• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 6 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 9 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 13 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 12 hours California's Oil Industry Collapses Despite Shale Boom
  • 16 hours Knock-Knock: Aircraft Carrier Seen As Barometer Of Tensions With Iran
  • 3 mins Trump bogged down in Mideast quagmire. US spent $Trillions, lost Thousands of lives, and lost goodwill. FOR WHAT? US interests ? WHAT INTEREST ? To get Jared (Frisch School 2.8 GPA) a Mideast win with peace deal ? China greatest threat next 50 years.
  • 4 hours Balancing Act---Sanctions, Venezuela, Trade War and Demand
  • 21 hours The Consequences: Full-Blown Trade War Will Push World Towards Recession
  • 29 mins Greenpeace Blocks BP HQ
  • 21 hours IMO2020 To scrub or not to scrub
  • 16 hours UK Needs New Wind Turbines
  • 15 hours Will Canada drop Liberals, vote in Conservatives?
  • 7 hours Shale to be profitable in 2019!!!
  • 22 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 7 hours DUG Rockies: Plenty Of Promise, Despite The Politics
  • 22 hours 6 Ways to Fight Climate Change
  • 1 day Global Warming Making The Rich Richer
  • 1 day California Threatens Ban on ICE Cars

European Ships Switch to LNG to Cut Emissions and Comply with EU Law

Ports in Northern Europe are switching to natural gas as a cleaner, cheaper way of powering ships, compared to the traditional fuel oil.

A European Union law has set the target to cut greenhouse gas emissions from the shipping industry to 40% of 2005 levels by 2050. Switching to liquefied natural gas will play a major part in achieving this goal.

Swedegas, the Swedish infrastructure company, and Vopak, the Dutch oil and gas storage company, have announced that they will jointly invest $155.3 million in an LNG terminal in the port of Gothenburg.

A spokeswoman from Swedegas said, “we can start bunkering (term that refers to the refuelling of ships) in Gothenburg in 2015, and activity will be expanded by 2017.”

By the end of the decade it is expected that LNG fuel stations will be much more common around European ports.

Arthur Barret, the director of LNG bunkering at Gaztranport & Technigaz, said that “it will be at least two years before major deep-sea shipping companies order LNG-powered engines once financing becomes more available. By then, hopefully, there will also be more infrastructure to load LNG as a ship fuel.”

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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