With a global oil glut that is estimated to take five years to clear , the big oil companies are developing new markets to boost demand , including deals to supply fuel for cruise ships , container ships and trucking companies . Investing heavily in massive production facilties that chill natural gas to a liquid for exporting , especially in Australia , which is positioned to become the leading exporter , the global energy companies are banking on a rise in liquid natural gas ( LNG ) as a marine fuel . PERTH, Australia—Natural gas transported across the world’s oceans by ship has helped to displace coal burned in European power plants and Chinese household cookers. Research by IHS , an engineering and analytics company , forecast LNG demand in trucking and shipping to grow to 10 % of all traded LNG by 2030 . However , lack of infrastructure and competition from low oil prices remain challenges .
With a global oil glut that is estimated to take five years to clear , the big oil companies are developing new markets to boost demand , including deals to supply fuel for cruise ships , container ships and trucking companies . Investing heavily in massive production facilties that chill natural gas to a liquid for exporting , especially in Australia , which is positioned to become the leading exporter , the global energy companies are banking on a rise in liquid natural gas ( LNG ) as a marine fuel . Research by IHS , an engineering and analytics company , forecast LNG demand in trucking and shipping to grow to 10 % of all traded LNG by 2030 . However , lack of infrastructure and competition from low oil prices remain challenges .