LNG fuelling is projected to account for almost 200,000 barrels of oil equivalent per day of global bunker demand in 2020, but could take until the 2040s to overtake oil-based fuels, Alphatanker says.
The Paris-based analyst notes that important developments have occurred on both sides of the “chicken and egg” equation — focusing on which should come first — construction of LNG powered ships or the bunking infrastructure to serve them.