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Report criticising EU’s focus on LNG in shipping receives widespread coverage

29 June 2018

A report led by UCL-Energy researchers into the use of liquid natural gas in the shipping industry has received widespread media coverage.

LNG carrier

Ìýcriticising European Union policies to encourage the shipping industry to replace heavy fuel oil withÌýliquid natural gas (LNG) has received widespread industry media coverage.

, from leading shipping consultancyÌýUniversity Maritime Advisory ServicesÌý(UMAS), estimates that the EU has, to date, directly spent $250 million on Liquefied Natural Gas (LNG) projects in the marine sector, providing 50% partnership funding with the private sector to support a total of $500 million investment.

This half-billion of spending will have no significant climate benefits at best, and could potentially increase greenhouse gas emissions from shipping, a conclusion in line with leading research in the field, the study finds,Ìýmaking LNG incapable of achieving the reductions required under the recently adopted International Maritime Organisation (IMO) strategy on reducing GHG emissions from ships.

UMAS is one of the most respected specialist consultancies in the shipping sector, drawing on the world-leading research of the UCL-Energy's shipping team.

Media coverage includes:


Lloyd's List


TradeWinds

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Ship & Bunker


Splash24/7


Shippingwatch

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