“Growth in LNG as an Alternative Fuel for Transportation”
- The transportation sector is increasingly turning to small-scale liquefied natural gas (LNG) as an environmentally friendly alternative to diesel and heavy fuel oils. LNG’s low emissions profile and cost-effectiveness are driving its adoption in both marine and road transport
- Regulatory pressure to reduce greenhouse gas emissions is prompting the adoption of cleaner fuels, with LNG being a prime candidate for reducing carbon emissions in heavy-duty trucks and ships
- Many shipping companies and logistics providers are incorporating LNG-powered vessels and fleets to comply with global environmental standards
For instance,
- In February 2024, CMA CGM Group, a leading global shipping company, announced that it would expand its fleet of LNG-powered ships to meet stricter emission regulations, further enhancing LNG's role in the maritime industry
- This trend is expected to continue, positioning Small-Scale LNG as a key component in the decarbonization of the transportation industry, particularly in sectors with high fuel consumption
