Oil exporters warn IMO rules will hurt LNG as fuel
- Quirk of the Net Zero Framework’s carbon-cutting targets will weaken the incentive to invest in alternative fuels
- Opinion split on whether LNG has an advantage over methanol, ammonia under the rules
- NZF is due for formal adoption in October, with oil-exporting countries urging IMO to reject it
The IMO Net Zero Framework’s two-tier carbon price gives little incentive for ships to use LNG and biofuels, according to a group of oil-exporting countries pushing against the new global greenhouse gas regulation
