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Middle-East and Africa LNG Bunkering Market Size (2024 - 2029)

The Middle-East and Africa LNG bunkering market is poised for growth, driven by stringent environmental regulations and the abundant availability of natural gas. The focus on maintaining fossil fuel sustainability and minimizing environmental impact further propels the market. Despite the high costs associated with reducing sulfur content in conventional fuels, the market's expansion is supported by opportunities to serve European ships with strict environmental norms. The United Arab Emirates is emerging as a key player in the region's LNG bunkering activities, contributing to the market's development.

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Market Size of Middle-East and Africa LNG Bunkering Industry

Middle-East and Africa LNG Bunkering Market: Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 4.65 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

MEA LNG Bunkering Market Analysis

The Middle-East and Africa LNG bunkering market is expected to grow at a CAGR of more than 4.65% over the period of 2020-2025. Stringent environmental regulations to curb emissions coupled with the abundant availability of natural gas is expected to stimulate industry growth. Also, increasing focus to maintain fossil fuel sustainability along with rising concerns to minimize environmental impact are some of the driving factors for the LNG bunkering market in the region. Moreover, reducing the sulfur content from conventional fuel is capital intensive, which is likely to hamper the market studied.

  • As of 2019, the tanker fleet has accounted for the largest market share and is expected to continue the same trend during the forecast period.
  • Implementation of LNG bunkering activities also provides a great opportunity for the Middle-East and Africa regional LNG bunkering operator companies to serve the inbound European ships, which have strict environmental regulation norms to follow.
  • The United Arab Emirates has been one of the major emerging countries in the implementation of LNG bunkering activities in the Middle-East and African region during the forecast period.

MEA LNG Bunkering Industry Segmentation

The Middle-East and Africa LNG bunkering market report includes:

End-User
Tanker Fleet
Container Fleet
Bulk & General Cargo Fleet
Ferries & OSV
Others
Geography
The United Arab Emirates
Qatar
South Africa
Rest of Middle-East and Africa
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Middle-East and Africa LNG Bunkering Market Size Summary

The Middle-East and Africa LNG bunkering market is poised for significant growth, driven by stringent environmental regulations aimed at reducing emissions and the abundant availability of natural gas in the region. The focus on maintaining fossil fuel sustainability and minimizing environmental impact further propels the market's expansion. However, the high capital costs associated with reducing sulfur content in conventional fuels may pose challenges. The tanker fleet, which includes various categories such as small, intermediate, medium-range, and large tankers, currently dominates the market share and is expected to maintain this trend. The shift from standard fuel oils and diesel to low sulfur content fuel or LNG, as mandated by IMO 2020 regulations, is anticipated to enhance LNG's reliability as a fuel source for tankers.

The United Arab Emirates emerges as a key player in the region's LNG bunkering activities, leveraging its substantial oil and gas reserves. The country's strategic initiatives, such as the expansion of the Port of Fujairah to include a ship-to-ship LNG transfer facility, underscore its commitment to enhancing bunkering capabilities. This expansion not only caters to regional demands but also positions UAE companies to serve European ships adhering to strict environmental norms. The moderately consolidated market features prominent players like Royal Dutch Shell, Total SA, and JGC Holdings Corporation, who are instrumental in driving the growth and development of LNG bunkering facilities across the Middle-East and Africa.

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Middle-East and Africa LNG Bunkering Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 End-User

      1. 2.1.1 Tanker Fleet

      2. 2.1.2 Container Fleet

      3. 2.1.3 Bulk & General Cargo Fleet

      4. 2.1.4 Ferries & OSV

      5. 2.1.5 Others

    2. 2.2 Geography

      1. 2.2.1 The United Arab Emirates

      2. 2.2.2 Qatar

      3. 2.2.3 South Africa

      4. 2.2.4 Rest of Middle-East and Africa

Middle-East and Africa LNG Bunkering Market Size FAQs

The Middle-East and Africa LNG Bunkering Market is projected to register a CAGR of greater than 4.65% during the forecast period (2024-2029)

Royal Dutch Shell PL, Total SA, Crowley Maritime Corporation, Nauticor GmbH & Co. KG and JGC HOLDINGS CORPORATION are the major companies operating in the Middle-East and Africa LNG Bunkering Market.

Middle-East and Africa LNG Bunkering Report Snapshots

Middle-East and Africa LNG Bunkering Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)