Growing innovation in LNG bunkering is projected to fuel the growth of the global LNG Bunkering market at a CAGR of 45.1% during the forecast period 2023 to 2030

The LNG Bunkering market is estimated to register a CAGR of 45.1% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global LNG Bunkering market—Royal Dutch Shell plc., Engie, Bomin Linde LNG GmbH & Co. KG, Gasum Ltd., Gasnor AS, Korea Gas Corporation, Harvey Gulf International Marine LLC, Polskie LNG S.A., Eagle LNG, ENN Energy Holdings Limited, EVOL LNG, Fjord Line, Crowley Maritime Corporation, SHV Energy, Gazpromneft Marine Bunker LLC

Market Highlights

The global LNG Bunkering market is accounted for to register a CAGR of 45.1% during the forecast period and is estimated to reach USD 14,827.8 million by 2030.

In the LNG bunkering business, innovation is a crucial trend that is gaining popularity. To maintain their position in the LNG bunkering business, major players are concentrating on introducing cutting-edge operations like ship-to-containership LNG bunkering. For instance, the first ship-to-containership LNG bunkering operation in Marseilles was started in January 2022 by the French shipping and logistics company CMA CGM and the French integrated energy and petroleum company TotalEnergies. During a ship-to-ship transfer alongside the Eurofos container terminal, TotalEnergies' Gas Vitality, the first LNG bunker vessel based in France, refueled the 15, 000 TEU LNG-powered CMA CGM BALI, a containership operating on the MEX 1 service linking Asia and South Europe, with approximately 6, 000m3 of LNG.

Segment Analysis

The global LNG Bunkering market has been segmented based on Vessel Type, Product and Region.

The global LNG Bunkering Market segmentation, based on Voltage Rating has been segmented as Container Ships, Tankers, Bulk and General Cargo Vessel and Ferries and Offshore Support Vessel. Among these, the Tankers segment is anticipated to dominate the global LNG Bunkering market revenue through the projected period as estimated by MRFR analysts.

Tankers play a crucial role in LNG bunkering owing to their capacity to transport large volumes of LNG safely and efficiently. They are designed with the advanced containment system for maintaining gas in the liquid state at very low temperatures, allowing for substantial quantities to be transported over the long distances and thus its usage in LNG bunkering is increasing substantially, further supporting its market growth.

In the Product segment, the market is categorized as Portable Tanks, Port to Ship, Ship to Ship and Truck Ship. Out of which the Ship to Ship segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well.  Due to benefits including speedy transfer operations and a high capacity of 700–7,500 tons, the ship-to-ship LNG bunkering market is anticipated to have considerable revenue growth over the course of the projected period.

Regional Analysis

By Region, the LNG Bunkering market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Europe LNG Bunkering market holds a considerable market share and is also forecasted to hold the largest share during the forecast period. The market in Europe is expected to increase significantly over the projection period due to increased LNG demand to reduce the carbon footprint of the shipping industry and tight regulatory requirements in this area. New laws that restrict boat sulphur emissions will result in a considerable expansion of the transportation market. The increase in the employment of various strategies, such as launches, acquisitions, and partnerships to use LNG for transportation, is another factor contributing to the expansion. The rising use of liquefied natural gas (LNG) as a bunker fuel and technological advancements in ship-to-ship LNG bunkering are the two primary trends in this country's LNG bunkering business.

Key Findings of the Study

• The global LNG Bunkering market is expected to reach USD 14,827.8 million by 2030, at a CAGR of 45.1% during the forecast period.


• The Europe region accounted for the fastest-growing global market.


• Based on Vessel Type, the Tankers segment was attributed to holding the largest market in 2022.


• Based on Product, the Ship-to-Ship segment was attributed to holding the largest market in 2022.


• Royal Dutch Shell plc., Engie, Bomin Linde LNG GmbH & Co. KG, Gasum Ltd., Gasnor AS, Korea Gas Corporation, Harvey Gulf International Marine LLC, Polskie LNG S.A., Eagle LNG, ENN Energy Holdings Limited, EVOL LNG, Fjord Line, Crowley Maritime Corporation, SHV Energy, Gazpromneft Marine Bunker LLC are the key market players.