Lesser LNG Prices Spur Demand for Cleaner Fuels

Capt. John

Globally, LNG is expected to account for 10 per cent of overall marine fuel mix by 2030, up from less than 0.1 per cent last year.

  • The use of liquefied natural gas (LNG) to fuel ships is gaining traction in Asia amid a global push to use cleaner fuels in the sector.
  • This is mainly because abundant supplies are making the super-chilled fuel more affordable than oil.
  • The move could draw billions of dollars in investments from suppliers and buyers in gas storage, LNG-fuelled vessels and barges.
  • Thi...

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