ExxonMobil has announced its entry into the LNG marine bunkering market with plans to deploy two vessels in 2027, as the energy company expands its marine fuel portfolio to include lower greenhouse gas emission options.
The first vessel, chartered from Avenir LNG, is scheduled for delivery in the first quarter of 2027, followed by a second vessel from Evalend Shipping in the fourth quarter of 2027. Both vessels will be capable of supplying LNG and bio-LNG to marine customers.
“Both LNG and bio-LNG can help reduce lifecycle GHG emissions compared with conventional marine fuels,” said Amy Wood, ExxonMobil Global Lower Emission Fuel Manager. “As the maritime industry looks for scalable solutions to reduce GHG emissions, ExxonMobil is leveraging its skills and capabilities to deliver these fuel options.”
The company brings more than four decades of experience in LNG across the entire value chain to the venture. To support customers ready to adopt LNG before the newbuild vessels arrive, ExxonMobil is developing complementary supply solutions for early market entry.
Wood noted: “Our combination of LNG expertise and a proven record as a trusted marine industry supplier is helping us deliver these fuel options. We’re entering the LNG bunker market, starting with two bunker vessels, which can provide the capability to supply both LNG and bio-LNG.”
The initiative forms part of ExxonMobil’s broader plans to pursue up to $30bn in lower-emission investments between 2025 and 2030, with approximately 65% directed toward reducing emissions of other companies.
ExxonMobil says it plans to expand its LNG bunkering fleet over time to meet growing customer demand. The company cites supportive policies and rising demand for LNG in marine transportation as creating market opportunities.
“We’re preparing for a multifuel future that helps meet society’s growing needs for energy and essential products, while helping to reduce GHG emissions,” Wood remarked.
The supplier stressed that technology-neutral policies are needed to accelerate adoption of lower-GHG-emission marine fuels and drive innovation across the maritime sector, whilst adding that policy frameworks will also be required to scale infrastructure, enable technologies, and support the maritime industry’s energy transition.
