Page 13 - GLNG Week 06 2022

GLNG NEWS IN BRIEF GLNG

to decarbonise. We highlight that Novatek LNG blended with bioLNG and renewable synthetic LNG in the longer term. For
is taking practical steps in hydrogen and synthetic LNG will further extend compliance example, the analysis showed that for every
ammonia production by implementing the to 2050 and beyond. 10% increase in the content of these fuels in a
Obsky Gas Chemical Complex project. This The analysis compared emissions for two blend with traditional LNG, the vessel gains
supports the company’s commitment to the identical 180k DWT Capesize vessels, one two-years of additional compliance. By using
development of ESG initiatives, which is likely using conventional, oil-based marine fuels bioLNG and renewable synthetic LNG, a
to be welcomed by investors, in our view. The the other using LNG as a marine fuel. The vessel commissioned yesterday, today and in
project might cost some $4bn for the entire results showed that the LNG-fuelled vessel the future can retain a favourable CII rating as
plant,” VTBC said. immediately rated two grades higher than major superior A or superior B throughout its
the conventionally fuelled vessel. LNG can be lifetime.
the difference between having a ‘moderate’ John Hatley, SEA-LNG Investment
LNG pathway a long-term C-rated ship and having a ‘major superior’ Committee Chairman, commented: “Clearly,
LNG will offer a competitive advantage to
A-rated ship on the IMO’s CII scale.
response to CII game- governments and other stakeholders to offer ship owners and operators as charterers
The IMO are encouraging port authorities,
prefer engaging the higher-performing A
changer incentives for ships with major superior A or and B rated vessels necessary to meet their
own GHG emission reduction commitments.
superior B ratings. Meanwhile, leading cargo
The International Maritime Organization’s owners and charterers have recently strongly Adding bio-LNG or renewable synthetic
(IMO) Carbon Intensity Indicator (CII) is set advocated the use of A or B rated vessels in LNG, both fully interchangeable with fossil
to shake up the vessel efficiency and emissions their supply chains. The superior ratings that LNG in LNG-fuelled vessels and bunkering
clauses in the charter party agreements LNG can offer, provide a powerful competitive infrastructure, will enable maintenance of this
from 2022 onwards. Analysis from multi- advantage to ship owners. advantageous rating level over the life of the
sector marine fuel coalition, SEA-LNG, LNG-fuelled vessels can also gain vessel and ensure that owners are not left with
has found that LNG-fuelled vessels will be improved carbon intensity ratings by adopting stranded assets.”
able to continue operating as normal under drop-in carbon-neutral bioLNG in the short SEA-LNG, February 10, 2022
the system until after 2030, while fossil to medium term, or zero-carbon renewable

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