01 Sep LNG – THE ONLY VIABLE FUEL today
probunkers supports SEA-LNG report regarding LNG as fuel viability:
“Waiting for a “utopian solution” risks locking the maritime industry into the highly polluting conventional oil-based marine fuels for years, if not decades, to come.
Today, and for the foreseeable future, LNG
is the only viable fuel for deep-sea ocean shipping which improves both air quality and GHG performance.
LNG’s key attribute is its safety. LNG is easy to transport, poses minimal risk to marine environments, has a low flammability range and is non-toxic. Effective regulations, standards and guidelines for safe operations are widespread, and LNG has been shipped around the world for 50 years without any major incidents at sea or in ports.
Estimated that of the $1-1.4 trillion investment needed to reduce the shipping industry’s GHG emissions by 50% by 2050, in line with current IMO targets, only 13% relates to ships themselves. 87% of this enormous cost is needed to construct the land-based infrastructure and production facilities for low carbon fuels.
Liquefied Bio Methane (LBM) and Liquefied Synthetic Methane (LSM) as fuels in existing LNG vessels the Industry is getting very close to reaching that goal today as witnessed in recent small scale tests.
LNG dual-fuel engines can accelerate decarbonisation of the shipping sector. Not only do they enable significant GHG reductions to be achieved now but, they offer the industry a realistic decarbonisation pathway.