APO RESEARCH · REPORT
LNG Bunkering
Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4) that has been converted to liquid form for ease of storage or transport.
Product & engineering
Understand the product.
Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4) that has been converted to liquid form for ease of storage or transport.
LNG is an attractive fuel choice for many vessels because it exceeds the air quality standards set forth. It takes up about 1/600th the volume of natural gas in the gaseous state. It is odorless, colorless, non-toxic and non-corrosive. Hazards include flammability after vaporization into a gaseous state, freezing and asphyxia.
The liquefaction process involves removal of certain components, such as dust, acid gases, helium, water, and heavy hydrocarbons, which could cause difficulty downstream. The natural gas is then condensed into a liquid at close to atmospheric pressure by cooling it to approximately −162 °C (−260 °F); maximum transport pressure is set at around 25 KPa (4 psi).
LNG Bunkering is a particular type of operation where LNG fuel is transferred from a given distribution source to a LNG fuelled ship. It involves the participation of different stakeholders, from the ship-side, LNG supplier, ports, safety personnel, administrations and policy makers. In this report, LNG bunkering only refers to LNG bunkering fuel.
Selected research
Industry Growth & Trends
Global LNG Bunkering Industry Growth and Trends Forecast to 2032
Market perspective
Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4) that has been converted to liquid form for ease of storage or transport.
LNG is an attractive fuel choice for many vessels because it exceeds the air quality standards set forth. It takes up about 1/600th the volume of natural gas in the gaseous state. It is odorless, colorless, non-toxic and non-corrosive. Hazards include flammability after vaporization into a gaseous state, freezing and asphyxia.
The liquefaction process involves removal of certain components, such as dust, acid gases, helium, water, and heavy hydrocarbons, which could cause difficulty downstream. The natural gas is then condensed into a liquid at close to atmospheric pressure by cooling it to approximately −162 °C (−260 °F); maximum transport pressure is set at around 25 KPa (4 psi).
Read the full market overview
LNG Bunkering is a particular type of operation where LNG fuel is transferred from a given distribution source to a LNG fuelled ship. It involves the participation of different stakeholders, from the ship-side, LNG supplier, ports, safety personnel, administrations and policy makers. In this report, LNG bunkering only refers to LNG bunkering fuel.
The major players in global LNG Bunkering market include Skangas, Shell (Gasnor), Statoil, etc. The top 3 players occupy about 50% shares of the global market. Europe and Asia-Pacific are main markets, they occupy about 75% of the global market. Truck-to-Ship is the main type, with a share about 70%. Ferries & OSV is the main application, which holds a share about 40%.
Report Scope
This report provides a structured, data-driven view of the global LNG Bunkering market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The LNG Bunkering market size, estimates, and forecasts are presented in terms of sales volume (K MT) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global LNG Bunkering market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to LNG Bunkering.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global LNG Bunkering market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
LNG Bunkering Market by Company
Gasum
Shell (Gasnor)
Equinor
Barents Naturgass
Engie
Bomin and Linde
Eni Norge
Harvey Gulf
Polskie LNG
Korea Gas Corp
Gaz Metro
LNG Bunkering Segment by Type
Truck-to-Ship
Ship-to-Ship
Port-to-Ship
Others
LNG Bunkering Segment by Application
Container Vessels
Tanker Vessels
Bulk & General Cargo Vessels
Ferries & OSV
Others
LNG Bunkering Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global LNG Bunkering market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of LNG Bunkering and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of LNG Bunkering.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of LNG Bunkering manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of LNG Bunkering in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Truck-to-Ship
- Ship-to-Ship
- Port-to-Ship
- Others
Applications
- Container Vessels
- Tanker Vessels
- Bulk & General Cargo Vessels
- Ferries & OSV
- Others
Companies covered
- Gasum
- Shell (Gasnor)
- Equinor
- Barents Naturgass
- Engie
- Bomin and Linde
- Eni Norge
- Harvey Gulf
- Polskie LNG
- Korea Gas Corp
- Gaz Metro
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global LNG Bunkering Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global LNG Bunkering Sales Estimates and Forecasts (2021-2032)
- 1.3 LNG Bunkering Market by Type
- 1.3.1 Truck-to-Ship
- 1.3.2 Ship-to-Ship
- 1.3.3 Port-to-Ship
- 1.3.4 Others
- 1.4 Global LNG Bunkering Market Size by Type
- 1.4.1 Global LNG Bunkering Market Size Overview by Type (2021-2032)
- 1.4.2 Global LNG Bunkering Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global LNG Bunkering Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America LNG Bunkering Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe LNG Bunkering Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific LNG Bunkering Sales Breakdown by Type (2021-2026)
- 1.5.4 South America LNG Bunkering Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa LNG Bunkering Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 LNG Bunkering Industry Trends
- 2.2 LNG Bunkering Industry Drivers
- 2.3 LNG Bunkering Industry Opportunities and Challenges
- 2.4 LNG Bunkering Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by LNG Bunkering Revenue (2021-2026)
- 3.2 Global Top Players by LNG Bunkering Sales (2021-2026)
- 3.3 Global Top Players by LNG Bunkering Price (2021-2026)
- 3.4 Global LNG Bunkering Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global LNG Bunkering Major Company Production Sites & Headquarters
- 3.6 Global LNG Bunkering Company, Product Type & Application
- 3.7 Global LNG Bunkering Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global LNG Bunkering Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 LNG Bunkering Players Market Share by Revenue in 2025
- 3.8.3 2025 LNG Bunkering Tier 1, Tier 2, and Tier 3
4 LNG Bunkering Regional Status and Outlook
- 4.1 Global LNG Bunkering Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global LNG Bunkering Historic Market Size by Region
- 4.2.1 Global LNG Bunkering Sales in Volume by Region (2021-2026)
- 4.2.2 Global LNG Bunkering Sales in Value by Region (2021-2026)
- 4.2.3 Global LNG Bunkering Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global LNG Bunkering Forecasted Market Size by Region
- 4.3.1 Global LNG Bunkering Sales in Volume by Region (2027-2032)
- 4.3.2 Global LNG Bunkering Sales in Value by Region (2027-2032)
- 4.3.3 Global LNG Bunkering Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 LNG Bunkering by Application
- 5.1 LNG Bunkering Market by Application
- 5.1.1 Container Vessels
- 5.1.2 Tanker Vessels
- 5.1.3 Bulk & General Cargo Vessels
- 5.1.4 Ferries & OSV
- 5.1.5 Others
- 5.2 Global LNG Bunkering Market Size by Application
- 5.2.1 Global LNG Bunkering Market Size Overview by Application (2021-2032)
- 5.2.2 Global LNG Bunkering Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global LNG Bunkering Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America LNG Bunkering Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe LNG Bunkering Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific LNG Bunkering Sales Breakdown by Application (2021-2026)
- 5.3.4 South America LNG Bunkering Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa LNG Bunkering Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Gasum
- 6.1.1 Gasum Company Information
- 6.1.2 Gasum Business Overview
- 6.1.3 Gasum LNG Bunkering Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Gasum LNG Bunkering Product Portfolio
- 6.1.5 Gasum Recent Developments
- 6.2 Shell (Gasnor)
- 6.2.1 Shell (Gasnor) Company Information
- 6.2.2 Shell (Gasnor) Business Overview
- 6.2.3 Shell (Gasnor) LNG Bunkering Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Shell (Gasnor) LNG Bunkering Product Portfolio
- 6.2.5 Shell (Gasnor) Recent Developments
- 6.3 Equinor
- 6.3.1 Equinor Company Information
- 6.3.2 Equinor Business Overview
- 6.3.3 Equinor LNG Bunkering Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Equinor LNG Bunkering Product Portfolio
- 6.3.5 Equinor Recent Developments
- 6.4 Barents Naturgass
- 6.4.1 Barents Naturgass Company Information
- 6.4.2 Barents Naturgass Business Overview
- 6.4.3 Barents Naturgass LNG Bunkering Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Barents Naturgass LNG Bunkering Product Portfolio
- 6.4.5 Barents Naturgass Recent Developments
- 6.5 Engie
- 6.5.1 Engie Company Information
- 6.5.2 Engie Business Overview
- 6.5.3 Engie LNG Bunkering Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Engie LNG Bunkering Product Portfolio
- 6.5.5 Engie Recent Developments
- 6.6 Bomin and Linde
- 6.6.1 Bomin and Linde Company Information
- 6.6.2 Bomin and Linde Business Overview
- 6.6.3 Bomin and Linde LNG Bunkering Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Bomin and Linde LNG Bunkering Product Portfolio
- 6.6.5 Bomin and Linde Recent Developments
- 6.7 Eni Norge
- 6.7.1 Eni Norge Company Information
- 6.7.2 Eni Norge Business Overview
- 6.7.3 Eni Norge LNG Bunkering Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Eni Norge LNG Bunkering Product Portfolio
- 6.7.5 Eni Norge Recent Developments
- 6.8 Harvey Gulf
- 6.8.1 Harvey Gulf Company Information
- 6.8.2 Harvey Gulf Business Overview
- 6.8.3 Harvey Gulf LNG Bunkering Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Harvey Gulf LNG Bunkering Product Portfolio
- 6.8.5 Harvey Gulf Recent Developments
- 6.9 Polskie LNG
- 6.9.1 Polskie LNG Company Information
- 6.9.2 Polskie LNG Business Overview
- 6.9.3 Polskie LNG LNG Bunkering Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Polskie LNG LNG Bunkering Product Portfolio
- 6.9.5 Polskie LNG Recent Developments
- 6.10 Korea Gas Corp
- 6.10.1 Korea Gas Corp Company Information
- 6.10.2 Korea Gas Corp Business Overview
- 6.10.3 Korea Gas Corp LNG Bunkering Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Korea Gas Corp LNG Bunkering Product Portfolio
- 6.10.5 Korea Gas Corp Recent Developments
- 6.11 Gaz Metro
- 6.11.1 Gaz Metro Company Information
- 6.11.2 Gaz Metro Business Overview
- 6.11.3 Gaz Metro LNG Bunkering Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Gaz Metro LNG Bunkering Product Portfolio
- 6.11.5 Gaz Metro Recent Developments
7 North America by Country
- 7.1 North America LNG Bunkering Sales by Country
- 7.1.1 North America LNG Bunkering Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America LNG Bunkering Sales by Country (2021-2026)
- 7.1.3 North America LNG Bunkering Sales Forecast by Country (2027-2032)
- 7.2 North America LNG Bunkering Market Size by Country
- 7.2.1 North America LNG Bunkering Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America LNG Bunkering Market Size by Country (2021-2026)
- 7.2.3 North America LNG Bunkering Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe LNG Bunkering Sales by Country
- 8.1.1 Europe LNG Bunkering Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe LNG Bunkering Sales by Country (2021-2026)
- 8.1.3 Europe LNG Bunkering Sales Forecast by Country (2027-2032)
- 8.2 Europe LNG Bunkering Market Size by Country
- 8.2.1 Europe LNG Bunkering Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe LNG Bunkering Market Size by Country (2021-2026)
- 8.2.3 Europe LNG Bunkering Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific LNG Bunkering Sales by Country
- 9.1.1 Asia-Pacific LNG Bunkering Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific LNG Bunkering Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific LNG Bunkering Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific LNG Bunkering Market Size by Country
- 9.2.1 Asia-Pacific LNG Bunkering Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific LNG Bunkering Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific LNG Bunkering Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America LNG Bunkering Sales by Country
- 10.1.1 South America LNG Bunkering Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America LNG Bunkering Sales by Country (2021-2026)
- 10.1.3 South America LNG Bunkering Sales Forecast by Country (2027-2032)
- 10.2 South America LNG Bunkering Market Size by Country
- 10.2.1 South America LNG Bunkering Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America LNG Bunkering Market Size by Country (2021-2026)
- 10.2.3 South America LNG Bunkering Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa LNG Bunkering Sales by Country
- 11.1.1 Middle East and Africa LNG Bunkering Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa LNG Bunkering Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa LNG Bunkering Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa LNG Bunkering Market Size by Country
- 11.2.1 Middle East and Africa LNG Bunkering Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa LNG Bunkering Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa LNG Bunkering Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 LNG Bunkering Value Chain Analysis
- 12.1.1 LNG Bunkering Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 LNG Bunkering Production Mode & Process
- 12.2 LNG Bunkering Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 LNG Bunkering Distributors
- 12.2.3 LNG Bunkering Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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