China LNG Bunkering Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
China is one of the major emerging markets in LNG bunkering. The country is already the second-largest LNG importer in the world. The China LNG bunkering market is expected to grow at a CAGR of more than 5.9% over the forecast period. The prime factor, such as the IMO sulfur cap regulation and the country’s commitment toward reducing greenhouse gas emission is expected to drive the adoption of LNG as a marine fuel in the market. However, the significant decline in traffic as a result of the US-China trade war which affects adversely on import and export values of the country is likely to restrain the LNG bunkering market over the forecast period.
Key HighlightsThe China LNG bunkering market is consolidated. Some of the key players in the market include ENN Energy Holdings Ltd, Total S.A., and JERA Co Inc.
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