LNG Bunkering: Fueling Tomorrow�s Shipping Industry Sustainably
Matt Easterlin18 Jan, 2024News
The LNG bunkering market was estimated at USD 4.5 billion in 2021 and is likely to grow at a CAGR of 42% during 2022-2028 to reach USD 52.43 billion in 2028. Liquid natural gas (LNG) Bunkering is the method of transferring liquefied natural gas fuel from storage to a ship?s fuel tank for consumption. The stored LNG is transported at cryogenic temperatures allowing it to be condensed into a liquid state. These kinds of operations are conducted widely at ports, onboard vessels, etc. using various methods such as truck-to-ship, shore-to-ship, etc.
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