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Energy Evolution
Marine Fuels of the Future: LNG
Aug 10, 2021
Exploring the shift to LNG as a marine fuel, covering its emission reduction benefits, cost-effectiveness, and key industry players. Analysis of LNG indices, price volatility, and future prospects like bio LNG and growth in bunkering hubs. Discussion on industry feedback, challenges, sustainability concerns, and alternative technologies like methanol, ammonia, and hydrogen.
11:30
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Quick takeaways
- LNG is a cost-effective and environmentally friendly marine fuel option with significant market growth.
- Challenges such as price volatility and future fuel advancements like hydrogen may impact long-term LNG investments.
Deep dives
IMO Emissions Targets and Industry Response
The IMO has set ambitious targets to reduce carbon dioxide emissions from shipping by 40% by 2030 and total greenhouse gas emissions by 50% by 2050. The international shipping industry is valued at over $14 trillion and accounts for around 2.8% of global CO2 emissions. To meet these targets, the industry is exploring alternative marine fuels like LNG to achieve sustainability goals while balancing cost and availability considerations.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode