6 critical triggers for LNG as a bunker fuel

An exclusive Q+A with Sergey Ivanov, Director, Marine Bunker Exchange (MABUX) AB as emission regulations continue to drive debate and IMO 2020 looms presents a thoughtful and insightful response for the maritime industry interested in LNG.

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.

Download a full copy of the Q+A

Posted 28 August 2019

© Copyright 2019 Seatrade Informa Markets. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade Informa Markets.

Seatrade ShipTech Middle East 2019

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Marcus Hand

Author Bio ▼

Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

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