THE NEW DIRECTION
Qatar Petroleum and Royal Dutch Shell have agreed to develop LNG as a marine fuel for use by the world's largest container shipping company, A.P. Moller-Maersk, according to a statement by Qatargas on February 22.
Qatargas, the world's largest LNG producer, said the three companies signed a memorandum of understanding which sees Qatargas 4, a joint venture between Qatar Petroleum and Shell, producing the fuel for use by Maersk Line. Most shipping companies currently use heavy fuel oil, or bunker fuel, to propel their vessels although LNG as marine fuel has been used by some ships in the past decade.
DNV GL, an international energy and shipping certification agency, says while most of the industry will continue to use heavy fuel oil for now, LNG is being used more, in part because it more easily meets current and proposed emission rules. “This cooperation between Qatargas, Maersk Group and Shell represents an important step in developing LNG as a viable fuel for maritime transportation,” Maersk's CEO, Nils Smedegaard Andersen, said in a statement issued by Qatargas. “The possible use of LNG as fuel for ships presents an opportunity to reduce both SOx emissions and in reducing the transport sector's CO2 footprint.” Doha: Qatar's Minister of Energy and Industry Mohammed Saleh Al Sada (R),Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Al Naimi (C), and Venezuela's Minister of Petroleum and Mining Eulogio Del Pino (L) attend a press conference on February 16, 2016 in the Qatari capital, Doha.