LNG is already the industry’s clear choice as transitional fuel
Shipping faces tough decarbonisation choices
Supply chains will be critical as the maritime sector looks for alternative fuels
Shipping accounts for significant greenhouse gas (GHG) emissions, and the industry is accelerating its efforts to meet ambitious UN decarbonisation goals. But it remains unclear which competing solution—or combination of solutions—will prevail. The International Maritime Organisation (IMO) is targeting a 50pc cut in GHG emissions from shipping by 2050, relative to 2008 figures, and wants to slash the sector’s carbon intensity—the amount of CO2 emitted per ton-mile—by 40pc by 2030 and 70pc by 2050. A coalition of IMO member states —which together control a major share of the world’s shipping tonnage and include Greece, Liberia, Japan, Malta, Switzerland and Singapore—propose the organisation
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The South Asian consumer’s next move could tighten the Middle East oil market overnight
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Canadian independent’s evolving portfolio in Trinidad and Tobago gives it access to the Atlantic LNG market and a close-up view of developments in neighbouring Venezuela
