India LNG Bunkering Market is expected to register a CAGR of 32% through 2030F

The India LNG bunkering market is rising due to increasing regulatory pressure for cleaner marine fuels and significant investments in LNG infrastructure to support growing shipping and maritime activities in the forecast period 2026-2030F.

According to TechSci Research report, “India LNG Bunkering Market - By Region, Competition Forecast & Opportunities 2030F”, India LNG Bunkering Market was valued at USD 125 Million in 2024 and is expected to reach at USD 667 Million in 2030 and project robust growth in the forecast period with a CAGR of 32% through 2030. The growing maritime and shipping activity in India is a significant driver for the LNG bunkering market. India’s strategic location along major international shipping routes and its expanding trade activities contribute to an increased demand for maritime fuel. As shipping volumes rise, so does the need for cleaner, more efficient fuel options to comply with international environmental standards. The expansion of port facilities and the growth of industrial hubs along India’s coastline further drive the demand for LNG. The increasing number of new vessels being commissioned, many of which are being built with LNG-ready engines, enhances the need for LNG bunkering services. This expansion in maritime and shipping activities necessitates the development of comprehensive LNG bunkering infrastructure to meet the rising demand, thus driving market growth and creating opportunities for stakeholders in the LNG supply chain.

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The North Region of India is emerging as the fastest-growing segment in the country’s LNG bunkering market due to a confluence of strategic, economic, and regulatory factors. This region, encompassing key states such as Gujarat, Maharashtra, and parts of Uttar Pradesh, benefits from its strategic geographical location along major inland waterways and close proximity to international maritime routes. Gujarat, in particular, with its extensive coastline and well-developed port infrastructure, serves as a pivotal hub for LNG import and distribution. The presence of major ports like Kandla and Mundra facilitates efficient LNG handling and bunkering operations, positioning the North Region as a critical node in India’s LNG supply chain. Economic drivers also contribute to the region's rapid growth. The North Region has witnessed substantial industrial development and increased shipping activities, creating a rising demand for cleaner marine fuels. As industries in the region expand, the need for sustainable and cost-effective fuel solutions becomes more pronounced. LNG, with its lower emissions compared to traditional marine fuels, aligns well with both environmental goals and cost considerations. This growing industrial base, coupled with increasing shipping traffic, spurs demand for LNG bunkering services. Regulatory and policy frameworks play a crucial role in accelerating the LNG bunkering market in North India. The central and state governments have introduced various policies and incentives to promote the use of cleaner fuels and enhance maritime infrastructure. For instance, the Indian government’s focus on reducing carbon emissions and complying with international maritime regulations drives the adoption of LNG as a preferred fuel. Additionally, infrastructural investments supported by government initiatives, such as the development of LNG terminals and bunkering facilities, enhance the operational efficiency and attractiveness of the region. The North Region benefits from improved connectivity and logistical support, which bolster its position in the LNG market. The development of pipelines and transport networks ensures a seamless supply chain from LNG import terminals to bunkering stations. This infrastructure development enhances the reliability and availability of LNG, making it a more viable option for shipping companies operating in the region. The growing collaboration between international LNG suppliers and local stakeholders also contributes to the region’s rapid market expansion. Partnerships and joint ventures facilitate the establishment of advanced bunkering infrastructure and support the adoption of best practices in LNG handling and distribution.

Based on Ship Type, the tankers segment dominated the India LNG bunkering market and is projected to maintain its leading position throughout the forecast period. Tankers, including those used for transporting crude oil and liquefied natural gas, represent a substantial portion of maritime fuel consumption due to their large-scale operations and significant fuel requirements. As India expands its LNG infrastructure to comply with stricter environmental regulations, tankers are increasingly adopting LNG as a cleaner alternative to traditional marine fuels. The sector's adoption of LNG is driven by its need to meet global emissions standards, which mandate lower sulfur and nitrogen oxide emissions. Tankers are uniquely suited to benefit from LNG due to their extended voyages and large fuel capacities, which make the economic and environmental advantages of LNG particularly pronounced. The Indian government’s push towards sustainable fuels and investments in LNG bunkering infrastructure at major ports further supports this trend. Additionally, as the global maritime industry transitions towards cleaner fuels, tankers are expected to lead this shift given their high fuel consumption and operational scale. Consequently, the tankers segment's dominant position in the LNG bunkering market is likely to persist, driven by regulatory pressures, technological advancements, and ongoing infrastructure development aimed at enhancing the efficiency and availability of LNG as a marine fuel.

Key market players in the India LNG Bunkering Market are: -

• Petronet LNG Ltd
• Bunker Holding A/S
• Bharat Petroleum Corporation Limited
• H-Energy Pvt. Ltd
• Indian Oil Corporation Limited
• Shell PLC
• TotalEnergies SE
• Exxon Mobil Corporation
• Chevron Corporation
• Engie SA

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“The India LNG bunkering market presents several growth opportunities. As the country enhances its maritime infrastructure and regulatory frameworks, there is a significant potential for investment in LNG refueling stations and technologies. The shift towards cleaner marine fuels, driven by stringent emission regulations and global sustainability trends, positions LNG as a preferred alternative for shipping companies. India's strategic location along major shipping routes further amplifies its appeal as a key LNG bunkering hub. Additionally, government initiatives promoting cleaner energy solutions and infrastructure development create a favorable environment for market expansion. Collaborations between international LNG suppliers and local stakeholders can facilitate the establishment of efficient bunkering networks, driving market growth and positioning India as a pivotal player in the global LNG bunkering sector.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global management consulting firm.

“India LNG Bunkering Market By Ship Type (Container Ships, Tankers, Bulk Carriers, Passenger Ships), By End-User (Tanker Fleet, Container Fleet, Bulk & General Cargo Fleet, Ferries & OSV, Others), By Region, Competition, Forecast and Opportunities 2020-2030F” has evaluated the future growth potential of India LNG Bunkering Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India LNG Bunkering Market.

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