Lloyd's Register believes in LNG

Classification company Lloyd's Register believes in a future for LNG as a maritime fuel. The supply of liquefied natural gas has developed faster than the demand, says the company.

Photo: Sirius Shipping

UK-based Lloyd's Register still believes in a strong future for LNG as an alternative fuel for ships even though numerous observers cast doubts on LNG as a viable alternative to heavy fuel oil.

Developments in liquefied natural gas are still on track and LNG will account for 11 percent of deep sea carriers' fuels by 2030, explained the classification company's Global Gas Technology Market Manager, Leonidas Karistios, in a speech at the Oil & Gas iQ LNG Bunkering North America conference, reports Sustainable Shipping.

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