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LNG Bunkering-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global LNG Bunkering market size is expected to reach US$ 2274.2 million by 2029, growing at a CAGR of 11.0% from 2023 to 2029. The market is mainly driven by the significant applications of LNG Bunkering in various end use industries. The expanding demands from the Container Vessels, Tanker Vessels, Bulk & General Cargo Vessels and Ferries & OSV, are propelling LNG Bunkering market. Truck-to-Ship, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Ship-to-Ship segment is estimated at % CAGR for the next seven-year period.
The major players in global LNG Bunkering market include Skangas, Shell (Gasnor), Statoil, etc. The top 3 players occupy about 50% shares of the global market. Europe and Asia-Pacific are main markets, they occupy about 75% of the global market. Truck-to-Ship is the main type, with a share about 70%. Ferries & OSV is the main application, which holds a share about 40%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for LNG Bunkering, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global LNG Bunkering market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global LNG Bunkering market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, LNG Bunkering sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of LNG Bunkering covered in this report include Gasum, Shell (Gasnor), Equinor, Barents Naturgass, Engie, Bomin and Linde, Eni Norge, Harvey Gulf and Polskie LNG, etc.
The global LNG Bunkering market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Gasum
Shell (Gasnor)
Equinor
Barents Naturgass
Engie
Bomin and Linde
Eni Norge
Harvey Gulf
Polskie LNG
Korea Gas Corp
Gaz Metro
Global LNG Bunkering market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global LNG Bunkering market, Segment by Type:
Truck-to-Ship
Ship-to-Ship
Port-to-Ship
Others
Global LNG Bunkering market, by Application
Container Vessels
Tanker Vessels
Bulk & General Cargo Vessels
Ferries & OSV
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of LNG Bunkering manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of LNG Bunkering in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global LNG Bunkering market size is expected to reach US$ 2274.2 million by 2029, growing at a CAGR of 11.0% from 2023 to 2029. The market is mainly driven by the significant applications of LNG Bunkering in various end use industries. The expanding demands from the Container Vessels, Tanker Vessels, Bulk & General Cargo Vessels and Ferries & OSV, are propelling LNG Bunkering market. Truck-to-Ship, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Ship-to-Ship segment is estimated at % CAGR for the next seven-year period.
The major players in global LNG Bunkering market include Skangas, Shell (Gasnor), Statoil, etc. The top 3 players occupy about 50% shares of the global market. Europe and Asia-Pacific are main markets, they occupy about 75% of the global market. Truck-to-Ship is the main type, with a share about 70%. Ferries & OSV is the main application, which holds a share about 40%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for LNG Bunkering, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global LNG Bunkering market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global LNG Bunkering market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, LNG Bunkering sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of LNG Bunkering covered in this report include Gasum, Shell (Gasnor), Equinor, Barents Naturgass, Engie, Bomin and Linde, Eni Norge, Harvey Gulf and Polskie LNG, etc.
The global LNG Bunkering market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Gasum
Shell (Gasnor)
Equinor
Barents Naturgass
Engie
Bomin and Linde
Eni Norge
Harvey Gulf
Polskie LNG
Korea Gas Corp
Gaz Metro
Global LNG Bunkering market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global LNG Bunkering market, Segment by Type:
Truck-to-Ship
Ship-to-Ship
Port-to-Ship
Others
Global LNG Bunkering market, by Application
Container Vessels
Tanker Vessels
Bulk & General Cargo Vessels
Ferries & OSV
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of LNG Bunkering manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of LNG Bunkering in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 LNG Bunkering Market Overview
1.1 LNG Bunkering Product Overview
1.2 LNG Bunkering Market Segment by Type
1.2.1 Truck-to-Ship
1.2.2 Ship-to-Ship
1.2.3 Port-to-Ship
1.2.4 Others
1.3 Global LNG Bunkering Market Size by Type
1.3.1 Global LNG Bunkering Market Size Overview by Type (2018-2029)
1.3.2 Global LNG Bunkering Historic Market Size Review by Type (2018-2023)
1.3.3 Global LNG Bunkering Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America LNG Bunkering Sales Breakdown by Type (2018-2023)
1.4.2 Europe LNG Bunkering Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific LNG Bunkering Sales Breakdown by Type (2018-2023)
1.4.4 Latin America LNG Bunkering Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa LNG Bunkering Sales Breakdown by Type (2018-2023)
2 Global LNG Bunkering Market Competition by Company
2.1 Global Top Players by LNG Bunkering Sales (2018-2023)
2.2 Global Top Players by LNG Bunkering Revenue (2018-2023)
2.3 Global Top Players by LNG Bunkering Price (2018-2023)
2.4 Global Top Manufacturers LNG Bunkering Manufacturing Base Distribution, Sales Area, Product Type
2.5 LNG Bunkering Market Competitive Situation and Trends
2.5.1 LNG Bunkering Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by LNG Bunkering Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in LNG Bunkering as of 2022)
2.7 Date of Key Manufacturers Enter into LNG Bunkering Market
2.8 Key Manufacturers LNG Bunkering Product Offered
2.9 Mergers & Acquisitions, Expansion
3 LNG Bunkering Status and Outlook by Region
3.1 Global LNG Bunkering Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global LNG Bunkering Historic Market Size by Region
3.2.1 Global LNG Bunkering Sales in Volume by Region (2018-2023)
3.2.2 Global LNG Bunkering Sales in Value by Region (2018-2023)
3.2.3 Global LNG Bunkering Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global LNG Bunkering Forecasted Market Size by Region
3.3.1 Global LNG Bunkering Sales in Volume by Region (2024-2029)
3.3.2 Global LNG Bunkering Sales in Value by Region (2024-2029)
3.3.3 Global LNG Bunkering Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global LNG Bunkering by Application
4.1 LNG Bunkering Market Segment by Application
4.1.1 Container Vessels
4.1.2 Tanker Vessels
4.1.3 Bulk & General Cargo Vessels
4.1.4 Ferries & OSV
4.1.5 Others
4.2 Global LNG Bunkering Market Size by Application
4.2.1 Global LNG Bunkering Market Size Overview by Application (2018-2029)
4.2.2 Global LNG Bunkering Historic Market Size Review by Application (2018-2023)
4.2.3 Global LNG Bunkering Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America LNG Bunkering Sales Breakdown by Application (2018-2023)
4.3.2 Europe LNG Bunkering Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific LNG Bunkering Sales Breakdown by Application (2018-2023)
4.3.4 Latin America LNG Bunkering Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa LNG Bunkering Sales Breakdown by Application (2018-2023)
5 North America LNG Bunkering by Country
5.1 North America LNG Bunkering Historic Market Size by Country
5.1.1 North America LNG Bunkering Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America LNG Bunkering Sales in Volume by Country (2018-2023)
5.1.3 North America LNG Bunkering Sales in Value by Country (2018-2023)
5.2 North America LNG Bunkering Forecasted Market Size by Country
5.2.1 North America LNG Bunkering Sales in Volume by Country (2024-2029)
5.2.2 North America LNG Bunkering Sales in Value by Country (2024-2029)
6 Europe LNG Bunkering by Country
6.1 Europe LNG Bunkering Historic Market Size by Country
6.1.1 Europe LNG Bunkering Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe LNG Bunkering Sales in Volume by Country (2018-2023)
6.1.3 Europe LNG Bunkering Sales in Value by Country (2018-2023)
6.2 Europe LNG Bunkering Forecasted Market Size by Country
6.2.1 Europe LNG Bunkering Sales in Volume by Country (2024-2029)
6.2.2 Europe LNG Bunkering Sales in Value by Country (2024-2029)
7 Asia-Pacific LNG Bunkering by Region
7.1 Asia-Pacific LNG Bunkering Historic Market Size by Region
7.1.1 Asia-Pacific LNG Bunkering Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific LNG Bunkering Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific LNG Bunkering Sales in Value by Region (2018-2023)
7.2 Asia-Pacific LNG Bunkering Forecasted Market Size by Region
7.2.1 Asia-Pacific LNG Bunkering Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific LNG Bunkering Sales in Value by Region (2024-2029)
8 Latin America LNG Bunkering by Country
8.1 Latin America LNG Bunkering Historic Market Size by Country
8.1.1 Latin America LNG Bunkering Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America LNG Bunkering Sales in Volume by Country (2018-2023)
8.1.3 Latin America LNG Bunkering Sales in Value by Country (2018-2023)
8.2 Latin America LNG Bunkering Forecasted Market Size by Country
8.2.1 Latin America LNG Bunkering Sales in Volume by Country (2024-2029)
8.2.2 Latin America LNG Bunkering Sales in Value by Country (2024-2029)
9 Middle East and Africa LNG Bunkering by Country
9.1 Middle East and Africa LNG Bunkering Historic Market Size by Country
9.1.1 Middle East and Africa LNG Bunkering Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa LNG Bunkering Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa LNG Bunkering Sales in Value by Country (2018-2023)
9.2 Middle East and Africa LNG Bunkering Forecasted Market Size by Country
9.2.1 Middle East and Africa LNG Bunkering Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa LNG Bunkering Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Gasum
10.1.1 Gasum Company Information
10.1.2 Gasum Introduction and Business Overview
10.1.3 Gasum LNG Bunkering Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Gasum LNG Bunkering Products Offered
10.1.5 Gasum Recent Development
10.2 Shell (Gasnor)
10.2.1 Shell (Gasnor) Company Information
10.2.2 Shell (Gasnor) Introduction and Business Overview
10.2.3 Shell (Gasnor) LNG Bunkering Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Shell (Gasnor) LNG Bunkering Products Offered
10.2.5 Shell (Gasnor) Recent Development
10.3 Equinor
10.3.1 Equinor Company Information
10.3.2 Equinor Introduction and Business Overview
10.3.3 Equinor LNG Bunkering Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Equinor LNG Bunkering Products Offered
10.3.5 Equinor Recent Development
10.4 Barents Naturgass
10.4.1 Barents Naturgass Company Information
10.4.2 Barents Naturgass Introduction and Business Overview
10.4.3 Barents Naturgass LNG Bunkering Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Barents Naturgass LNG Bunkering Products Offered
10.4.5 Barents Naturgass Recent Development
10.5 Engie
10.5.1 Engie Company Information
10.5.2 Engie Introduction and Business Overview
10.5.3 Engie LNG Bunkering Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Engie LNG Bunkering Products Offered
10.5.5 Engie Recent Development
10.6 Bomin and Linde
10.6.1 Bomin and Linde Company Information
10.6.2 Bomin and Linde Introduction and Business Overview
10.6.3 Bomin and Linde LNG Bunkering Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Bomin and Linde LNG Bunkering Products Offered
10.6.5 Bomin and Linde Recent Development
10.7 Eni Norge
10.7.1 Eni Norge Company Information
10.7.2 Eni Norge Introduction and Business Overview
10.7.3 Eni Norge LNG Bunkering Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Eni Norge LNG Bunkering Products Offered
10.7.5 Eni Norge Recent Development
10.8 Harvey Gulf
10.8.1 Harvey Gulf Company Information
10.8.2 Harvey Gulf Introduction and Business Overview
10.8.3 Harvey Gulf LNG Bunkering Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Harvey Gulf LNG Bunkering Products Offered
10.8.5 Harvey Gulf Recent Development
10.9 Polskie LNG
10.9.1 Polskie LNG Company Information
10.9.2 Polskie LNG Introduction and Business Overview
10.9.3 Polskie LNG LNG Bunkering Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Polskie LNG LNG Bunkering Products Offered
10.9.5 Polskie LNG Recent Development
10.10 Korea Gas Corp
10.10.1 Korea Gas Corp Company Information
10.10.2 Korea Gas Corp Introduction and Business Overview
10.10.3 Korea Gas Corp LNG Bunkering Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Korea Gas Corp LNG Bunkering Products Offered
10.10.5 Korea Gas Corp Recent Development
10.11 Gaz Metro
10.11.1 Gaz Metro Company Information
10.11.2 Gaz Metro Introduction and Business Overview
10.11.3 Gaz Metro LNG Bunkering Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Gaz Metro LNG Bunkering Products Offered
10.11.5 Gaz Metro Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 LNG Bunkering Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 LNG Bunkering Industrial Chain Analysis
11.4 LNG Bunkering Market Dynamics
11.4.1 LNG Bunkering Industry Trends
11.4.2 LNG Bunkering Market Drivers
11.4.3 LNG Bunkering Market Challenges
11.4.4 LNG Bunkering Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 LNG Bunkering Distributors
12.3 LNG Bunkering Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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