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LNG bunker market players need to make hay while the sun shines [Gas in Transition]

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LNG bunker market players need to make hay while the sun shines [Gas in Transition]

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Natural Gas News
LNG bunker market players need to make hay while the sun shines [Gas in Transition]

Summary

The market for the cleaner burning but not quite zero-emissions fuel is promising. However rapid new developments in the shipping decarbonisation space make forecasting tricky and investors will need to stay nimble to do well. [Gas in Transition, Volume 3, Issue 11] by: Vincent Wee

What was previously a chicken and the egg situation is now rapidly evolving to become a much more viable proposition as LNG bunkering becomes practically mainstream. According to estimates by Shell, global demand for LNG as a shipping fuel may grow from 2.3m tonnes/year in 2021 to 35 t/yr in 2035. And giving a glimpse into the future, law firm Reed Smith said early findings from its sustainable fuel survey suggest shipowners are embracing dual-fuel solutions to move towards net zero, as close to half the industry is set to adopt it within the next five years. The scope of LNG bunker users has also increased. What has previously been the fuel of choice predominantly for the container ...

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