LNG (liquid natural gas) is touted as the only viable way to the decarbonisation of world shipping, says SEA-LNG chairman Peter Keller, announcing his group's new study touting the fuel.
What his press release fails to mention is that it is the most expensive of all fuels to achieve something - decarbonisation - that only regulators and environmentalists want.
"The report outlines how LNG as a marine fuel is the only viable option for shipping to reach IMO 2030. It argues that LNG-fuelled vessels are 'zero-emissions on the water today' as they offer a clear route to IMO 2050 thanks to carbon-free liquefied bio-methane which can be easily adopted by LNG-fuelled vessels and LNG infrastructure," the press release said.
"As the debate is fast descending into 'my solution versus your solution', Keller comments that waiting for a utopian solution risks locking the maritime industry into the highly polluting conventional oil-based marine fuels for years, if not decades, to come," the release said.
The report, Mr Keller said, offers an insight into the state of play regarding LNG as a marine fuel. It also highlights the promising role that modern dual-fuel engines' ability to accelerate decarbonisation while countering the points surrounding methane slip.