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LNG: The economic, environmental and evolutionary marine fuel available
now
THE INDUSTRY ADVOCATEWORKING ACROSS THE MARINE VALUE CHAIN
LNG AS A MARINE FUEL
• Infrastructure – global LNG infrastructure is growing fast
• Economics – LNG offers a compelling commercial case
• Environment – LNG is a superior and future fit fuel
• Safe - with known and proven technology
THE STRATEGIC OPPORTUNITY
INFRASTRUCTURE CASEBULK INFRASTRUCTURE ALREADY EXISTS – ‘LAST MILE’ INVESTMENTS HAPPENING
• Plentiful and growing LNG supply
• Bulk LNG infrastructure exists and is in the right places
• ‘Last mile’ investments are happening (globally)
• LNG bunkering available or planned in 9 of top 10 bunkering locations
• Bunker vessels – 9 in operation and many more on order
Source: SEA\LNG Bunker Navigator
ECONOMICS – ENERGY COSTS OUTWEIGH CAPEX CONSERVATIVE ASSUMPTIONS REINFORCE BUSINESS CASE
• Diminishing LNG DF CAPEX hurdle- expected to continue
• LNG’s greater energy content provides advantage
• Competitive Energy Costs with much less volatility
• Don’t underestimate the operational cost of scrubbers and other auxiliary equipment
ECONOMICS – MORE WIDELY RECOGNISEDGROWING ADOPTION OF INVESTMENT CASE
• Number of LNG fuelled ships growing strongly: • 144 in operation
• 139 on order
• 20%-40% annual growth since 2010
• Advancing across a range of vessel types
• Move from short-sea shipping to
deep-sea shipping spaceSource: DNV GL LNGi, January 2019
“LNG is the fuel of the future for shipping,” Rodolphe Saade, Chairman & CEO CMA CGM
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LNG fuelled vessels
ENVIRONMENT – POSITIVE WAY FORWARD
• Provides a proven local emissions solution
• Superior air quality benefits
• Only marine fuel providing Greenhouse
Gas benefits
• Relatively stable pricing
LNG MEETS THE NEEDS OF TODAY AND TOMORROW