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Europe’s largest bunkering port and home of the Gate LNG import terminal reported LNG volumes of 230,129 cubic meters in the first quarter of this year, the third-highest quarterly volumes.
First-quarter volumes rose 6.9 percent compared to 215,247 cbm in the first quarter last year.
LNG bunkering volumes dropped 12.5 percent compared to 263,068 cbm in the previous quarter, which marked a new quarterly record.
In 2024, the port reported LNG bunkering volumes of 941,366 cubic meters.
This marked a new yearly record and a rise of 52 percent compared to 2023.
The port said that the demand for LNG bunkering in 2024 rebounded to previous levels after a decline during the period of inflated gas prices.
Besides lower prices, the global LNG-powered fleet continues to increase.
DNV’s latest data shows that there are now 690 LNG-powered ships in operation and 644 LNG-fueled vessels on order.
According to the data, there were orders for 52 LNG-powered ships in January-March this year.
DNV previously said that a record of 264 LNG-powered ships were ordered in 2024, while the number of LNG bunker vessels in operation grew from 52 to 64 over the last year.