LNG Demand for Marine Fuel Set to Skyrocket by 2030 ...Middle East

Economy by : (OILPRICE) -
Global LNG demand growth will be supported not only by higher power and gas consumption but also by surging demand from the shipping industry, where liquefied natural gas is poised to become key to replacing the dirtier fuel oil and other oil-based marine fuels.  Demand for LNG bunkering is expected to at least double by the end of the decade, industry executives and experts have told Reuters. “LNG is great because the infrastructure is there. It's readily available ... maybe later on it's going to be, hopefully, quite cheap as well,”…

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