Analysis: LNG fuel to reach 22.5 million tons by 2025

Global LNG consumption will increase significantly ahead of 2025, according to a new report from Transparency Market Research (TMR).

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

ECSA's new secretary general balances on a razor's edge

ECSA’s newly appointed secretary general, Sotirs Raptis, has taken up the helm of an organization criticized by its own members for being invisible. In an interview with ShippingWatch, Raptis explains how he intends to alter that image.

Further reading

Related articles

Latest news

See all jobs