Floating fuel opportunities for LNG
LNG's brightest potential, for now, is on the seas
Shipping is one sector where the gas industry has high hopes of making a big dent in the transport market. Stringent restrictions already in force on levels of sulphur oxide (SOx) emissions from marine transport in waters controlled by the EU and US are already causing headaches for ship owners, who see LNG as a clean alternative to polluting marine oil and its more expensive low-sulphur variants. Emissions Control Areas (ECAs) in the EU and US already restrict the sulphur content of shipping fuel to 0.1%, while the International Maritime Organisation (IMO) is set to reduce the global limit from 3.5% to 0.5% in either 2020 or 2025. LNG used as a shipping fuel produces virtually no SOx emissi
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