LNG bunkering growth carries on – but shipowners mull greener alternatives

Only Subscribers can read the full Article

Ahead of the COP26 climate summit in Glasgow, UN Secretary-General Antonio Guterres said that the shipping and aviation sectors have failed to cut their greenhouse gas (GHG) emissions and that their current commitments are more aligned with global warming going “way above” 3 degrees Celsius, as opposed to the limit of 1.5 degrees Celsius agreed at COP21 in Paris in 2015. Shipping currently accounts for 2-3% of global GHG emissions, similar to that of aviation, but emissions from the maritime sector are growing.

The vast majority of fuels used by ships are oil-based, though shipowners now have to comply with a global 0.5% sulphur content cap in place since 1 January 2020. But LNG is finally established as a niche market that continues to grow, despite experiencing a slowdown due to the Covid-19 pandemic, with around 30 bunkering vessels now in operation in key regions. The outlook for the sector remains broadly optimistic, despite LNG being perceived as a transitional fuel and potential competition from greener options, such as ammonia and methanol.

Subscription Benefits

Our three titles – LNG Business Review, Gas Matters and Gas Matters Today – tackle the biggest questions on global developments and major industry trends through a mixture of news, profiles and analysis.

LNG Business Review

LNG Business Review seeks to discover new truths about today’s LNG industry. It strives to widen market players’ scope of reference by actively engaging with events, offering new perspectives while challenging existing ones, and never shying away from being a platform for debate.

Gas Matters

Gas Matters digs deep into the stories of today, keeping the challenges of tomorrow in its sights. Weekly features and interviews, informed by unrivalled in-house expertise, offer a fresh perspective on events as well as thoughtful, intelligent analysis that dares to challenge the status quo.

Gas Matters Today

Gas Matters Today cuts through the bluster of online news and views to offer trustworthy, informed perspectives on major events shaping the gas and LNG industries. This daily news service provides unparalleled insight by drawing on the collective knowledge of in-house reporters, specialist contributors and extensive archive to go beyond the headlines, making it essential reading for gas industry professionals.

Did you know that your Internet Explorer Browser is out of date?

Your MS Internet Explorer browser is out of date, and will not be fully compatible with our website. For best browsing experience we recommend that you upgrade your IE browser to a more recent version or use an alternative, more recent browser.