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LNG consumption as marine fuel nearly doubled in 2020

You are here: Home / Industry Feed / LNG consumption as marine fuel nearly doubled in 2020

June 21, 2021 by realisma

Risavika LNG also increased 1.7% week on week and was at 35.80 EUR/MWh for July contracts.

With levels of LNG-powered vessel adoption increasing, additional growth in demand for LNG as a marine fuel is also anticipated to rise.

The positive trajectory of LNG, often seen as a viable alternative fuel for the shipping industry, was on the back of a higher number of LNG-propelled vessels and development of LNG bunkering capabilities in recent years.

The figures illustrate the dramatic rise, with 20 LNG-propelled vessels being added on average, each year since 2017, the operational fleet possess 175 such vessels and an order book of over 200.

Category iconIndustry Feed Tag iconindustry news

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