DNV Report: LNG's Transitional Role in Shipping Decarbonization Under Scrutiny
DNV's report evaluates the potential of liquefied natural gas (LNG) as a transitional fuel in maritime decarbonization amid stringent climate regulations. While over 800 LNG-capable vessels are operational, the challenge remains in methane emissions and future compliance with evolving carbon regulations.
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Liquefied natural gas (LNG) is positioned as a transitional fuel in maritime decarbonization according to DNV's report, though it is not a definitive solution. Currently, there are over 800 LNG-capable vessels and around 700 LNG carriers using boil-off gas.
The report highlights that LNG vessels' emissions vary, with high-pressure two-stroke engines performing better than low-pressure alternatives. LNG could comply with the EU's FuelEU Maritime regulation until around 2035, depending on technology and operational profile, but may face earlier compliance under the upcoming OMI framework.
The strategic interest lies in the compatibility of LNG infrastructure with bio-methane and e-methane, which could mitigate additional investment needs. Future regulations will significantly impact demand for decarbonized fuels.
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