Gas Look News

Ship owners are facing a number of regulatory gauntlet in coming years regarding emissions and ballast water treatment systems. But ship owners with EU-flagged vessels who incur unnecessary operating costs need to ensure that their onboard refrigeration units are leak-tight, said WSS’ Svenn Jacobsen, as new EU Regulations on Fluorinated Greenhouse Gases (F-Gas), look to fundamentally change the use of refrigeration gases onshore and at sea, with estimated cost increases at 5-10 times their current level.

A report from Platts said that the nuclear crisis in Japan could slow the development of spot LNG trading as buyers fearing increased competition for gas look to lock-in supplies through long-term deals, according to analysts. But the potential for increased future LNG demand could help speed up project sanctions for new liquefaction developments around the world, they said.   (Source: Platts)