The 2023 data revealed significant increases in natural gas bunker consumption in the Netherlands and Spain, with year-on-year growth rates of 65.8% and 65.01% respectively. Norway and Belgium also experienced modest growth, while Estonia grew by 9.86%. Conversely, Sweden and Finland saw slight declines in consumption. Over the last five years, consumption trends indicate fluctuating demand, driven by environmental regulations and economic factors.
Future trends to watch include:
- Growing regulatory pressure to reduce emissions may drive increased natural gas use among European maritime bunkers.
- Technological advancements in ship design and engine efficiency enhancing the appeal of natural gas as a cleaner fuel option.
- Potential geopolitical shifts that could influence natural gas supply chains and pricing across Europe.
Top countries in International Maritime Bunkers Consumption of Natural Gas by Country
| # | 7 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 1,900 | 2023 | +15.67% | +65.8% | View data |
| 2 | 2 Norway | 703.35 | 2023 | +2.01% | +3.88% | View data |
| 3 | 3 Estonia | 309.28 | 2023 | +4.69% | +9.86% | View data |
| 4 | 4 Spain | 256.89 | 2023 | +34.71% | +65.01% | View data |
| 5 | 5 Sweden | 214.34 | 2023 | +2.69% | -2.93% | View data |
| 6 | 6 Belgium | 125.32 | 2023 | +24.58% | +4.46% | View data |
| 7 | 7 Finland | 11.89 | 2023 | +4.02% | -3.95% | View data |
