As Europe looks to reduce its dependence on fossil fuels, a whole new market for LNG is growing to power ships
The shipping industry is becoming more reliant on gas to power its vessels. Today, 923 ships can be powered with liquefied natural gas (LNG) and 534 LNG-powered vessels are on order around the world. This trend is occurring at the same time as Europe experiences an energy crisis that could lead to a complete cut-off of Russian gas exports to Europe, disrupting gas supply and affecting people’s ability to heat their homes – an aspect already worsened by skyrocketing prices.
T&E's assessment of the impact of the IMO's draft Net-Zero Framework
Negotiators in London agreed for the first time on a framework that will require ships to switch away from fossil fuels, but the rules as they stand w...
Constance Dijkstra explains what needs to happen at the ongoing IMO negotiations