• 5 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 7 minutes Can LNG Kill Oil?
  • 8 minutes Question: Why are oil futures so low through 2020?
  • 11 minutes US Shale: Technology
  • 9 hours “The era of cheap & abundant energy is long gone. Money supply & debt have grown faster than real economy. Debt saturation is now a real risk, requiring a global scale reset.”"We are now in new era of expensive unconventional energy
  • 3 hours CoV-19: China, WHO, myth vs fact
  • 3 hours Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 13 hours Blowout videos
  • 4 hours Has Trump put the USA at the service of Israel?
  • 18 hours Democrats Plan "B" Bloomberg Implodes. Plan "C" = John Kerry ?
  • 4 hours Oil Stocks
  • 2 days Question - What if there are no buyers for Chevron's Appalachia Assets?
  • 2 hours Foxconn cancelled the reopening of their mfg plants scheduled for tomorrow. Rescheduled to March 3rd. . . . if they're lucky.
  • 2 days Natural Gas
  • 2 days Cheap natural gas is making it very hard to go green
  • 2 days Energy from thin air?
Short Selling In Oil Slows After Initial Coronavirus Panic

Short Selling In Oil Slows After Initial Coronavirus Panic

Money managers continued to liquidate…

U.S. Administration Discusses Plan To Oust Venezuela’s Maduro

U.S. Administration Discusses Plan To Oust Venezuela’s Maduro

Officials at the Trump Administration…

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

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