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

    As Europe looks to reduce its dependence on fossil fuels, a whole new market for LNG is growing to power ships

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    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.