Opportunities grow as shippers chart course with LNG
Rapid uptake of LNG-powered vessels presents multi-billion dollar opportunity for gas producers
Stricter environmental regulations could provide gas producers with a billion-dollar business opportunity over the next few years, as the number of ships using liquefied natural gas (LNG) for fuel looks set to expand rapidly. There are around 30 LNG-fuelled ships currently in operation, but the fleet could increase to 10,000 by 2020 due to new global maritime regulations effectively outlawing heavy fuel oil (HFO) for ship fuel, according to Norwegian LNG bunkering firm Gasnor. And this could add another 5 million tonnes a year of LNG demand, head of commercial Trude Gullaksen told Petroleum Economist. At $8 per million British thermal units (Btu), the average European gas price, this would m
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
