• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 37 mins Would bashing China solve all the problems of the United States
  • 39 mins Model 3 cheaper to buy than BMW 3 series.
  • 2 hours Yale University Epidemiologist Publishes Paper on Major Benefits of Hydroxchloroquine for High-risk Outpatients. Quacksalvers like Fauci should put lives ahead of Politics
  • 1 hour Pompeo's Hong Kong
  • 1 min Thugs in Trumpistan
  • 3 hours China To Boost Oil & Gas Exploration, As EU Prepares To Commit Suicide
  • 1 day COVID 19 May Be Less Deadly Than Flu Study Finds
  • 3 hours China’s Oil Thirst Draws an Armada of Tankers
  • 35 mins Coronavirus hype biggest political hoax in history
  • 13 hours Income report showing potential future spending and economic growth
  • 14 hours US-China tech competition accelerates: on Friday 05/15 new sanctions on Huawei, on Monday 05/18 Samsung chief visits China
  • 15 hours The CDC confirms remarkably low coronavirus death rate. Where is the media?
  • 2 days China to Impose Dictatorship on Hong Kong
Will Shale Giant Chesapeake Go Bankrupt?

Will Shale Giant Chesapeake Go Bankrupt?

U.S. shale gas pioneer Chesapeake…

Europe’s Gas Glut Could Hit Global LNG Market Hard

Europe’s Gas Glut Could Hit Global LNG Market Hard

Although LNG flows into Europe…

Joao Peixe

Joao Peixe

Joao is a writer for Oilprice.com

More Info

Premium Content

Shell and GE Team Up for ‘Age of Gas’

The maritime shipping industry is on the verge of busting into the age of natural gas, as Royal Dutch Shell Plc, General Electric Co. (GE) and Clean Energy Fuels Corp. storm the scene with big plans and big investment.

GE is looking at five locations for LNG plants for merchant fleets, while Shell is planning LNG plants for the Great Lakes and Gulf Coast and Clean Energy Fuels Corp.—launched by T. Boone Pickens—will start construction on the first LNG fuel station for cargo ships in the US in 2014.

US gas output is at an all-time high, and Shell is convinced that we have arrived at the doorstep of the “age of gas” for the maritime shipping industry, while GE predicts that America will require up to 100 small-scale LNG plants for land and sea shipping by 2025—at $50-$150 million each.

Related article: China’s Sinopec Eyes Stake in Canadian LNG Project

For the maritime shipping industry, which relies largely on oil for its fuel, the trend has already begun amid an atmosphere of abundant domestic natural gas supplies and more stringent emissions restrictions that make cleaner natural gas more viable.

“As demonstrated in trucks, buses and other NGVs on land, using natural gas as a transportation fuel can provide significant reductions in emission, compared with diesel. The pricing and availability of natural gas also make it highly competitive from an economic perspective, compared with more traditional marine fuels,” according to experts at the American Oil & Gas Reporter.

By 2014, the Pickens Plan predicts that globally we will see a tripling of LNG-powered merchant ships and a 42-fold increase by 2020.

Related article: China Increases Purchases of LNG on Spot Market

“Within the next five to 10 years, LNG will become the main fuel source for all marine transportation,” the Daily Pickens quoted Jersey-based TOTE CEO Anthony Chiarello as saying. TOTE has ordered the biggest container ships to day slated for delivery in 2015 and 2016.

“It’s going to catch on. When those ships are actually plying the seas and people are then able to calculate the emissions impact and the possible cost savings, they can do all that math and say, ‘This is really a good decision.’”

By. Joao Peixe of Oilprice.com


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News