How big is the LNG bunkering market | Global Analysis & Key Drivers 2025

Code: MTA7821 Publication Date: Aug 2025

How big is the LNG Bunkering Market?

According to 6Wresearch internal database and industry insights, the LNG Bunkering Market was valued at USD 0.92 Billion in 2024 and is expected to reach USD 3.1 Billion by 2031, growing at a compound annual growth rate of 19.1% during the forecast period of 2025 to 2031.

The market is expanding due to stricter maritime emission regulations, increasing adoption of LNG-fueled vessels, and the development of LNG bunkering infrastructure at major global ports.

Key Growth Drivers of the LNG Bunkering Market

  • Stringent IMO sulphur and carbon emission reduction mandates
  • Growing fleet of LNG-powered cargo ships, ferries, and cruise liners
  • Investments in LNG bunkering terminals and ship-to-ship transfer facilities
  • Cost advantage of LNG over low-sulphur fuel oil in certain regions
  • Advancements in cryogenic storage and transfer technology

LNG Bunkering Market Trends

LNG bunkering market is witnessing trends such as rapid expansion of bunkering hubs in Europe, Asia-Pacific, and the Middle East, alongside increasing ship-to-ship LNG fuelling operations for operational flexibility. Standardizing procedures and safety protocols of bunkering and LNG demand increase, raising energy efficiency and the usage of dual-fuel engines. There is also an emerging interest in green LNG which uses biomethane as an alternative to minimize lifecycle emissions as a part of decarbonising the shipping industry.

Emerging Developments in the LNG Bunkering Market

LNG bunkering market is experiencing developments such as deployment of dedicated LNG bunker vessels, integration of digital monitoring systems for fuel quality and supply chain transparency, and collaboration between energy majors, port authorities, and shipbuilders to accelerate infrastructure rollout. New small-scale bunkering, technologies allow serving offshore ports and numerous plans are under consideration to install carbon capture units to decrease environmental disruption further still at the point of LNG consumption.

List of Leading Companies in the LNG Bunkering Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Shell plc

Company NameShell plc
Established Year1907
HeadquartersLondon, UK
Official WebsiteClick Here

Shell is a global leader in LNG bunkering services, operating extensive infrastructure and supplying LNG fuel to shipping fleets for cleaner maritime operations.

2. TotalEnergies SE

Company NameTotalEnergies SE
Established Year1924
HeadquartersParis, France
Official WebsiteClick Here

TotalEnergies provides LNG bunkering solutions globally, focusing on reducing maritime emissions and offering reliable fuel supply to commercial shipping companies.

3. Gasum Oy

Company NameGasum Oy
Established Year1994
HeadquartersEspoo, Finland
Official WebsiteClick Here

Gasum specializes in LNG bunkering and biogas supply, serving the Nordic and Baltic Sea regions with an expanding network of bunkering vessels and terminals.

4. Bunker Holding A/S

Company NameBunker Holding A/S
Established Year1981
HeadquartersMiddelfart, Denmark
Official WebsiteClick Here

Bunker Holding offers LNG bunkering and marine fuel solutions, supporting shipping companies in transitioning toward sustainable and low-emission fuel alternatives.

5. Fjord Line AS

Company NameFjord Line AS
Established Year1993
HeadquartersEgersund, Norway
Official WebsiteClick Here

Fjord Line operates LNG-fueled passenger and cargo vessels and provides LNG bunkering services, focusing on environmentally friendly maritime transportation.

6. SEA-LNG Ltd.

Company NameSEA-LNG Ltd.
Established Year2016
HeadquartersLondon, UK
Official WebsiteClick Here

SEA-LNG is a coalition promoting LNG as a marine fuel, working with industry stakeholders to expand bunkering infrastructure and market adoption worldwide.

7. Kawasaki Heavy Industries, Ltd.

Company NameKawasaki Heavy Industries, Ltd.
Established Year1896
HeadquartersTokyo, Japan
Official WebsiteClick Here

Kawasaki Heavy Industries develops LNG bunkering vessels and infrastructure, supporting Japan’s maritime decarbonization through advanced LNG fuel technologies.

8. Engie SA

Company NameEngie SA
Established Year2008
HeadquartersParis, France
Official WebsiteClick Here

Engie delivers LNG bunkering solutions through partnerships, investing in bunkering vessels and terminals to supply sustainable fuel to the shipping industry.

9. Mitsui O.S.K. Lines, Ltd.

Company NameMitsui O.S.K. Lines, Ltd.
Established Year1884
HeadquartersTokyo, Japan
Official WebsiteClick Here

Mitsui O.S.K. Lines operates LNG bunkering ships and collaborates with industry partners to advance LNG marine fuel supply across Asia and global trade routes.

10. Harvey Gulf International Marine LLC

Company NameHarvey Gulf International Marine LLC
Established Year1955
HeadquartersLouisiana, USA
Official WebsiteClick Here

Harvey Gulf offers LNG bunkering services in North America, operating LNG-powered offshore supply vessels and fueling infrastructure for maritime clients.

How big is the LNG bunkering market : FAQs

It was valued at USD 0.92 Billion in 2024 and is projected to reach USD 3.1 Billion by 2031.
The LNG bunkering market is expected to grow at a CAGR of 19.1% from 2025 to 2031.
Emission regulations, LNG-fueled vessel adoption, port infrastructure expansion, and cryogenic technology improvements.
Expansion of bunkering hubs, ship-to-ship fuelling growth, green LNG adoption, and dual-fuel vessel deployment.
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