LNG as a Marine Fuel - the cornerstone of the industry’s transition to cleaner fuels
Blog Article - April 23, 2020
Following the publication of the IMO’s initial strategy in 2018 calling for a 50% reduction in shipping GHG emissions by 2050, LNG is now the cornerstone of the industry’s transition to cleaner fuels.
Increasingly recognized as the key bunker fuel towards 2050, confidence in both infrastructure and supply chains is increasing across the market to such an extent that, according to Xavier Pfeuty, we are now entering the crucial phase where the shipping industry is poised to make the big leap in LNG.
Currently, LNG is the only available alternative fuel that can provide affordable and measurable well to wake benefits in terms of GHG reductions.
In his interview with Bunkerspot, Xavier Pfeuty discusses the continuing growth of the LNG market and why early investment in it has now placed TMFGS at the front of the LNG curve.