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 Singapore.
TRENDING NOW
Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Johor property old hand KSL readies family handover amid market boom
As India and China surge ahead with nuclear energy, all eyes on Asean’s next move