Europe—ready to dock
European passenger boats are looking to LNG for fuel
European port authorities and shipping companies, particularly ferry operators, are developing more liquefied natural gas bunkering facilities as they head towards a gas-powered future. According to a study released in July by Norwegian classification society DNV GL, by 2030 up to 2m cubic meters a year of LNG will be bunkered for ships in the Iberian Peninsula and 8m cm/y by 2050. The estimates, which cover 40 ports, assume a cost of around €1bn ($1.18bn) by 2030 to develop the LNG supply chain. A corner may have been turned in terms of guarantee of supply. The study talks of "a huge potential for LNG as a marine fuel that will utilise the current spare capacity of the existing LNG import t

Also in this section
7 February 2025
The history of tin production and prices offers a preview of the future oil market. If correct, $35/bl could become the new normal for crude for several years without further OPEC+ intervention
7 February 2025
Changing oil demand patterns mean different downstream economics amid switch to naphtha, LPG and other petrochemicals
6 February 2025
Policy initiatives will take time to reverse declining output, and restoring investor confidence is far from certain
6 February 2025
This premier event is poised to address the evolving technology and investment demands of North America’s thriving chemical and pharmaceutical sectors