Briefing

Heating vs shipping: Why it makes no sense to have gas-powered ships

October 20, 2022

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.

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