THE US Energy Information Administration thinks the International Maritime Organisation’s regulations on cutting sulphur in marine fuels from 3.5% to 0.5% from 2020 will have large changes in refining in the US but a slow ramp up of LNG as a marine fuel.
This is largely because retrofitting a vessel to use LNG instead of crude is costly, making most LNG-fuelled vessels new builds and thus a small section of the market. "EIA expects the use of...
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