Floating fuel opportunities for LNG
LNG's brightest potential, for now, is on the seas
Shipping is one sector where the gas industry has high hopes of making a big dent in the transport market. Stringent restrictions already in force on levels of sulphur oxide (SOx) emissions from marine transport in waters controlled by the EU and US are already causing headaches for ship owners, who see LNG as a clean alternative to polluting marine oil and its more expensive low-sulphur variants. Emissions Control Areas (ECAs) in the EU and US already restrict the sulphur content of shipping fuel to 0.1%, while the International Maritime Organisation (IMO) is set to reduce the global limit from 3.5% to 0.5% in either 2020 or 2025. LNG used as a shipping fuel produces virtually no SOx emissi
Also in this section
25 November 2024
The Nigerian mega-refinery has yet to reach its full product-producing potential
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
