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.
Vote to adopt the Net-Zero Framework postponed for one year
US, UAE, Saudi Arabia and other oil producing countries are pressuring EU to abandon its green shipping measures in return for weaker global deal
29 leading green fuel producers call for leaders to adopt the International Maritime Organization’s (IMO) Net Zero Framework and to provide specific i...