Maritime LNG industry coalition Sea-LNG says that it congratulates the IMO and its delegates on reaching the agreement on a regulatory framework for GHG emissions reductions.
A statement reads: “We are pleased to see that the IMO has held firm to its principles of goal-based, technology neutral regulation. While many details need to be decided, this provides a clear decarbonisation framework for the global shipping industry and will enable all fuel pathways, be they methane (LNG), methanol or ammonia, to compete on a level playing field.”
According to Sea-LNG, the framework, assuming it is adopted in October 2025, means that ship owners can confidently continue to invest in LNG-dual fuel engine technologies, secure in the knowledge that the LNG, or more accurately, methane pathway to decarbonisation is recognised by the IMO. Sea-LNG considers this pathway to be practical, realistic, scalable and low cost compared with those offered by other alternative marine fuels. Critically, on the supply side, the proposed regulations are expected to further incentivise the growth in liquefied biomethane bunkering and catalyse additional investments in e-methane.
Image: Methane pathway to 2025 (source: Sea-LNG)
