SEA-LNG – LNG Pathway: Mid-year Market Review, Jul 2025

The report focuses on the analysis of the market and the development of the use of liquefied natural gas (LNG) in shipping as a pathway to decarbonization.

Key findings include the growth in demand for dual-fuel ships operating on LNG in 2024, indicating the industry's drive towards decarbonization. The LNG pathway is seen as the most practical and realistic solution for reducing greenhouse gas (GHG) emissions and harmful local emissions (SOx, NOx, and black carbon). Regulations, such as the inclusion of shipping in the European Union Emissions Trading System and the implementation of FuelEU Maritime, are contributing to the growth of the LNG market. LNG is considered the most reliable and immediate option for achieving emission reduction targets by 2050 using biomethane and e-methane.