Shipping has vowed to be net zero by 2050
Zero-carbon shipping needs significant R&D investment
The shipping industry is charting its own course to decarbonisation
On the fringes of Cop26, away from the protests and pledges, the shipping industry held a landmark decarbonisation conference. Aimed at translating bold words into affirmative actions, the unprecedented gathering of shipowners and ministers set out the future of powering the industry which underpins global trade. In 2022 and beyond, we know that that future must be green, and so too the fuels we put in our ships. Whether ammonia, hydrogen or biofuel (there are many others), there is a real willingness to move our industry away from the carbon-intensive present. This change is none too soon. Our energy needs are sizeable and will only have risen since the boom in demand for trade following th
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US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
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Growth in LNG supply will surpass the rise in demand in 2026 for the first time in years, according to Mike Fulwood, senior research fellow at the OIES, but lower prices are likely to encourage fuel switching and could create more demand on a permanent basis
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Awais Ali Butt, manager for sales and business development at Pakistan LNG Ltd, discusses LNG’s role in energy security across developing, price-sensitive economies, as well as examining trade-offs between buying strategies and the impact of lower prices and policy on import behaviour
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LNG’s technical maturity, availability and price, as well as regulation, have driven its rapid adoption as a marine fuel, yet its future in shipping will depend on transition policies and progress in cutting methane emissions and scaling bio- and synthetic LNG, according to Carlos Guerrero at Bureau Veritas
