Tag: SEA LNG

SEA-LNG, a multi-sector marine fuel coalition, says that methane slip from LNG-fuelled vessels is a recognised problem that the maritime industry has been actively addressing for well over a decade.

Analysis from multi-sector marine fuel coalition, SEA-LNG, has found that LNG-fueled vessels will be able to continue operating as normal under the system until after 2030, while fossil LNG blended with bioLNG and renewable synthetic LNG will further extend compliance to 2050 and beyond.

SEA-LNG supports the objectives of the European Commission to create a common regulatory framework to address maritime greenhouse gas (GHG) emissions in line with the European Green Deal objectives.

SEA-LNG voiced its support for the Global Methane Pledge, which says is positive news for LNG as a marine fuel.

The debate around new fuels continues, but one thing is clear: the shipping industry needs clarity of regulation, trust in technology and evidence of a strong supply chain, argues Steve Esau, General Manager at SEA-LNG.  

SEA-LNG warns that barring fuels for industry decarbonisation strategy will hamper drive towards net-zero.

According to the latest report from Clarkson Research Services, LNG-fuelled vessel orders are approaching 30% of Gross Tonnage on order, representing a substantial part of shipping’s overall capacity when these vessels are delivered.

The EU recently published “Fit for 55” package recognizes that operationally proven and commercially available LNG and bioLNG provide a first step on the journey to shipping decarbonization, industry group SEA LNG said, welcoming the move. 

A greater understanding around the comparative pricing, vessel performance, and procurement of marine fuels is required to avoid costly mistakes as companies are planning their decarbonization pathway, the industry coalition SEA-LNG advised. 

Not for profit coalition SEA LNG opposed to a recent report by the World Bank which found that LNG cannot form a large proportion of the bunker fuel mix in 2050 due to its carbon intensity, in line with Paris Agreement and Initial IMO GHG Strategy.