Monday, 22 August 2022 12:28

Marine LNG and the regulatory race of alternative fuels

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FuelEU Maritime is scheduled to be released in July 2021 as part of the EU's Fit-for-55 regulatory proposal, which is expected to come into force in 2025. The final text is expected to come into force later this year, but for now, it puts the industry on track to decarbonise by 2050 and use marine LNG as a ship fuel by 2040. EU classification regulations will also have an impact on the use and supply of LNG as a marine fuel. Demand for LNG will increase significantly due to a combination of regulations. Without specific incentives to drive the adoption of synthetic fuels, it may be difficult for synthetic fuels to remain competitive. Currently, the shipping industry expects marine LNG to remain a viable fuel option until 2040.

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