The Global LNG Bunkering Market was valued at USD 1.04 Billion in 2022 and is projected to reach USD 2.09 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period (2023–2029). This robust growth is driven by stringent International Maritime Organization (IMO) emissions regulations, the global push for cleaner maritime fuels, and significant infrastructure development across key ports worldwide.
As the maritime industry accelerates its transition towards decarbonization, LNG has emerged as a leading alternative fuel, offering substantial reductions in sulfur oxides (SOx), nitrogen oxides (NOx), and carbon dioxide (CO2) compared to conventional marine fuels. In this blog, we profile the Top 10 Companies in the LNG Bunkering Industry—a dynamic mix of energy majors, specialized gas companies, and infrastructure developers shaping the future of global shipping fuel.
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🔟 1. Gasum
Headquarters: Espoo, Finland
Key Offering: LNG bunker supply, LNG logistics, Bio-LNG solutions
Gasum is a Nordic energy company and a pioneer in the LNG bunkering market, operating an extensive network of LNG fueling stations and bunkering vessels. The company provides maritime LNG supply services across the Baltic Sea, North Sea, and Norwegian Sea, serving a growing fleet of LNG-powered vessels.
Sustainability Initiatives:
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Expanding its LNG and bio-LNG infrastructure across Northern Europe
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Commits to carbon-neutral LNG chain by 2025
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Key partner in the Nordic Maritime Transport and Energy Forum
9️⃣ 2. Shell (Gasnor)
Headquarters: London, United Kingdom (Gasnor: Bergen, Norway)
Key Offering: LNG bunkering, small-scale LNG distribution
Following its acquisition of Gasnor, Shell has become a global leader in LNG bunkering. The company leverages its extensive LNG portfolio and supply chain expertise to offer bunkering services in major ports worldwide, including key hubs in Europe, Asia, and North America.
Sustainability Initiatives:
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Investing in LNG bunkering vessels and import terminals
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Aiming to become a net-zero emissions energy business by 2050
8️⃣ 3. Equinor (formerly Statoil)
Headquarters: Stavanger, Norway
Key Offering: LNG supply, offshore bunkering solutions
Equinor is a major energy company with a strong focus on natural gas and LNG. The company is actively involved in developing LNG bunkering infrastructure in Norway and is a key supplier to the growing market for LNG-fueled offshore support vessels (OSVs) and ferries.
Sustainability Initiatives:
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Developing low-carbon value chains for natural gas
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Targeting net-zero emissions by 2050
7️⃣ 4. Barents Naturgass
Headquarters:
Key Offering:
Barents Naturgass is a key player in the Norwegian LNG bunkering market, specializing in small-scale LNG distribution. The company supplies LNG to vessels and industrial customers in Northern Norway, leveraging its proximity to the Snøhvit LNG plant. Sustainability Initiatives: Promoting LNG as a clean fuel for Arctic shipping Focusing on reducing emissions in sensitive northern ecosystems Download FREE Sample Report: LNG Bunkering Market – View in Detailed Research Report Headquarters: Courbevoie, France Engie is a global leader in LNG, involved in the entire value chain from production to bunkering. The company develops LNG infrastructure projects and provides bunkering solutions, with a strong presence in the Mediterranean and Northern European markets. Sustainability Initiatives: Investing in renewable gas and hydrogen projects Committed to achieving net-zero carbon footprint by 2045 Headquarters: Hamburg, Germany (Bomin) The joint venture between Bomin (a marine fuel supplier) and Linde (a global industrial gases and engineering company) focuses on developing a comprehensive LNG bunkering network in key European ports. They combine expertise in marine fuel logistics and cryogenic gas handling. Sustainability Initiatives: Developing ship-to-ship and truck-to-ship bunkering capabilities Focus on safe and efficient LNG transfer technologies Headquarters: Stavanger, Norway Eni Norge, part of the Eni group, is involved in natural gas production on the Norwegian continental shelf and is active in supplying LNG for bunkering. The company supports the development of LNG as a marine fuel, particularly for the offshore and shipping industries in Norway. Sustainability Initiatives: Investing in decarbonization technologies for oil and gas Commits to net-zero emissions by 2050 Headquarters: New Orleans, Louisiana, USA Harvey Gulf is a pioneering North American company that operates the first LNG-powered offshore supply vessel fleet in the Americas. The company has also developed its own LNG bunkering infrastructure to support its fleet and other vessels in the Gulf of Mexico. Sustainability Initiatives: Leader in adopting LNG for offshore operations Investing in battery hybrid technology for further emissions reduction Headquarters: Swinoujscie, Poland Polskie LNG operates the Świnoujście LNG terminal in Poland, a key infrastructure asset for diversifying gas supplies in Central and Eastern Europe. The company is expanding its services to include LNG bunkering, supplying truck-to-ship LNG for vessels in the Baltic Sea region. Sustainability Initiatives: Expanding terminal capacity to support regional energy security and clean marine fuel supply Contributing to the development of the Baltic Sea as a Sulphur Emission Control Area (SECA) Headquarters: Dajeon, South Korea Korea Gas Corp is the world’s largest corporate LNG importer. The company is leveraging its massive LNG infrastructure to develop bunkering services at major South Korean ports, positioning itself as a key supplier for the growing fleet of LNG-fueled vessels built in Korean shipyards. Sustainability Initiatives: Investing in hydrogen and ammonia as future marine fuels Expanding LNG bunkering to support South Korea’s green shipping goals Get Full Report Here: LNG Bunkering Market – View in Detailed Research Report The LNG bunkering market is at a pivotal juncture. While it currently represents the most commercially viable clean fuel option for deep-sea shipping, the industry is already looking ahead to bio-LNG and synthetic LNG to achieve deeper decarbonization goals. Strategic partnerships and massive infrastructure investments are defining the competitive landscape. Rapid expansion of LNG bunkering infrastructure in Asia-Pacific and Europe Increasing order book for LNG-fueled newbuild vessels Development of bio-LNG and synthetic LNG supply chains Standardization of bunkering procedures and safety protocols globally Get Full Report Here: LNG Bunkering Market – View in Detailed Research Report The companies listed above are not only building the infrastructure for today’s cleaner shipping—they’re laying the foundation for a carbon-neutral maritime future.
6️⃣ 5. Engie
Key Offering: Integrated LNG solutions, bio-LNG, bunkering services
5️⃣ 6. Bomin and Linde
Key Offering: Joint venture for LNG bunkering infrastructure
4️⃣ 7. Eni Norge
Key Offering:
3️⃣ 8. Harvey Gulf International Marine
Key Offering:
2️⃣ 9. Polskie LNG
Key Offering:
1️⃣ 10. Korea Gas Corp (KOGAS)
Key Offering:
🌍 Outlook: The Future of LNG Bunkering Is Strategic and Scalable
📈 Key Trends Shaping the Market: