SEA / LNG calls for review of Green Bond certification
Industry consortium SEA / LNG has called on the Climate Bond Initiative to review criteria for its proposed Green Bond certification of Low Carbon Shipping to accommodate greater financing for LNG-fuelled vessels. The consortium notes that proposals lean “towards being technology prescriptive” rather than goal oriented, noting that “immature and emerging technologies such as ammonia and hydrogen, that will require significant research and development investment over many years if they are to scale safely in the deep-sea maritime environment, appear to be favoured”. A recent study commissioned by SEA-LNG from CE Delft concludes that LNG-fuelled ships, with little or no modiﬁcations, can realise significant GHG savings through the use of liquid biomethane (LBM) and liquid synthetic methane (LSM), with estimated sustainable global supplies potentially exceeding the demands of shipping in the future. “LNG through the gradual introduction of LBM/LSM offers a realistic pathway for reducing shipping’s GHG emissions and we believe it should be recognized accordingly. Today, LNG is operationally effective, safe, scalable to meet shipping’s needs, and improves global air quality... Specifying green investment criteria that favour specific technology pathways risks forcing the shipping industry into non-optimal solutions from environmental, operational, and commercial perspectives and must be avoided,” SEA /LNG said in an open letter to the industry.
European LNG stations pumping biogas
More than 25% of CNG and LNG fuelling stations in Europe are now delivering biomethane, according to analysis of 4,120 stations by the Natural & Bio Gas Vehicle Association (NGVA). “It is key to understand and acknowledge that a vehicle that is fuelled with renewable gas, is effectively climate neutral. Europe’s renewable gas production capacity is proven and sustainability criteria in place are fully respected. Today, it is the best solution to boost the decarbonization process of the transport sector leveraging on a real circular economy,” Andrea Gerini NGVA Europe Secretary General, said. The figures show that an average of 17% all gas delivered is now biomethane with bioLNG becoming a “growing reality” as a cost-effective transition towards “carbon neutral mobility”. “While continuously increasing the rate of renewable gas in our network, there is future potential also in improving the efficiency of natural gas engines. This will progress hand in hand,” Gerini stated.
Dunkerque LNG launches truck fuelling
Terminal operator Dunkerque LNG is introducing truck fuelling at its sites with a new service reportedly offering 3,000 slots per year. The firm is majority-owned by a consortium of gas infrastructure group Fluxys, AXA Investment owns and operates Dunkirk LNG terminal in the north of France.