OW Bunker: LNG will only account for 5 percent in 2020

OW Bunker is more than skeptical toward the potential of LNG unless authorities actively step up and help establish the market. "It will account for less than five percent globally by 2020."

OW Bunker, which in 2013 likely grew to become the world's largest bunker company, remains skeptical about the potential in LNG.

Unless authorities across the world very soon start actively helping to create the market through infrastructure or other forms of support, the global LNG market will account for less than five percent by 2020, Ow Bunker CEO Jim Pedersen tells ShippingWatch.

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