Global LNG Bunkering Summit 2021 Blog

The Liquefied Natural Gas (LNG) market is globalising as buyers, seller numbers and types expand. Ahead of the Global LNG Bunkering Summit 2020, Oil and Gas IQ surveyed leading industry professionals on the current state of the LNG market, major growth drivers and key industry trends. The results have been complied into the following report with additional commentary from Harly Penner, Director, Fleet Engineering & Vessel Development, Seaspan Ferries, to highlight the new regional opportunities and solutions to industry challenges detailing how they are changing, why, and how participants should react.

In this Blog we hear from Tom Stuchfield, Editor of Oil & Gas IQ, discuss the question of whether or not liquefied natural gas, or LNG, is a desirable – or even viable – fuel for the future. With contributions from Mark Cann of Cryo Energy Tech and Senior Energy Analyst of Yalova University, Omid Shokri, they examine the factors that make LNG appealing to some and unappealing to others, the current and future plans for infrastructure, and a projection for the coming years.

Follow the excerpt below to learn about  

• Rules and regulations
• The sulphur cap
  
• Cost and safety
• Environmental concerns
• Forecasts