The global consumption of LNG fuel will reach 22.5 million tons by 2025, according to projections in a new report from firm Transparency Market Research (TMR), reports Sustainable Shipping. The report shows that consumption of LNG marine fuel in 2013 came to 70 tons.
The report also projects that earnings from LNG as marine fuel will reach USD 11.7 billion in ten years. The new ECA zones in North Europe and the US could boost this development, as LNG is considered an alternative to low sulfur fuel and the scrubber technology, which cleans sulfur from ships' emissions.
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