LNG Bunkering Market Overall Analysis, Size, Share, Growth and Forecast to 2023

by Deepak Kumar Sr. SEO Executive

The global liquefied natural gas (LNG) bunkering market is growing significantly, due to high environmental concerns across the globe and increased bunkering of LNG as marine fuel. The International Maritime Organization (IMO) is the United Nations specialized agency, which is involved in setting the standards for safety and security of international shipping and prevention of marine pollution.

The Emission Control Areas (ECAs) are the sea areas, where stringent regulations are framed to control the sulfur limits. Since May 2005 to June 2010, the sulfur emission limit was 15,000 ppm in ECAs, which was reduced to 10,000 ppm during July 2010 to December 2014.

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Moreover, as of 2011, ECAs comprised the North Sea, Baltic Sea, North American ECA and US Caribbean ECA. The proposal for the expansion of ECA towards Japan, Southeast Asia, and the Mediterranean; and the massive unexplored Asia-Pacific market are creating ample opportunities for the growth of the global LNG bunkering market during the forecast period.

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Geographically, Europe leads the global LNG bunkering market, owing to the initial adoption of LNG bunkering and initial expansion of ECAs in the region. In addition, the European countries are framing stringent environmental regulations for reducing airborne pollutions, which is propelling the growth of the LNG market in the region.

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The key players operating in the global LNG bunkering market are ENGIE (formerly known as GDF SUEZ), JSC Gazprom Neft, Royal Dutch Shell PLC, Bomin Linde LNG GmbH & Co. KG, Skangas, Harvey Gulf International Marine LLC., Korea Gas Technology Corporation, and Gasnor AS.

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About Deepak Kumar Advanced   Sr. SEO Executive

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Joined APSense since, May 30th, 2017, From New York, United States.

Created on Jan 8th 2019 00:02. Viewed 160 times.


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