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Working Group Addresses LNG

Monday, April 22, 2019   (0 Comments)
Posted by: Will Fediw

LNG Work Group
The first LNG Working Group session 

NORFOLK | On April 22nd, 2019, the Virginia Maritime Association (VMA) hosted the LNG Working Group, a continuation of the LNG Roundtable held in November of last year. Regional maritime stakeholders and subject matter experts gathered for the day-long event to discuss the super-cooled gas, listening to presentations on current market trends, legislative and regulatory climates, emergency response measures, and first-mover case studies. Beyond merely listening to presentations, the group used interactive site assessments, feasibility analysis, and other qualitative tools to compile and prioritize a list of recommendations for implementation. Furthermore, members of the VMA visited the ports of Jacksonville, FL, and Rotterdam prior to the Working Group to meet with industry leaders and learn from their experience.

Over the coming months, the select group of steamship representatives, gas suppliers, consultants, regulators, and stakeholders will continue to progress priority tasks such as message development, further feasibility analysis, and stakeholder outreach. While the initial market outlook for IMO 2020-compliant fuel use is beginning to take shape, there is still uncertainty on the long-term viability of each option. In the meantime, the Virginia Maritime Association will continue to work to ensure that compliant fuels are available for the vessels calling on our port, as well as promoting new business opportunities in the bunker space such as LNG.

 

This story was first published in VMA's Maritime Bulletin April 2019 edition.


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