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.
This report contains market size and forecasts of LNG Bunkering in global, including the following market information:
Global LNG Bunkering Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global LNG Bunkering Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five LNG Bunkering companies in 2021 (%)
The global LNG Bunkering market was valued at 1039.2 million in 2021 and is projected to reach US$ 2094.1 million by 2028, at a CAGR of 10.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Truck-to-Ship Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of LNG Bunkering include Gasum, Shell (Gasnor), Equinor, Barents Naturgass, Engie, Bomin and Linde, Eni Norge, Harvey Gulf and Polskie LNG, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the LNG Bunkering manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global LNG Bunkering Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global LNG Bunkering Market Segment Percentages, by Type, 2021 (%)
Truck-to-Ship
Ship-to-Ship
Port-to-Ship
Others
Global LNG Bunkering Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global LNG Bunkering Market Segment Percentages, by Application, 2021 (%)
Container Vessels
Tanker Vessels
Bulk & General Cargo Vessels
Ferries & OSV
Others
Global LNG Bunkering Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global LNG Bunkering Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies LNG Bunkering revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies LNG Bunkering revenues share in global market, 2021 (%)
Key companies LNG Bunkering sales in global market, 2017-2022 (Estimated), (K MT)
Key companies LNG Bunkering sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Gasum
Shell (Gasnor)
Equinor
Barents Naturgass
Engie
Bomin and Linde
Eni Norge
Harvey Gulf
Polskie LNG
Korea Gas Corp
Gaz Metro