SEA-LNG Advocates for Multi-Pathway Future for Shipping

SEA-LNG has expressed its support for the ongoing discussions at the International Maritime Organization (IMO) to establish technical and economic measures to achieve the 2023 IMO Strategy on Reduction of GHG Emissions from Ships.

Despite the limited time before MEPC83, SEA-LNG remains confident that the negotiations will lead to a fit-for-purpose legislative framework that accelerates the maritime energy transition. The organization emphasizes the importance of a goal-based and technology-neutral approach to reduce GHG emissions effectively.

However, SEA-LNG has raised concerns over proposals that seek to differentiate LNG from other low-emission options within the GHG Fuel Standard mechanism. The organization argues that such differentiation could narrow fuel compliance options, create regulatory misalignment, stifle technological innovation, increase compliance costs, and promote high-emission fuels.

SEA-LNG COO Steve Esau emphasized the need for a level playing field in decarbonization efforts, stating that all fuel families share a common pathway to decarbonization. He urged the industry to focus on mobilizing common feedstocks, particularly green hydrogen, to drive the adoption of e-fuels in different shipping sectors.

It is crucial for regulators and stakeholders to maintain technological neutrality and avoid distorting fuel markets. Any differential treatment of fuels within the IMO GHG Net-Zero framework could hinder real emission cuts and slow down the transition to cleaner alternatives.

SEA-LNG warns against turning the GHG Fuel Standard into a pay-to-pollute system and calls for a collaborative approach to achieve sustainable decarbonization in the maritime sector.

As the industry navigates towards a greener future, it is essential to prioritize unity, innovation, and environmental stewardship to meet the IMO’s emissions reduction targets effectively.