Sergey Ivanov, Director, Marine Bunker Exchange AB mentions six critical triggers for the take-up of LNG as a bunker fuel in an exclusive Q+A, reports Seatrade Maritime News.
The six critical triggers
As emission regulations continue to drive debate and IMO 2020 looms, Ivanov presents a thoughtful and insightful response for the industry interested in LNG.
Below are the six critical triggers that Ivanov sees for the take-up of LNG as a bunker fuel:
LNG Availability
- Availability of LNG to the end consumer.
- Having an import terminal does not mean that LNG bunker barges can be filled.
Legislation and regulatory framework
- 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.
Investments
- 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.
Knowledge and skills
- Necessary competence, knowledge and skills.
- Decision makers in governments, authorities and companies need to understand the subject of their decision-making and its consequences.
- In addition, workers (or personnel) need to be trained for safe operation.
Public awareness
- 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.
LNG delivery
- Reliable and safe logistical concepts.
- To serve as a fuel on regular shipping, LNG must be delivered where it is needed and when it is needed in the volumes required.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: Seatrade Maritime News
