24 Jun ssLNG gathering speed
Traditionally, LNG terminals constitute large-scale projects, with the goal of providing access to clean energy to fleets, onshore transportation and households. However, the past few years have seen increased development of small-scale LNG throughout the world.
Small-scale LNG provides three major advantages. First, large-scale LNG terminals often require extensive infrastructure, which can be impractical for regions with underdeveloped infrastructure, or areas where laying pipelines is geographically impossible. Second, the cost of constructing large-scale LNG terminals can be prohibitively expensive. Finally, small-scale LNG terminals are more accessible than their larger counterparts, allowing them to meet market demand in underserved areas.
Small-scale LNG terminals, carriers and bunkering hubs are set to expand steadily in regions eager to be supplied with cleaner energy for power, ground transportation and shipping.
Looking forward, LNG remains a good solution for complying with environmental regulations, and with prices stabilizing, it may become competitive with other fuels. The number of small-scale and bunkering vessels will more than likely double in the next 2-3 years to keep up with demand.
Still, LNG remains a ways off from being a catch-all solution for clean marine fuel but it is the best available, scaleable and economical solution today and for many years to come.