The several benefits provided by LNG are propelling the target market forward. Various end-users are projected to prioritize LNG as a replacement for traditional fuels such as marine diesel oil (MDO) and heavy fuel oils (HFO). LNG as a Bunker Fuel Market has a high combustion efficiency, a lower volume than natural gas, produces 90% fewer nitrogen oxides (NOx) than MDO and HFO and emits almost no particulate matter or sulfur oxides. This has resulted in the widespread use of LNG as a fuel in the maritime industry.
According to the World Ports Climate Initiative, for example, restrictions addressing sulfur content in fuel and nitrogen oxide (NOx) emissions are getting more stringent in the marine industry.
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