LNG industry eagerly awaits IMO decision
The Stavangerfjord LNG-fuelled ferry. Emission limits could boost gas as a marine fuel. (Kimm Saatvedt, Palookaville)
The International Maritime Organization (IMO) will decide in October whether to bring forward the implementation date for stricter sulphur emission limits for the global shipping industry. The move is eagerly awaited by industry players as it would spur the use of gas for transport.
"If, next month, the IMO decides to [bring the date forward], the whole world will have to comply with 0.5% sulphur emission standards, which will mean that fuel oil will not be used anywhere anymore," Juan Carbayo, director of business development and markets regulation at Spanish oil and gas company Cepsa, told Interfax Natural Gas Daily on the sidelines of the LNGgc conference in London on Wednesday.