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Policy & Regulation

Methanol as a marine fuel may support gas demand

The switch to alternative shipping fuels such as methanol could boost gas demand in the short term, but the future of LNG as a shipping fuel looks less certain The switch to alternative shipping fuels such as methanol could boost gas demand in the short term, but the future of LNG as a shipping fuel looks less certain.
By Christian Ernhede 14 November 2019 World / Alternative Fuels 0 34783
LNG bunkering vessel, the Engie Zeebrugge. (Port of Rotterdam)

The key issue: With the IMO imposing a strict sulphur limit on global shipping from 2020 and setting a target to halve CO2 emissions by 2050, shipowners are searching for lower-emission alternatives – including methanol produced from natural gas.

Interfax analysis: A coming technological shift in the shipping industry has created an opportunity for natural gas, with key alternative fuels such as methanol being natural gas derivatives.

The International Maritime Organization (IMO) is implementing strict new emission standards for the shipping industry from January 2020, lowering...