PUBLISHER: Visiongain | PRODUCT CODE: 1742437
PUBLISHER: Visiongain | PRODUCT CODE: 1742437
The global Liquefied Natural Gas (LNG) Bunkering market is projected to grow at a CAGR of 22.6% by 2035.
The Liquefied Natural Gas (LNG) Bunkering Market Report 2025-2035 (Including Impact of U.S. Trade Tariffs): This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Economic Factors: Demand-Supply Dynamics and Fuel Cost Competitiveness
The global LNG bunkering market is heavily influenced by the economic interplay between fuel demand from the maritime industry and LNG supply availability. With the International Maritime Organization (IMO) 2020 sulphur cap drastically reducing permissible sulphur content in marine fuels, many shipowners have turned to LNG as a cost-effective, cleaner alternative to conventional fuels like heavy fuel oil (HFO).
Increased demand for LNG as a marine fuel has prompted countries such as Singapore, South Korea, and the Netherlands to scale up their LNG bunkering capabilities. According to Shell, which operates LNG bunkering hubs in Rotterdam, Singapore, and Gibraltar, global LNG bunkering volumes are expected to reach 30 million tonnes annually by 2030, compared to just 2 million tonnes in 2020.
Supply dynamics are also being reshaped by new liquefaction capacity coming online in Qatar, the U.S., and Mozambique. QatarEnergy,Aos North Field Expansion Project, for instance, will increase its LNG production capacity from 77 to 126 million tonnes per year by 2027, ensuring long-term supply for bunkering and industrial uses.
High Capital Costs and Infrastructure Limitations
One of the most significant barriers to widespread LNG bunkering adoption is the high capital expenditure (CAPEX) associated with developing infrastructure across ports, vessels, and storage facilities. Establishing a comprehensive LNG bunkering network requires heavy investments in liquefaction terminals, bunkering vessels, cryogenic storage tanks, and specialised safety systems.
In the Port of Long Beach (USA), the delay in establishing LNG bunkering operations has been attributed to the lack of financial feasibility and regulatory complexity. Similarly, several smaller ports in Africa and Latin America are unable to invest in LNG infrastructure due to limited government support and inadequate private sector incentives.
Even large-scale operators like TotalEnergies and Shell face long lead times and regulatory hurdles when developing LNG bunkering hubs. For instance, TotalEnergies'LNG bunkering operations in Marseille required years of planning, licensing, and stakeholder coordination before implementation.
Furthermore, small and medium-sized shipping companies often find the cost of retrofitting or building LNG-fuelled vessels prohibitive, especially given the uncertainties around LNG pricing and long-term environmental policy shifts.
What would be the Impact of US Trade Tariffs on the Global Liquefied Natural Gas (LNG) Bunkering Market?
The U.S. Department of Energy (DOE) has recently taken significant steps to remove regulatory barriers affecting the liquefied natural gas (LNG) bunkering market, particularly impacting facilities like JAX LNG in Jacksonville, Florida. These changes are poised to streamline operations and potentially reshape the global LNG bunkering landscape. In February 2025, the DOE issued an order modifying its previous stance under the Natural Gas Act (NGA), clarifying that ship-to-ship transfers of LNG for use as marine fuel at U.S. ports, in U.S. waters, or in international waters are no longer considered exports. This decision effectively removes the requirement for such operations to obtain export authorizations from the DOE, thereby reducing regulatory burdens and facilitating more efficient LNG bunkering activities.
However, it's important to note that ship-to-ship transfers of U.S. LNG occurring within the territorial waters of a foreign country, including foreign ports, will still be classified as exports and remain under DOE jurisdiction. This regulatory shift is expected to bolster the LNG bunkering sector in the U.S., encouraging the use of LNG as a cleaner marine fuel alternative. The International Energy Agency (IEA) projects that the number of LNG-fuelled ships will nearly double to over 1,200 vessels by 2028, driven by stricter emissions regulations in the maritime industry. The DOE's decision aligns with broader efforts to promote LNG as a viable marine fuel, supporting environmental goals and enhancing the competitiveness of U.S. LNG in the global market. Facilities like JAX LNG are now better positioned to meet the growing demand for LNG bunkering services, contributing to the expansion of cleaner fuel options in maritime transportation.
What Questions Should You Ask before Buying a Market Research Report?
You need to discover how this will impact the liquefied natural gas (LNG) bunkering market today, and over the next 10 years:
Segments Covered in the Report
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 25 leading national markets:
The report also includes profiles and for some of the leading companies in the Liquefied Natural Gas (LNG) Bunkering Market, 2025 to 2035, with a focus on this segment of these companies'operations.
Overall world revenue for Liquefied Natural Gas (LNG) Bunkering Market, 2025 to 2035 in terms of value the market will surpass US$1,789.2 million in 2025, our work calculates. We predict strong revenue growth through to 2035. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.