Financing marine LNG
With the deadline for IMO regulations approaching, the industry is closely evaluating the business case for liquefied natural gas
LNG has long featured as a means to an end: a way of transporting natural gas from source to markets. But it was only in 2000 that a Norwegian ferry, the Glutra, entered service as the first non-LNG carrier vessel to be powered itself by the fuel. Since then, the fleet has grown significantly. As the idea of LNG-fuelled ships has gained traction, financial officers and accountants at shipping firms around the globe have had to crunch the numbers to see how it might work for them. Industry officials believe a blend of regulation, reputational issues, logistics and economics will drive further growth of the market for LNG as a marine fuel. But in the immediate aftermath of the introduction of
Also in this section
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
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
