Shipping’s energy transition is lagging, says BRS
By 2050, the demand for liquefied gas tankers is roughly split 55% CO2, 30% LNG+biogas, 10% hydrogen and derivatives, and 5% LPG; yet new fuels do not completely offset the lost fossil fuel cargoes
The International Energy Agency’s net-zero scenario has come under fire in recent weeks, notably from oil producers who argue that we should “abandon the fantasy of phasing out oil and gas”. However, BRS has added fuel to the fire by suggesting the critics may have a point and the energy transition is falling significantly behind