ENERGY TRANSITION

UMAS warns EU $250 million LNG investment will have no effect on greenhouse emis

A RECENT study from the University Maritime Advisory Services found that despite the EU investment of US$250 million into LNG-refuelling capacity which was matched by commensurate private sector investment there will be no significant climate benefits to switching from heavier shipping fuels to LNG.

Paul van Lieshout Hunt

LNG MFI CEO Captain Walter Purio

T The report found the total $U500 million expenditure would only provide between 6%-10% emission reductions, far below the EU's commitment to the Paris Agreement. The report also revealed that if...

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