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DNV GL undertakes new study on EU LNG market

LNG Industry,

DNV GL has announced that it is undertaking a new study on the LNG market in the EU. The study is part of its efforts to drive the development of an EU-wide network of LNG refuelling points, which also includes a new online tool, LNGi, which provides comprehensive and up-to-date information on worldwide LNG bunkering availability and market data on LNG as fuel for ships. LNGi is supported by The Society of Gas as Marine Fuel (SGMF).

DNV GL has also updated the Recommended Practice (RP) for development and operation of LNG bunkering facilities (DNVGL-RP-G105). The RP provides the first industry guidance on how to perform quality measurements and quantity metering of LNG fuel supply.

Market study

The new market study is being carried out on behalf of the CORE LNGas hive project, which is co-funded by the European Commission. The research aims to develop a safe and efficient, integrated logistics and supply chain for LNG in the transport industry (small scale LNG and LNG bunkering), particularly for maritime transport off the Iberian Peninsula.

The project, scheduled for completion in December 2020, has a total estimated budget of more than €33 million. The results of the project, coordinated by Enagas, will provide recommendations for the Spanish and Portuguese National Policy Frameworks for alternative fuels supply infrastructure, and will prepare the roll-out plan for future commercial deployment along the Mediterranean and Atlantic corridors in the Iberian Peninsula.

Fernando Impuesto, CORE LNGas hive project coordinator from Enagas, said: “The consortium partners selected DNV GL to execute the demand studies of the project based on the fact that DNV GL has been at the forefront of the development of LNG as a marine cargo for more than 50 years, and for LNG as a marine fuel over 20 years. With that experience and support, they are an important contributor to our success in this project.”

The CORE LNGas hive project follows another project recently delivered by DNV GL for the EU providing recommendations on how to address barriers to wider adoption of LNG as fuel.

Liv Hovem, DNV GL Regional Manager for Continental Europa and North and East Africa, added: ”DNV GL has significant experience with adoption of LNG as a marine fuel. This is both through development of gas fuel class rules and assisting and advising private and public clients, port authorities, and global government bodies, with consultancy on safety, technical, and commercial market assessments.

“DNV GL has already developed new analytical techniques for assessment, services, standards and recommended practices for the LNG sector and has supported the safe development and operation of 35% of the world’s LNG plants. Our experience shows that more shipowners would consider LNG as fuel if reliable information on LNG availability was easily accessible.”

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