LNG as a marine fuel in the EU
In light of the recently adopted initial IMO strategy on reduction of GHG emissions and the Paris agreement, there is a need to better understand the potential market for LNG as a marine fuel, bunkering infrastructure investments required and associated risks in the context of shipping GHG reduction. This report attempts to assess the prospective future public and private financial investments by EU member states into LNG port/bunkering infrastructure consistent with EU plans to foster the widespread uptake of LNG as a means of decarbonising the shipping sector up to 2050. EU member states are mandated to set up LNG port infrastructure under the 2014 Alternative Fuels Infrastructure Directive.
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Photo by: Bob Pearson / Greenpeace
Consequently, the study aims to ascertain the cost/benefit of investing in LNG bunkering infrastructure from a GHG abatement perspective (invested $/tonne CO2 abated) and in addition, the proportion of these costs that would potentially be funded through EU funding programmes and by EU member states.