LNG bunkering report

Although LNG bunkering infrastructure has only developed in a couple of ports around the North Sea, the English Channel and the Baltic Sea it is showing positive growth in these areas.

“The lower cost of LNG bunker fuel than other variants of ECA-complaints fuels in Europe and North America is the primary reason for boosting the LNG bunker fuel market in the global scenario,” said lead analysis at TMR.

The report says that most bunkering locations are located in Northern Europe, these are designed specifically to cater to the fuel demands of inland vessels and large ships docking at ports in ECAs.

It also predicts that the dropping prices of natural gas in North America will boost the sales of LNG bunker fuel in North American ports, the port will then help to develop the increase further.

Likewise, in Asia, it is predicted that South Korea and China’s sustainable investment in LNG fuel will mean growth from 2020 onwards.

TMR’s report gives insight into the initiatives from port authorities in the European Union which is propelling the development of such bunkering locations.