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Gas to Oil Switching in Shipping Sector

ENERGY

Gas to oil switching is taking place in the shipping sector with sales of marine LNG fuel falling.

  • Marine LNG sales at Rotterdam in Q2 2022 plunged 60% from a year earlier according to Bloomberg port data.
  • “It makes no economic sense whatsoever to run on LNG currently” in northwest Europe according to Titian CEO Niels den Nijs,
  • About 700 vessels globally can run on LNG as well as oil.

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