LNG isn't such a 'green' fuel, is it?
Campaign group Transport & Environment has a point when it points out that for all its costs, LNG will not reduce shipping greenhouse gas by that much
IT IS not often I find myself agreeing with campaign group Transport & Environment (T&E). But I have to say it has a point, to an extent, when it argues that natural gas is a "US$22 billion distraction for European Union (EU) shipping that won't decarbonise the sector".
T&E had commissioned an independent EU-focused study, done by the UMAS consultancy, which notes that Europe has so far spent US$500,000,000 on LNG infrastructure for refuelling ships; it also notes that LNG bunkering infrastructure for shipping in Europe will eventually cost US$22 billion and deliver, at best, a 6 per cent reduction in ship greenhouse gas (GHG) emissions by 2050, compared to the diesel it will replace.
The findings are relevant beyond Europe. LNG bunkering projects are underway around the world, including in Si…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
UPS profit beats estimates as cost cuts offset weak delivery demand
General Motors beats quarterly results targets, raises forecast
‘Heavy congestion’ in South-east Asia transhipment ports prompts feeder operators to levy surcharge
Renault Q1 sales rise 1.8%, helped by financing business
Honda to build major EV plant in Canada
Elon Musk’s robotaxi dreams plunge Tesla into chaos