Natural gas production and liquefied natural gas (LNG) exports, including in the United States, could get a boost from a relatively new and not-so-self-evident revenue stream—the global shipping industry. Driven by stricter sulfur emissions standards and the ongoing global drive towards a lower-carbon future, the world’s top shipping operators and manufacturers are raising the share of vessels in the fleet powered by alternative fuels. LNG has so far emerged as the top choice among fuels alternative to marine gasoil and low-sulfur fuel oil to power ships, paving the way for another growth opportunity for the natural gas and LNG industries. Stricter Sulfur Content Rules In Shipping According to the new rules by the International Maritime Organization (IMO), only 0.5-percent or lower sulfur fuel oil should be used on ships beginning January 1, 2020, unless said ships have installed the so-called scrubbers—systems that remove sulfur from exhaust gas emitted by […]