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
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
