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Shell anticipates huge demand for LNG as a ship fuel

LNG as a growing ship fuel will be a source of big business growth for Shell, its head of integrated gas, Maarten Wetselaar told investors in London this week. Wetselaar said the transport sector had become “a major new sector” for the LNG market.

Shipping and the heavy trucking market together represent about 750m tonnes of potential LNG demand, roughly three times the current global LNG supply, Wetselaar said.

On the back of last week’s fuel announcements from the IMO, Wetselaar said that by 2025, 35m to 60m tonnes of LNG a year could be going into transport, rising potentially past 100m tonnes by 2030.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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