Germany’s cabinet approved on March 27 a plan to facilitate LNG project companies to invest in new LNG terminals, under the country’s efforts to diversify its sources of gas. Namely, LNG companies will have to pay only a 10% share of the connection costs for LNG. Economy minister Peter Altmaier believes that it is key for the supply security of gas in Germany to use as many supply routes and sources as possible.
During the 219 SAFETY4SEA Cyprus Conference, Dr. John Kokarakis, Director Technical Business Development, HBSA Zone, Bureau Veritas, provided an in-depth overview of all the environmentally-friendly marine fuel solutions for compliance with the 2020 sulphur cap.
During the first SAFETY4SEA Conference in Singapore, Mr. Sean Hutchings, Chief Technical Officer, Thome Group of Companies, discussed what key environmental fuel options are available for operators to achieve compliance with the upcoming 2020 Sulphur cap and shared his experience on the hidden challenges surrounding each choice.
The GHG footprint of LNG is worse than this of the current conventional fuels, argues Mr. Panos Zachariadis, Technical Director of Atlantic Bulk Carriers Management. With this respect, LNG should be viewed only as a SOx and NOx compliant fuel and those that invest in it ‘should proceed on these grounds’, he notes.
Faced with a decision with huge cost implications, shipowners are considering all options on how to tackle sulphur emissions. Although any possible delay was ruled out during IMO MEPC 71, industry stakeholders think that a postponement of the 2020 deadline is possible, likewise the time extension of the BWM Convention.
Ahead of the 2020 sulphur cap, ship operators and oil refiners are preparing for implementation. The oil refining industry has to ensure that sufficient quantities of compliant fuel will be able to be produced. But governments need to monitor this carefully to keep the supply of compliant fuel as tight as possible.
The clock is ticking for the 0.5%sulphur cap and although this measure is about to become effective globally in two years from now, the route to compliance remains foggy. SAFETY4SEA seeks to collect essential data reflecting trends with respect to industry’s readiness to comply with the 0.5% sulphur cap.
Although LNG is a very environmentally friendly solution and its cost price is close to other fuels, the lack of LNG infrastructure is a main challenge for the operators to invest in LNG, said Karin Orsel, CEO, MF Shipping Group & President KVNR, at an exclusive interview with GREEN4SEA at Europort Conference, in early November.
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