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Liquified Bunkering Market -2020 Will Be Difficult For Manufactures

The market for LNG Bunkering is expected to grow at a CAGR of approximately 17% during 2020-2025.

Leading players in LNG bunkering market includes Bomin and Linde, Gaz Metro, Korea Gas Corp, Eni Norge, Statoil, Harvey Gulf, Shell (Gasnor), Barents Naturgass, Skangas, Polskie LNG and Engie.

     Sept 2020- LNG bunkering demand is estimated to grow to 9 million mt by 2025 and just under 30 million mt by 2030, with LNG bunkering fleet growing to more than 8,000 by 2030 from an existing fleet of 556, said by Alan Heng, managing director for Asia at Pavilion Energy. Furthermore, lower oil prices had also led to thinner spreads between conventional IMO 2020 compliant fuels and LNG, making economic justifications to fleet replacement and new fuels more difficult. "But we believe that the fundamentals for LNG as a greener fuel remain strong.

      Nov 2020-Venice Energy has signed a project agreement with Flinders Ports that sets out the framework to support the development of a proposed LNG import facility in Port Adelaide, Australia. A concept design has been agreed by both companies that will guide the development of two new operating berths as well associated onshore facilities at Outer Harbor, subject to development approval. Venice Energy is proposing to build a AUS$200 million LNG import facility that will enhance the supply of gas to South Australian domestic and industrial users.

     EPS Nov-2020 is pleased to announce that its managed vessel M/V CMA CGM Tenere successfully carried out the company’s first LNG bunkering during a scheduled port call in Rotterdam, the Netherlands. The 14 800 TEU dual-fuel LNG Ultra Large Container Ship (the first in a series chartered to CMA CGM) took on 10 600 m3 of LNG, which is enough fuel for a round trip voyage between Rotterdam and Asia.

      Nov 2020-The LNG bunkers were pumped by the world’s largest LNG bunker vessel, Total’s Gas Agility. The entire bunkering process, which included a first-time cooldown, hose connecting and disconnecting, and pumping, took approximately 30 hours to complete, which was on time and as scheduled. Of these 30 hours, the LNG’s actual bunkering took roughly 10 hours, which was also on time and as expected. Latest news occurs EPS is pleased to announce that its managed vessel M/V CMA CGM Tenere successfully carried out the company’s first LNG bunkering during a scheduled port call in Rotterdam, the Netherlands. The 14 800 TEU dual-fuel LNG Ultra Large Container Ship (the first in a series chartered to CMA CGM) took on 10 600 m3 of LNG, which is enough fuel for a round trip voyage between Rotterdam and Asia.

      Vår Energi secures access to two new LNG-powered shuttle tankers for crude oil shuttling in the North Sea and the Barents Sea. The new vessels represent considerable reduction in CO2 emissions. The agreement secures stable shuttle arrangements as well as a significant cut in emissions. With two brand new LNG-powered vessels, each vessel will be able to reduce CO2 emissions by 40 percent compared to conventional oil-fuelled shuttle tankers. Vår Energi already uses a LNG-powered offshore supply vessel for the Goliat operations in the Barents Sea. The switch to LNG-fuelled tankers is a continuation of Vår Energi’s long-term commitment to minimize the company’s environmental footprint.

        By Product it has been Truck-to-Ship, Port-to-Ship, Ship-to-Ship and Portable Tanks. By end user, it is categorized into tanker fleet, bulk & general cargo, offshore vessels & ferries, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia Pacific is projected to be the fastest growing market for LNG bunkering, exhibiting a CAGR of 62% over the forecast period. This is attributed to growing production activities in this region coupled with increasing energy demand. Europe and North America are expected to experience the Fastest Growth.

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