Read or download “Accelerating the Adoption of LNG as a Marine Fuel” here.
SEA\LNG IS A MULTI-SECTOR INDUSTRY COALITION, CREATED TO ACCELERATE THE WIDESPREAD ADOPTION OF LIQUEFIED NATURAL GAS (LNG) AS A MARINE FUEL. OUR VISION IS OF A COMPETITIVE GLOBAL LNG VALUE CHAIN FOR CLEANER MARITIME SHIPPING BY 2020.
With a major transition to stricter emissions levels from marine bunker fuel due in 2020, when the global Sulphur cap will be reduced to 0.5%, SEA\LNG has called for a candid appraisal of barriers to LNG as a marine fuel. Ship owners, fuel suppliers, and other associated supply chain stakeholders will need to make major investments to comply with these new global regulations. By addressing the core issue; the fuel itself, LNG provides a viable solution for the long term. However, barriers need to be better understood and overcome if LNG is to reach its full potential.
These barriers include LNG infrastructure and market maturity; the lack of understanding of LNG’s benefits among end users, investors, governments and civil society; capital expenditure (capex) premiums for vessels and bunkering infrastructure; and fragmented and evolving regulations.
For further information please see SEA\LNG’s “Accelerating the Adoption of LNG as a Marine Fuel,” which outlines in detail why LNG provides an essential solution for the long term, more detail on addressing the key barriers to uptake, and how SEA\LNG will work towards an effective global LNG value chain for cleaner maritime shipping.