LNG is playing a significant role in the decarbonisation of the shipping industry while improving air quality by addressing the problem of harmful local emissions. Stephen Cadden, Chief Operating Officer, SEA\LNG explains how.
Contributed by: AndrewBuckland, Principal Analyst, LNG Shipping, Wood Mackenzie
33 new LNG ships have been ordered so far this year, compared to 19 in the whole of 2017 and just six in 2016. Owners have been tempted by higher spot/short-term charter rates, still-low newbuilding prices and rapidly growing LNG trade.
Looking at LNG as a marine fuel, the IEA, in their 2017 World Energy Outlook estimates the market potential to 26 million tons per annum by 2030. According to DNV, LNG could account up to one-third of marine fuels by 2050.
Interview with DavidColson, Commercial VP, Gaztransport and Technigaz, GTT SA
Natural gas has many environmental advantages compared to oil or coal-produced electricity including the reduction in CO2 emissions as well as other environmental benefits such as a massive reduction of NOx which contributes to a better climate globall
Interview with PatrickJanssens, Vice President, Global Gas Solutions, ABS Global Gas Solutions
With many floating LNG projects looking likely to take FID this year and with the FLNG market expected to reach a capacity of 278 mtpa by 2024, it is no surprise that the evolving technology is considered to be a game changer for the liquefaction indus
Interview with ChristopherCaswell, Director LNG and FLNG, KBR
The FLNG market size for 2016 was valued at over US$10 billion and is set to exceed 300 mtpa by 2024, reported by Global Market Insights, with increasing demand for cleaner fuel driving the global growth.
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