A study from the European Commission (EC) on LNG as a shipping fuel has highlighted high levels of support from the industry. The study, whose main goal is to investigate the perception of the risks and opportunities of LNG as a shipping fuel, has highlighted that stakeholders associate important environmental benefits to the use of LNG while considering its use too expensive. The higher equipment costs for engines and tanks, in fact, are not offset by savings in fuel or operating expenses.
The preliminar results, discussed at a meeting held during the European Shipping Week, show that stakeholders recognise the environmental advantages of LNG, however are still uncertain whether they offer a clear business case. Another mentioned critical issue is ascribed to the lack of existing bunkering infrastructure for LNG.
The analysis is conducted by the European Commission’s Directorate-General for Mobility and Transport (DG MOVE), PwC and DNV-GL to evaluate the gaps that exist in the regulatory framework for LNG-fuelled ships and the provision of LNG fuel. The research is focusing on risks and opportunities of using LNG as a shipping fuel and its final results of the study will become available in June/July 2015.