LNG

LNG to benefit from IMO and EU sulphur regulations

The restrictions could cause a spike in oil prices in 2020 and are forcing shippers to look again at LNG as a marine fuel The restrictions could cause a spike in oil prices in 2020 and are forcing shippers to look again at LNG as a marine fuel.
By Peter Stewart 1 November 2018 0 33131
An LNG-fuelled ferry in Norway. (Fjord Line)

Shipping companies around the world are scrambling to meet new fuel standards being put in place by the EU and the International Maritime Organization (IMO). Although the switch will not be immediate, LNG is back on the table again as potentially the main beneficiary.

Delegates at the Gas Asia Summit in Singapore this week said many shipping companies are largely unprepared for the tightening of the IMO regulations, which would see the limit on the sulphur content of marine fuels cut from 3.5%...