Major players pull back from China LNG bunkering

Early entrants to China’s LNG bunkering market are retreating from the sector, stung by a lack of appetite for LNG as a marine fuel Early entrants to China’s LNG bunkering market are retreating from the sector, stung by a lack of appetite for LNG as a marine fuel.
By Li Xin 26 April 2017 0 25642
An LNG bunkering station in Chongqing. Players in the sector are scaling back their ambitions. (China Gas Holdings)

Early backers of LNG bunkering in China – including some of the country’s largest gas suppliers – are scaling back their plans as the use of LNG as a shipping fuel is failing to live up to lofty expectations.

National supply companies such as China Gas Holdings, Kunlun Energy and China National Offshore Oil Corp. (CNOOC) have sought to create a new market for LNG in recent years by financing the construction of new ships or the retrofit of existing vessels to run on the fuel....

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