It was back in 2022, that industry group SEA-LNG said: The industry is making newbuild investment decisions now that will impact greenhouse gas emissions today and for the next 25-30 years, the
It was back in 2022, that industry group SEA-LNG said: The industry is making newbuild investment decisions now that will impact greenhouse gas emissions today and for the next 25-30 years, the typical lifetime of a vessel. It is essential their assessments of alternative marine fuel pathways are made on a like-for-like, or “apples with apples” basis.
The issue was that discussion of alternative fuels too often compared the green versions of ammonia and methanol with fossil LNG.
The “apples with apples” analogy is still relevant today to try and make sense of the assumptions and comparisons made in the wide range of studies continuing to be published. For example:
Last week UCL published a study that concluded there is potential for LNG to take on a stepping stone role in the decarbonization of shipping fuels but only if more stringent policies drive deployment of genuinely “ammonia ready” ships. Without such safeguards, LNG investments risk becoming stranded assets that compete with, rather than enable, green ammonia. Methanol was assessed as offering even weaker stepping stone characteristics and may divert capital and political attention away from ammonia without providing durable system benefits.
SEA-LNG subsequently
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