Press release
LNG Bunkering Market Global Demand Analysis, Detailed Regional Overview and Major Key Manufactures 2023- Skangas, Gasnor, Statoil, Barents Naturgass, Engie SA, Bomin Linde, Eni Norge, Harvey Gulf International Marine, Polskie
LNG Bunkering (Liquid Natural Gas) is an attractive alternative fuel for seagoing vessels and inland vessels, as liquefied natural gas emits fewer polluting substances. LNG is a potential substitute according to IMO emission prerequisites, owing to its negligible sulfur content and low production of NOx contrary to fuel oil and marine diesel oil. LNG is clean burning fuel coupled with financial points of interest on a calorific value basis among other fuels. LNG is a potential solution for meeting these requirements due to its negligible sulfur content, and its combustion produces low NOx compared to fuel oil and marine diesel oil. LNG is not only a cleaner-burning fuel, but has economic advantages on a calorific value basis. Even higher LNG prices in Asia-Pacific are lower than global bunker fuel prices. As a result, there have been recent developments to promote use of LNG as a bunker fuel.LNG bunkering is a practice of supplying the LNG fuel to a ship for its consumption. LNG is a cleaner fuel than conventional marine fuels, such as heavy fuel oil, marine diesel fuel, and marine gas fuels. Global concerns about air pollution, stricter regulations on chemical emissions as a result of fuel burning, and growth of the marine industry are expected to drive the demand for LNG vessel bunkering. LNG fuel, on the other hand, has low sulfur content and needs comparatively less processing to meet the sulfur content limits, and hence, will require smaller and less expensive modifications compared to conventional marine fuels. Therefore, LNG is not only expected to help meet the fuel demands of the marine industry but also the economic viability of LNG is expected to increase in comparison to conventional marine fuels, due to low desulfurization processing cost of LNG. This development is expected to drive the LNG vessel bunkering market during the forecast period. LNG transportation is costlier than liquid fuel, as it is a cryogenic fuel.
Top Manufacturer Detail-
Skangas AS, Gasnor As, Statoil ASA, Barents Naturgass As, Engie SA, Bomin Linde LNG GmbH & Co. KG, Eni Norge AS, Harvey Gulf International Marine Llc., Polskie LNG SA, and Korea Gas Corp.
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The study is a source of reliable data on:
-Key market segments and sub-segments
-Evolving market trends and dynamics
-Changing supply and demand scenarios
-Quantifying market opportunities through market sizing and market forecasting
-Tracking current trends/opportunities/challenges
-Competitive insights
-Opportunity mapping in terms of technological breakthroughs
2023 segmentation by technology, applications, and five major geographical regions. This Report covers the Major Players' data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.
Table of Contents
1 Market Definition
1.1 Market Segment Overview
1.2 by Type
1.3 by End-Use / Application
2 Global Market by Vendors
2.1 Market Share
2.2 Vendor Profile
2.3 Dynamic of Vendors
3 Global Market by Type
3.1 Market Share
3.2 Introduction of End-Use by Different Products
4 Global Market by End-Use / Application
4.1 Market Share
4.2 Overview of Consumption Characteristics
4.2.1 Preference Driven
4.2.2 Substitutability
4.2.3 Influence by Strategy
4.2.4 Professional Needs
5 Global Market by Regions
5.1 Market Share
5.2 Regional Market Growth
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 South America
5.2.5 Middle East & Africa
8 Asia-Pacific Market
8.1 by Type
8.2 by End-Use / Application
8.3 by Regions
9 South America Market
9.1 by Type
9.2 by End-Use / Application
9.3 by Regions
10 Middle East & Africa Market
10.1 by Type
10.2 by End-Use / Application
10.3 by Regions
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