Included in the Q+A were six critical triggers that Ivanov sees for the take-up of LNG as a bunker fuel -
Availability of LNG to the end consumer. Having an import terminal does not mean that LNG bunker barges can be filled.
Established legislation and regulatory framework. Landside regulation and shipping regulation have to interface well. Gaps in the regulation need to be closed and over regulation needs to be reduced.
Favourable investment climate and taxation. Infrastructure development has a cost and long payback times. Investors want to be sure that their investment is not lost.
Necessary competence, knowledge and skills. Decision makers in governments, authorities and companies need to understand the subject of their decision-making and the consequences of the decisions they make. In addition, workers (or personnel) need to be trained for safe operation.
Public acceptance. LNG is not so well known across the world. The general public must be informed about LNG and its benefits, as well as the associated risks and how they are dealt with.
Reliable and safe logistical concepts. To serve as a fuel on regular shipping or transport connections, LNG must be delivered where it is needed and when it is needed in the volumes required.
Hear more from Sergey Ivanov at forthcoming conference session ‘Powered by LNG’, presented by Seatrade ShipTech Middle East.