Industry executives forecast that demand for liquefied natural gas (LNG) as a marine fuel will at least double by 2030. This surge is attributed to an anticipated supply glut from large export projects in the U.S. and Qatar, which is expected to lower prices and increase LNG's competitiveness against traditional marine fuels. Additionally, stricter emissions regulations are encouraging more ship orders capable of running on LNG, as the sector seeks to decarbonise. While LNG infrastructure continues to expand, alternatives like methanol and ammonia face supply and infrastructure challenges, solidifying LNG's role in the industry's transition.
Global LNG Demand for Ships Projected to Double by 2030
Ella Trusteddocks
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