is gaining significant traction in the marine fuel market. LNG as a marine fuel produces virtually no sulphur...
Liquefied Natural Gas Market Report Scope & Overview:
The Liquefied Natural Gas (LNG) Market size was valued at USD 109.56 billion in 2022 and is expected to grow to USD 205.81 billion by 2030 and grow at a CAGR of 8.2 % over the forecast period of 2023-2030.
The liquefied natural gas (LNG) market is witnessing robust growth as global energy demand surges, especially in...
Emergence of LNG as Marine Fuel The marine shipping industry has seen the emergence of liquefied natural gas (LNG) as a cleaner alternative marine fuel in the past decade. With stringent regulations from International Maritime Organization (IMO) to reduce emission of sulfur oxides and particulate matter from ocean-going vessels, ship owners are exploring various options to transition to cleaner...