Due to temporary import and export limitations during the COVID-19 pandemic, the market suffered. Due to the growing demand for LNG as bunker fuel in maritime transportation, the LNG Bunkering Market did recover from the dropping revenues in the second half of 2021. With a stronger emphasis on sustainable development, LNG is being used more frequently as a shipping fuel, which is a major driver of the industry. The strict environmental laws governing the sulphur content of marine gasoline and the pollution brought on by ship transportation can be held responsible for this. In keeping with this, ongoing improvements to LNG's distribution infrastructure are boosting the market. Additionally, a considerable uptick in gas exploration and production activity worldwide is improving the market outlook.
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