PartagerThe potential of LNG as a marine fuel will hinge on pricing
The potential for liquefied natural gas (LNG) to become a marine fuel on a mass scale is now a very real prospect and some experts predict that LNG will be the dominant shipping fuel by 2050.
Ships are becoming increasingly fuel-efficient thanks to cutting-edge technologies. The potential for liquefied natural gas (LNG) to become a marine fuel on a mass scale is now a very real prospect.
The International Maritime Organisation’s (IMO) imminent regulations to reduce sulphur and nitrogen oxide emissions are compelling the maritime industry to turn to LNG fuel, and experts predict that LNG will be the dominant shipping fuel by 2050.
A new study by Lloyd’s Register (LR) has found that the cost of LNG, compared with that of other fuels, will be among the main factors in determining its viability as a marine fuel of the future. The study highlights that obstacles to the adoption of LNG as a marine fuel are practical and commercial rather than technical.
The study’s base-case scenario predicted that by 2025 there could be 653 deep-sea, LNG-fuelled ships in service – most likely container ships, cruise vessels or oil tankers – consuming 24 million tonnes of LNG annually.
The International Maritime Organisation’s (IMO) imminent regulations to reduce sulphur and nitrogen oxide emissions are compelling the maritime industry to turn to LNG fuel, and experts predict that LNG will be the dominant shipping fuel by 2050.
A new study by Lloyd’s Register (LR) has found that the cost of LNG, compared with that of other fuels, will be among the main factors in determining its viability as a marine fuel of the future. The study highlights that obstacles to the adoption of LNG as a marine fuel are practical and commercial rather than technical.
The study’s base-case scenario predicted that by 2025 there could be 653 deep-sea, LNG-fuelled ships in service – most likely container ships, cruise vessels or oil tankers – consuming 24 million tonnes of LNG annually.