LR releases LNG bunkering study
Lloyd’s Register has released ‘LNG fuelled deep-sea shipping – Outlook for LNG bunker and fuelled newbuilding demand up to 2025’, a study it undertook to better understand the future demand for LNG as a fuel and to help refine and deliver its innovative portfolio of gas-technology services, the society press release said.
In August, the organisation’s marine experts offered industry a snapshot of the report’s findings and have now released the full report in time for Gastech 2012 in London.
“We needed to develop an approach that would help us to get a clear sense of what LNG-as-fuel might mean for our clients,” said Hector Sewell, Head of Marine Business Development for Lloyd’s Register. “We have the in-depth capability to handle the technology and the risk issues associated with gas, but we wanted to be able to help our clients understand what will be driving industry adoption. We were most interested in the deep-sea trades as these are responsible for most of the world’s tonnage, emissions and fuel bills.”
The study found that widespread adoption of LNG-as-fuel will be driven by price, the growth of alternative fuels and the degree of global collaboration. Its base-case scenario predicted that, by 2025, there could be 653 deep-sea, LNG-fuelled ships in service, consuming 24 million tonnes of LNG annually. These ships are most likely to be containerships, cruise vessels or oil tankers.
