North European LNG Infrastructure Project Results Released

North European LNG Infrastructure Project Results Released

Yesterday, the project on the establishment of an infrastructure for liquefied natural gas in Northern Europe has published its results.

Liquefied natural gas (LNG) is a climate- and environmentally friendly fuel that is to be made competitive through an effective infrastructure and good framework conditions. This has been the aim of a major project in which, inter alia, the Scandinavian countries and several large energy companies participate. The Danish Maritime Authority is the co-ordinating partner of the project.

The main project purpose has been to make recommendations for the best way in which to establish an infrastructure facilitating the use of LNG as a ships’ fuel. However, other important areas have also been identified.

The report’s recommendations concentrate on five main areas:

·          Bunkering of ships with LNG

·          Economic and financial conditions

·          Safety

·          Technical and operational conditions

·          Permits for an infrastructure ashore

New regulations making natural gas competitive

The background for the project is the fact that, as of 2015, only fuel oil with a maximum sulphur content of 0.1 per cent will be permitted in the English Channel, the North Sea and the Baltic. This limitation creates a possibility of making it economically profitable to use LNG that is, at the same time, more environmentally and climate-friendly.

The analyses carried out under the project shows that LNG is a competitive alternative to the use of low sulphur fuels.

However, this requires an effective infrastructure where LNG is distributed through a net of ships and lorries to local terminals or directly to ships using LNG as fuel.

Such an infrastructure is connected with the need for major investments, which is on the other hand characterized by a poor utilization of the capacity in the beginning due to limited demand.

The final conference of the project to be held on 14 June 2012 will focus on how to make LNG a competitive fuel for the shipping industry. Key stakeholders will make presentations, and there will be plenty of interesting discussions.

You can read the entire report on DMA’s website.

LNG World News Staff, May 30, 2012; Image: DMA

Share this article

Follow LNG World News

Events>

<< Dec 2016 >>
MTWTFSS
28 29 30 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Central & Eastern European Gas Conference

Central & Eastern European Gas Conference (CEE Gas) is bringing together all key stakeholders including gas suppliers…

read more >

Fundamentals of LNG

Operational and commercial essentials of the Liquefied Natural Gas (LNG) sector – training course by tutored distance learning…

read more >

CWC’s World LNG Summit & Awards Evening

Now in its 17th year, the CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry…

read more >

Floating LNG

Despite challenging market conditions, global capital expenditure (Capex) on FLNG facilities is forecast to increase significantly over the 2016-2022 period. The protracted oil price downturn has impacted the sanctioning of capital intensive liquefaction units over the last 24 months. However, the need to move towards cleaner sources of energy and diversify gas supply has stimulated the floating regasification market – over 14 countries are expected to commission their first floating import unit over the forecast period. Against this backdrop, SMi’s 5th annual Floating LNG conference will provide attendees with strategic insight on the latest developments within the FLNG market to optimise activities and ensure project sustainability and success. The two-day programme will also equip you with the tools to overcome the logistical, financial, technological and economic challenges associated with FLNG deployment and ensure succinct transition from design to operation.

More info

read more >