LNG-capable fleet could nearly double over next five years - Shell

More than 850 LNG-capable vessels are already in operation globally, and the fleet could nearly double over the next five years if deliveries proceed as planned, according to Shell.

IMAGE: Shell's LNG carrier, the Zoe Knutsen. Shell's LinkedIn

More than 850 LNG-capable vessels are already in operation globally, and the fleet could nearly double over the next five years if current orderbook deliveries proceed as planned, according to Shell.

LNG bunker demand is set to grow sharply, from around 3-4 million mt in 2025 to roughly 26 million mt by 2035, the company's predicts.

Growth is projected to continue through the 2040s, from 38 million mt by 2040 and peak at 44-45 million mt by 2045.

Earlier this month, Jiangnan Shipyard won an order to build four LNG dual-fuel carriers for Shell.

By Gautamee Hazarika

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