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>

<< Sep 2016 >>
MTWTFSS
29 30 31 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 1 2

The 7th Annual Floating LNG USA 2016

The 7th Annual Floating LNG USA 2016 will bring together over 65 speakers from every part of the FLNG value chain…

read more >

The 2nd Annual South Africa: Gas Options

The 2nd Annual South Africa: Gas Options meeting taking place on 3rd– 5th October at The Westin Cape Town hotel…

read more >

Gas to Liquids

The volatile oil price has had a dramatic impact on the Gas to Liquids market and some large-scale projects’ operators have struggled to adapt to this unsteady landscape. Over the last 12 months, we have witnessed a few promising projects halt or even shut down altogether. However, whilst some doors have had to close, other doors are opening with interesting emerging markets on the new GTL field. A few companies have discovered ways to significantly reduce operating costs and prove to be commercially viable despite the current economic climate.

Against this backdrop, SMi’s 19th annual Gas to Liquids conference will discuss how GTL companies can work with the tumbling oil price and how they can build robust strategies and create effective alternative solutions to enable them to weather the storm. The programme will have a special focus on small-scale GTL projects, giving you the chance to hear first-hand success stories from leading GTL operators. The two-day event will provide the ideal platform for experts to discuss with peers what companies need in place in order to overcome today’s challenges, with leading industry figures dissecting cutting edge topics, including project financing, marketing of GTL projects and innovative alternative applications of GTL plants.

For more information and to register online, visit: www.gas-to-liquids.co.uk

read more >

The Rio Oil & Gas Conference 2016

Rio Oil & Gas 2016 will address topics from energy efficiency to sustainable Oil & Gas industry…

read more >