The oil and gas industry has aggressively pitched LNG as a bridge fuel until low- or zero-emission alternatives are fully developed in the shipping sector.
The fossil fuel and shipping industries just got a serious shot across the bow over relying on liquefied natural gas as a transition fuel.
The IMO’s new emissions strategy now considers the full life cycle of shipping fuels — also known as well-to-wake greenhouse gas emissions. Half of all newly built cruise ships and a large share of recently built container ships are designed to be fuelled with LNG, he said. He noted the European Union is also set to regulate methane as soon as 2025 under new fuel standards aimed at decarbonizing the maritime sector.
“When some of these infrastructure decisions are being made, there are probably better things to spend your money on.”
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