LR introduces standard for clarity on levels of LNG fuelled preparedness
Justifying design and production requirements and CAPEX investment In response to industry demand for clarity over options for gas readiness, Lloyd's Register has established clear standards describing different levels of readiness to use gas as a marine fuel.While LNG as fuel has been adopted in projects that make commercial sense already, like Northern Europe ferry routes, most deep sea players who are interested in the potential of gas fuelled operations are not yet ready to commit to LNG fuel but want to have the option to adopt gas as a fuel in the future built into newbuilding projects.Moreover, those looking at a gas fuelled future will have varying appetites for levels of investment and preparedness based on clarity over their options at the newbuilding stage, and then through operational life.Luis Benito commented, "We identified a blocker to progress in this area and listening to, and working with, shipyards and owners we have developed this notation, with clearly identifiable levels, to enable technical and contractual decisions as to what different levels of gas readiness mean.""This means that shipyards can be clear about what they are offering and buyers know what they are getting - and at what price. This is a ...
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