Glenfarne has signed a definitive agreement to supply 1 mtpa of LNG to the South Korean trading house POSCO International over 20 years from its planned 20 mtpa Alaska LNG project, the only federally authorized LNG export project on the U.S. Pacific Coast.
“The ships are ready, the fuels are missing,” Acceleron Industries summarizes the state of decarbonizing maritime transport. Investment is lagging as LNG offers higher returns than green hydrogen or ammonia.