to offer LNG bunkering and incentives to
support LNG-fueled marine technology.
Also classification societies expect
that the LNG boom will continue. In fact,
DNV’s LNG Segment director Lars Petter
Blikom has predicted that the majority of
ships ordered in 2020 will be LNG fuelled.
At its core, this is very much a numbers game: in the coming 30 years, crude
oil is predicted to reach a price three times
higher than natural gas (NG). The heavy fuel oil (HFO) price is correlated with crude oil
prices while LNG price is rather nicely correlated with price of natural gas. The difference between prices of diesel oils and
NG is even more noticeable.
NO MORE SULPHUR WOES
And then there’s the regulator’s reach. Due
to IMO’s desire to reduce the emiss