LNG Bunkering Market Size and Forecast 2028

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 651 Million
CAGR (2024-2029)	46.8%
Fastest Growing Segment	Container Fleet
Largest Market	Europe

Market Overview

Global LNG Bunkering Market was valued at USD 651 Million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 46.8% through 2029. The Global LNG (Liquefied Natural Gas) Bunkering has experienced substantial growth in recent years, largely attributed to the maritime sector's shift towards cleaner fuel options. LNG bunkering, the process of supplying LNG fuel to ships for propulsion, has gained prominence as a viable alternative to traditional marine fuels due to its lower emissions profile. Stricter environmental regulations, particularly those limiting sulfur emissions, have driven the demand for LNG as a cleaner-burning fuel in the shipping . This transition aligns with global efforts to curb greenhouse gas emissions and reduce air pollution from vessels, positioning LNG as a preferred choice for ship operators worldwide. Moreover, the scalability and relative abundance of LNG supply, along with advancements in infrastructure and bunkering technology, have further propelled the market's expansion. The increasing availability of LNG bunkering infrastructure across key maritime hubs has facilitated the adoption of LNG as a marine fuel, fostering a positive outlook for the continued growth and market penetration in the years ahead.

Key Market Drivers

Environmental Regulations Driving Adoption

The Global LNG Bunkering growth is significantly propelled by stringent environmental regulations mandating reduced emissions in the maritime sector. The International Maritime Organization's (IMO) sulfur cap regulations, notably the IMO 2020 sulfur limit, limit the sulfur content in marine fuels to 0.5%, compelling ship operators to seek cleaner fuel alternatives. LNG emerges as a frontrunner due to its inherent low sulfur content and substantial emissions reduction, offering a viable solution to comply with these regulations. Additionally, LNG combustion produces significantly lower levels of nitrogen oxides (NOx) and particulate matter, further aligning with regulatory directives targeting air quality improvements. The imperative for the shipping to adhere to these stringent emission standards has created a compelling incentive to adopt LNG bunkering, positioning it as a pivotal driver in the expansion.

Cost Efficiency and Price Stability

Another key driver fuelling the growth of the Global LNG Bunkering is the perceived cost efficiency and price stability of LNG compared to conventional marine fuels. While the initial infrastructure investments for LNG bunkering may be substantial, the long-term operational cost advantages are notable. LNG prices have historically exhibited greater stability compared to traditional marine fuels, particularly during volatile oil market conditions. Additionally, advancements in LNG production and supply chain logistics have contributed to cost reductions, making LNG a competitive and economically appealing option for shipowners and operators. The potential for long-term cost savings, coupled with relatively stable pricing trends, encourages further adoption of LNG bunkering across the maritime .

Emission Reduction Targets and Sustainability

The Global LNG Bunkering is being driven by the shipping commitment to achieving emission reduction targets and fostering sustainability. As global efforts intensify to combat climate change, reducing carbon dioxide (CO2) emissions from shipping becomes paramount. LNG offers a pathway to achieving these goals, as it emits fewer greenhouse gases compared to traditional marine fuels. The prospect of meeting stringent carbon reduction targets, such as those outlined in the IMO's initial strategy on the reduction of GHG emissions from ships, incentivizes the adoption of LNG bunkering. Moreover, LNG's compatibility with renewable or bio-derived sources further positions it as a transitional fuel towards achieving decarbonization objectives in the maritime sector.

Infrastructure Development and Accessibility

The expansion of LNG bunkering infrastructure and its accessibility at key maritime hubs globally serves as a significant driver for the growth. The establishment of bunkering infrastructure, including LNG terminals and fueling stations, has been pivotal in facilitating the supply chain for LNG as a marine fuel. Key ports and strategic locations have witnessed substantial investments in bunkering infrastructure, enhancing the availability and accessibility of LNG for vessels. This infrastructure development has eased concerns regarding the availability of bunkering facilities, encouraging shipowners to consider LNG-powered vessels and promoting the broader adoption of LNG bunkering in the maritime .

Technological Advancements and Innovation

Advancements in bunkering technology and vessel design tailored for LNG propulsion are driving the growth of the Global LNG Bunkering . Ongoing research and development efforts have led to innovations in LNG storage and handling systems, improving safety standards and operational efficiency. Innovative vessel designs optimized for LNG propulsion, such as LNG-powered engines and dual-fuel engines, have demonstrated enhanced performance and reliability, contributing to the confidence in adopting LNG as a marine fuel. The continuous evolution of technology aimed at optimizing LNG bunkering processes and addressing operational challenges further solidifies LNG's position as a viable and attractive alternative fuel in the maritime sector.

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Key Market Challenges

Infrastructural Limitations and Investment

One significant challenge facing the Global LNG Bunkering is the need for extensive infrastructure development and substantial investment to support widespread adoption. Establishing LNG bunkering infrastructure involves considerable capital investment, including the construction of terminals, storage facilities, and bunkering stations. While progress has been made in developing infrastructure at key ports and maritime hubs, the pace and scale of expansion may not match the growing demand for LNG bunkering services. Moreover, the uncertainty surrounding future demand for LNG as a marine fuel complicates the decision-making process for investors, potentially hindering the necessary investments required for robust infrastructure. The faces a challenge in ensuring that adequate infrastructure is in place to support the increasing demand for LNG bunkering while balancing the risk associated with substantial capital investments.

Regulatory and Policy Uncertainty

A significant challenge for the Global LNG Bunkering pertains to regulatory and policy uncertainties, which can impact market dynamics and investment decisions. While environmental regulations promoting cleaner fuels have driven the adoption of LNG bunkering, the evolving nature of regulatory frameworks introduces uncertainties for stakeholders. Potential changes in emissions standards, tax incentives, or future regulations aimed at reducing greenhouse gas emissions may impact the attractiveness of LNG as a marine fuel. Uncertainty surrounding future regulatory developments poses challenges for long-term planning and investment in LNG bunkering infrastructure and technology. participants must navigate this landscape of evolving regulations and policies to anticipate and adapt to potential changes that could influence the market's growth trajectory.

LNG Price Volatility and Competitiveness

The volatility of LNG prices and its impact on the competitiveness of LNG bunkering present another significant challenge for the . While LNG historically exhibits greater price stability compared to traditional marine fuels, market fluctuations and supply-demand dynamics can still lead to price volatility. Fluctuations in LNG prices may affect the cost competitiveness of LNG as a marine fuel, potentially impacting the economic viability of LNG-powered vessels compared to conventional fuel alternatives. Additionally, uncertainties regarding long-term LNG pricing and the correlation with oil prices add complexity to investment decisions and hinder the ability of stakeholders to forecast operational costs accurately. Achieving cost parity and ensuring the economic feasibility of LNG bunkering amidst price volatility remains a pressing challenge for stakeholders.

Technological Maturity and Standardization

The Global LNG Bunkering faces challenges associated with the technological maturity and standardization of LNG bunkering processes and equipment. While advancements have been made in LNG bunkering technologies, achieving standardization and ensuring compatibility across different bunkering facilities, vessels, and equipment remains a concern. Variations in LNG bunkering protocols, safety standards, and infrastructure configurations among different regions or ports may hinder seamless operations and create interoperability challenges. Additionally, ensuring the reliability and safety of LNG bunkering operations necessitates standardized procedures, training, and certifications for personnel involved. Enhancing technological maturity, establishing wide standards, and promoting interoperability are crucial aspects that the must address to facilitate the widespread adoption and smooth functioning of LNG bunkering operations globally.

Key Market Trends

Growing Demand for LNG-Powered Vessels

One prominent market trend in the Global LNG Bunkering is the increasing demand for LNG-powered vessels across various segments of the maritime . Shipowners and operators are increasingly opting for LNG as a marine fuel, driven by its environmental advantages and regulatory compliance requirements. The demand for LNG-fueled ships spans diverse categories, including container ships, bulk carriers, tankers, and cruise ships. This surge in demand is fueled by a concerted effort to reduce emissions and improve sustainability in maritime transportation. The shift toward LNG-powered vessels is expected to continue as the seeks cleaner and more efficient alternatives to traditional fuels. This trend is further supported by advancements in LNG propulsion technology, making it an attractive and feasible option for both retrofitting existing vessels and constructing new LNG-powered ships.

Expansion of LNG Bunkering Infrastructure

A notable market trend shaping the Global LNG Bunkering is the rapid expansion of LNG bunkering infrastructure worldwide. Key ports and strategic maritime hubs are witnessing substantial investments in bunkering facilities, including LNG terminals, storage tanks, and dedicated bunkering vessels. This infrastructure expansion is crucial to meet the increasing demand for LNG as a marine fuel and facilitate seamless bunkering operations for LNG-powered vessels. Furthermore, collaborations among stakeholders, including port authorities, energy companies, and shipping firms, are driving the development of comprehensive bunkering networks. The establishment of LNG bunkering infrastructure at critical ports enhances accessibility and reliability, fostering a conducive environment for the widespread adoption of LNG bunkering across different regions.

Emergence of Small-Scale LNG Bunkering

An emerging trend in the Global LNG Bunkering is the development of small-scale LNG bunkering solutions to cater to the needs of smaller vessels and niche markets. Small-scale LNG bunkering addresses the demand for LNG as a marine fuel in regions where large-scale infrastructure might not be economically feasible or where vessels have specific operational requirements. These solutions encompass portable bunkering systems, truck-to-ship bunkering, and flexible bunkering arrangements that cater to smaller vessels, such as ferries, tugboats, and offshore support vessels. The flexibility and adaptability of small-scale LNG bunkering solutions are increasingly gaining traction, offering cost-effective and efficient refueling options for a diverse range of vessels operating in various capacities.

Integration of LNG with Alternative Energy Sources

A significant trend influencing the Global LNG Bunkering is the integration of LNG with alternative energy sources to create more sustainable and versatile propulsion solutions. Hybridization and the combination of LNG with other renewable or low-carbon energy sources, such as hydrogen or batteries, are gaining attention as a means to further reduce emissions and enhance vessel efficiency. This trend aligns with the pursuit of innovative solutions to achieve decarbonization goals while maintaining operational flexibility and reliability. The integration of LNG with alternative fuels or energy storage systems represents a forward-looking approach to propel vessels towards greater environmental sustainability and energy efficiency.

Market Collaboration and Partnerships

Collaborations and strategic partnerships among stakeholders are increasingly shaping the Global LNG Bunkering . Collaborative initiatives involving shipowners, energy companies, port authorities, and technology providers play a pivotal role in advancing LNG bunkering infrastructure, standardizing procedures, and promoting market growth. Partnerships facilitate knowledge sharing, investment pooling, and risk mitigation, fostering a conducive environment for wide expansion. Joint ventures and alliances among key players aim to accelerate the development of LNG bunkering infrastructure, enhance operational efficiency, and address challenges associated with the adoption of LNG as a marine fuel. This trend emphasizes the significance of collaboration as a catalyst for the sustainable growth and widespread adoption of LNG bunkering in the maritime sector.

Segmental Insights

End-use Insights

The cruise ship segment emerged as the dominant end-use segment within the Global LNG Bunkering and is projected to maintain its dominance throughout the forecast period. The cruise ship has been increasingly inclined towards adopting LNG as a marine fuel due to its substantial environmental advantages and regulatory compliance requirements. The segment's dominance is propelled by the commitment to reducing emissions and enhancing sustainability in maritime transportation. Cruise ships, known for their size and global voyages, face heightened scrutiny regarding environmental impact, prompting cruise companies to invest significantly in LNG-powered vessels. The inherent environmental benefits of LNG, including lower emissions of sulfur oxides (SOx), nitrogen oxides (NOx), and particulate matter, align perfectly with the objectives to minimize its carbon footprint. Moreover, the appeal of LNG-powered cruise ships extends beyond environmental compliance; these vessels offer operational efficiency and passenger comfort, further incentivizing their adoption. The availability of bunkering infrastructure at major cruise ports and the commitment of cruise operators to greener practices reinforce the segment's dominance. With sustained commitments to environmental stewardship, stringent emissions regulations, and ongoing investments in LNG-powered vessels within the cruise ship sector, this segment is expected to maintain its leading position in the Global LNG Bunkering in the foreseeable future.

Application Insights

The various segments within the Global LNG Bunkering , the container fleet emerged as the dominant segment and is poised to maintain its dominance throughout the forecast period. The container fleet segment experienced remarkable growth, primarily driven by the stringent environmental regulations governing emissions in the shipping and the substantial push for sustainability. Container vessels are integral to global trade and logistics, making up a significant portion of the maritime fleet. The emphasis on reducing emissions from these vessels has led to increased adoption of LNG as a marine fuel due to its lower environmental impact compared to traditional fuels. Moreover, major shipping companies operating container fleets have actively invested in LNG-powered vessels or retrofitted existing ones to comply with emissions standards and gain a competitive edge. The scalability and operational efficiency of LNG-fueled container ships, combined with the growing availability of LNG bunkering infrastructure at key ports and terminals, have further bolstered the dominance of this segment. The forecasted consistency in this dominance is underpinned by sustained efforts toward greener shipping practices, continued regulatory support for cleaner fuels, and ongoing investments by container fleet operators in LNG-powered vessels. As the focus on environmental sustainability intensifies and the drive for emission reduction persists, the container fleet segment is expected to maintain its pivotal position within the Global LNG Bunkering , showcasing a sustained dominance in the foreseeable future.

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Regional Insights

Europe emerged as the dominant region in the Global LNG Bunkering and is anticipated to maintain its dominance through the forecast period. Europe's leading position is driven by several key factors, including proactive regulatory measures favoring cleaner fuels, substantial investments in LNG infrastructure, and a robust maritime keen on adopting sustainable practices. The region has been at the forefront of promoting LNG as a marine fuel, aligning with stringent emission regulations set by the European Union (EU) to reduce air pollutants and greenhouse gas emissions from maritime transport. Major European ports, including Rotterdam, Zeebrugge, and others, have witnessed significant investments in LNG bunkering infrastructure, enabling efficient and widespread availability of LNG as a marine fuel. Moreover, various initiatives and funding support from governmental bodies and collaborations have accelerated the development of comprehensive LNG bunkering networks across key European maritime hubs. The region's commitment to sustainability, coupled with a strong infrastructure foundation and a proactive stance on emissions reduction, positions Europe to maintain its dominance in the Global LNG Bunkering . Additionally, the region's strategic geographical location for trade routes and its focus on environmental stewardship reinforce the expectation that Europe will continue leading the way in LNG bunkering adoption and infrastructure development, sustaining its dominance in the in the coming years.

Recent Developments

In January 2022, Fincantieri Bay Shipbuilding, a shipbuilder based in the United States, initiated the construction of the largest LNG bunkering barge in the country. This barge, measuring 126.8 meters in length, is designed to hold 12,000 cubic meters of LNG. The project is anticipated to be finalized by 2023.
In April 2021, Wison Offshore & Marine (Wison) secured the Front-End Engineering Development (FEED) contract for Pilot LNG's Galveston LNG Bunker Port project in Canada, aiming to commence operations in 2024.

Key Market Players

Royal Dutch Shell plc
Exxon Mobil Corporation
TotalEnergies SE
BP plc
ENGIE SA
Gasum Oy
Skangas AS (now Gasum)
Eni S.p.A.
Equinor ASA
Kawasaki Kisen Kaisha, Ltd.

By End-use	By Application	By Region
Ferries Cruise-Ships Bulk and General Cargo Fleet Offshore Support Vessels Tanker Fleet	Container Fleet Tanker Fleet Cargo Fleet Inland Vessels	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global LNG Bunkering Market has been segmented into the following categories, in addition to the trends which have also been detailed below:

LNG Bunkering Market, By End-use:

o Ferries

o Cruise-Ships

o Bulk and General Cargo Fleet

o Offshore Support Vessels

o Tanker Fleet

LNG Bunkering Market, By Application:

o Container Fleet

o Tanker Fleet

o Cargo Fleet

o Ferries

o Inland Vessels

LNG Bunkering Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

§ Indonesia

§ Vietnam

o South America

§ Brazil

§ Argentina

§ Colombia

§ Chile

§ Peru

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Turkey

§ Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global LNG Bunkering Market.

Available Customizations:

Global LNG Bunkering market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

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Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Formulation of the Scope

2.4. Assumptions and Limitations

2.5. Sources of Research

2.5.1. Secondary Research

2.5.2. Primary Research

2.6. Approach for the Market Study

2.6.1. The Bottom-Up Approach

2.6.2. The Top-Down Approach

2.7. Methodology Followed for Calculation of Market Size & Market Shares

2.8. Forecasting Methodology

2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Impact of COVID-19 on Global LNG Bunkering Market

5. Voice of Customer

6. Global LNG Bunkering Market Overview

7. Global LNG Bunkering Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Application (Container Fleet, Tanker Fleet, Cargo Fleet, Ferries, and Inland Vessels)

7.2.2. By End-use (Ferries, Cruise-Ships, Bulk and General Cargo Fleet, Offshore Support Vessels, and Tanker Fleet)

7.2.3. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3. By Company (2023)

7.4. Market Map

8. North America LNG Bunkering Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Application

8.2.2. By End-use

8.2.3. By Country

8.3. North America: Country Analysis

8.3.1. United States LNG Bunkering Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Application

8.3.1.2.2. By End-use

8.3.2. Canada LNG Bunkering Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Application

8.3.2.2.2. By End-use

8.3.3. Mexico LNG Bunkering Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Application

8.3.3.2.2. By End-use

9. Europe LNG Bunkering Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Application

9.2.2. By End-use

9.2.3. By Country

9.3. Europe: Country Analysis

9.3.1. Germany LNG Bunkering Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Application

9.3.1.2.2. By End-use

9.3.2. France LNG Bunkering Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Application

9.3.2.2.2. By End-use

9.3.3. United Kingdom LNG Bunkering Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Application

9.3.3.2.2. By End-use

9.3.4. Italy LNG Bunkering Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Application

9.3.4.2.2. By End-use

9.3.5. Spain LNG Bunkering Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Application

9.3.5.2.2. By End-use

9.3.6. Belgium LNG Bunkering Market Outlook

9.3.6.1. Market Size & Forecast

9.3.6.1.1. By Value

9.3.6.2. Market Share & Forecast

9.3.6.2.1. By Application

9.3.6.2.2. By End-use

10. South America LNG Bunkering Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Application

10.2.2. By End-use

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil LNG Bunkering Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Application

10.3.1.2.2. By End-use

10.3.2. Colombia LNG Bunkering Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Application

10.3.2.2.2. By End-use

10.3.3. Argentina LNG Bunkering Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Application

10.3.3.2.2. By End-use

10.3.4. Chile LNG Bunkering Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Application

10.3.4.2.2. By End-use

10.3.5. Peru LNG Bunkering Market Outlook

10.3.5.1. Market Size & Forecast

10.3.5.1.1. By Value

10.3.5.2. Market Share & Forecast

10.3.5.2.1. By Application

10.3.5.2.2. By End-use

11. Middle East & Africa LNG Bunkering Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Application

11.2.2. By End-use

11.2.3. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia LNG Bunkering Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Application

11.3.1.2.2. By End-use

11.3.2. UAE LNG Bunkering Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Application

11.3.2.2.2. By End-use

11.3.3. South Africa LNG Bunkering Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Application

11.3.3.2.2. By End-use

11.3.4. Turkey LNG Bunkering Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Application

11.3.4.2.2. By End-use

11.3.5. Israel LNG Bunkering Market Outlook

11.3.5.1. Market Size & Forecast

11.3.5.1.1. By Value

11.3.5.2. Market Share & Forecast

11.3.5.2.1. By Application

11.3.5.2.2. By End-use

12. Asia Pacific LNG Bunkering Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Share & Forecast

12.2.1. By Application

12.2.2. By End-use

12.2.3. By Country

12.3. Asia-Pacific: Country Analysis

12.3.1. China LNG Bunkering Market Outlook

12.3.1.1. Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2. Market Share & Forecast

12.3.1.2.1. By Application

12.3.1.2.2. By End-use

12.3.2. India LNG Bunkering Market Outlook

12.3.2.1. Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2. Market Share & Forecast

12.3.2.2.1. By Application

12.3.2.2.2. By End-use

12.3.3. Japan LNG Bunkering Market Outlook

12.3.3.1. Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2. Market Share & Forecast

12.3.3.2.1. By Application

12.3.3.2.2. By End-use

12.3.4. South Korea LNG Bunkering Market Outlook

12.3.4.1. Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2. Market Share & Forecast

12.3.4.2.1. By Application

12.3.4.2.2. By End-use

12.3.5. Australia LNG Bunkering Market Outlook

12.3.5.1. Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2. Market Share & Forecast

12.3.5.2.1. By Application

12.3.5.2.2. By End-use

12.3.6. Indonesia LNG Bunkering Market Outlook

12.3.6.1. Market Size & Forecast

12.3.6.1.1. By Value

12.3.6.2. Market Share & Forecast

12.3.6.2.1. By Application

12.3.6.2.2. By End-use

12.3.7. Vietnam LNG Bunkering Market Outlook

12.3.7.1. Market Size & Forecast

12.3.7.1.1. By Value

12.3.7.2. Market Share & Forecast

12.3.7.2.1. By Application

12.3.7.2.2. By End-use

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

15.1. Royal Dutch Shell plc

15.1.1. Business Overview

15.1.2. Key Revenue and Financials

15.1.3. Recent Developments

15.1.4. Key Personnel/Key Contact Person

15.1.5. Key Product/Services Offered

15.2. Exxon Mobil Corporation

15.2.1. Business Overview

15.2.2. Key Revenue and Financials

15.2.3. Recent Developments

15.2.4. Key Personnel/Key Contact Person

15.2.5. Key Product/Services Offered

15.3. Total Energies SE

15.3.1. Business Overview

15.3.2. Key Revenue and Financials

15.3.3. Recent Developments

15.3.4. Key Personnel/Key Contact Person

15.3.5. Key Product/Services Offered

15.4. BP plc

15.4.1. Business Overview

15.4.2. Key Revenue and Financials

15.4.3. Recent Developments

15.4.4. Key Personnel/Key Contact Person

15.4.5. Key Product/Services Offered

15.5. ENGIE SA

15.5.1. Business Overview

15.5.2. Key Revenue and Financials

15.5.3. Recent Developments

15.5.4. Key Personnel/Key Contact Person

15.5.5. Key Product/Services Offered

15.6. Gasum Oy

15.6.1. Business Overview

15.6.2. Key Revenue and Financials

15.6.3. Recent Developments

15.6.4. Key Personnel/Key Contact Person

15.6.5. Key Product/Services Offered

15.7. Skangas AS (now Gasum)

15.7.1. Business Overview

15.7.2. Key Revenue and Financials

15.7.3. Recent Developments

15.7.4. Key Personnel/Key Contact Person

15.7.5. Key Product/Services Offered

15.8. Eni S.p.A.

15.8.1. Business Overview

15.8.2. Key Revenue and Financials

15.8.3. Recent Developments

15.8.4. Key Personnel/Key Contact Person

15.8.5. Key Product/Services Offered

15.9. Equinor ASA

15.9.1. Business Overview

15.9.2. Key Revenue and Financials

15.9.3. Recent Developments

15.9.4. Key Personnel/Key Contact Person

15.9.5. Key Product/Services Offered

15.10. Kawasaki Kisen Kaisha, Ltd.

15.10.1. Business Overview

15.10.2. Key Revenue and Financials

15.10.3. Recent Developments

15.10.4. Key Personnel/Key Contact Person

15.10.5. Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global LNG Bunkering Market in 2023?

The market size of the Global LNG Bunkering Market was USD 651 Million in 2023.

Which was the dominant segment by End-use in the Global LNG Bunkering Market in 2023?

The dominant segment by End-use in the Global LNG Bunkering Market in 2023 was Cruise-Ships.

Which is the dominant region in the Global LNG Bunkering Market?

Europe stands as the dominant region in the Global LNG Bunkering Market.

What are the major drivers for the Global LNG Bunkering Market?

The major drivers for the Global LNG Bunkering include stringent environmental regulations favoring cleaner fuels, cost efficiencies and price stability of LNG, emission reduction targets, infrastructure development, and technological advancements in bunkering technology

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Parvati Sharma

Account Manager BD

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Press Release

LNG Bunkering Market is expected to register a CAGR of 46.8% during the forecast period

Feb, 2024

The Global LNG Bunkering Market is rising due to increasing environmental regulations favoring cleaner fuel alternatives in the shipping in the forecast 2025-2029

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