Xavier Pfeuty, Total Marine Fuels Global Solutions’ LNG expert, presents a global perspective on accelerating the use of LNG as a marine fuel in a keynote speech.
The IMO is seeking to halve shipping emissions by 2050. That’s why it is important for us to further our innovation and services to better support our customers as we continue to seek out new opportunities to develop smarter fuel options, using better technology and providing improved guidance for our customers and their journey throughout 2020 and beyond.
To support and deepen this ongoing programme of providing cleaner, better performing and less environmentally impactive fuels, Total Marine Fuels Global Solutions is investing heavily in Liquefied Natural Gas (LNG) as a marine fuel to better support its customers and the global shipping supply chain. We see huge potential in the way LNG can be applied and used within the industry.
Insight for the year ahead from Total Marine Fuels Global Solutions:
Total insight #1: We are entering a multifuel era as LNG bunkering demand is set to reach in the near term (in 2025) 10 Mt
Total insight #2: An uptick in LNG investments is being experienced with LNG bunker vessels predicted to triple in the next 2 years reaching more than 30 units
Total insight #3: Unlocking LNG potential is set to become easier with logistical and technical improvements elevating bunkering development
Total insight #4: Developing mind-sets for the future, Total Marine Fuels Global Solutions invest more in LNG bunker vessels to begin to cover the main maritime hubs with breakthrough contracts including an 18,600 m3 LNG bunker vessel (LNGBV) for delivery in Rotterdam, a partnership with Pavilion in Singapore for a 12,000 m3 LNGBV charter, and a 18,600 m3 LNG bunker vessel to be positioned in Marseille.
Total insight #5: Project to develop LNG bunkering activities for Middle East clients with the construction and operation of a 1 Mtpa liquefaction plant in Sohar Port.
When you consider that 90% of global trade is carried out by seas, the type and choice of fuel to power this trade is critical. But improving clean fuel supply sustainability is only one half of the equation; the other half is balancing demand-based behaviour.
It is a view shared at the recent Global LNG Bunkering Summit 2020 in Amsterdam – a platform to celebrate the start of our 2020 journey with customers and industry. We were one of the leading presenters at the event taking part in the SGMF panel discussion about 2020 to 2050 compliance strategies. During the event we also gave a keynote speech on accelerating the use of LNG as a marine fuel from a global perspective. We presented our insight in to the next five years, and deep dived into the trends that are shaping the future of energy production and delivery across the world, alongside other leading experts, innovators and government figures associated with the shipping industry.
We look forward to continuing this level of discussion throughout the year #TOTAL2020 and contributing into the debate with other experts across industry to explore the challenges faced by industry and governments alike, as well as the critical solutions to address them.