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.
