LNG Bunkering Market
                     Global LNG Bunkering Market Review Report with Trends and Opportunity 
Forecast till 2026
Global LNG Bunkering - Insights
Bunkering is the process of transferring fuel to a vessel or a facility in the form of conventional 
marine fuels or LNG. The density of LNG is around half that of heavy fuel oil. This translates to 
around 1.8 times LNG needing to be bunkered to obtain same range in comparison to bunkering 
heavy fuel oil.
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Increasing number of vessels or ships are using LNG owing to the need for cleaner fuels coupled 
with stringent government regulations to reduce chemical emissions. This in turn is expected to 
drive growth of the LNG bunkering market. For instance, a regulation passed by the International
Maritime Organization (IMO) in 2012, stated that ships must reduce their sulfur content in fuel 
from 4.5% to 3.5%. Various end users are increasingly inclined towards replacing conventional 
fuels such as natural gas with LNG, given its significant cost advantage over the former. LNG has
high combustion efficiency, is easy to redeploy, and is of lower volume than natural gas, 
translating in easier and relatively cost effective transportation and storage of the same. This has 
led to rampant adoption of LNG across various industries, leading to commissioning of various 
new LNG plants worldwide, in turn creating a highly conducive market for LNG bunkering.
Ship-to-ship LNG bunkering is projected to be the fastest growing segment over the forecast 
period. This is attributed to its advantages such as quick transfer operations and high capacity of 
700-7500 tons. Moreover, ship-to-ship operations are feasible for all types of vessels. In 2017, the
Port of Gothenburg, Europe, conducted its first ship bunkering using liquefied natural gas.
Offshore support vessel segment dominated the global LNG bunkering market in 2016, owing to it
being relatively cost effective in terms of offshore exploration and production activities. In 2013, 
Harvey Gulf Marine Company invested US$ 400 million to operate and build LNG offshore 
support vessels and two LNG fueling docks with 0.27 million gallons of LNG storage and capacity
of transferring 500 gallons of fuel per minute.
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Europe was the largest revenue contributor to the global market in 2016, accounting for 42.17% 
share. This is due to presence of largest bunkering hub, Norway in the region, as it offers over 
18,000 LNG bunker stations. Moreover, rising concerns for minimizing the environmental impact 
and augmenting investments towards rebuilding and upgrading LNG infrastructure is anticipated to
further boost growth of LNG bunkering market in Europe. In 2017, the European Union (EU) 
member states approved the European Commission’s proposal of investing US$ 24.18 million to 
support seven actions for developing efficient and sustainable transport and energy infrastructure 
including that for LNG bunkering.
The major players in the global LNG bunkering market include Royal Dutch Shell Plc., Skangas, 
ENN Energy, Korea Gas Corporation, Prima LNG, Harvey Gulf International Marine LLC, Bomin 
Linde LNG GmbH & Co KG, Fjord Line, Crowley Maritime Corporation, and Polskie LNG.
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