Energy major Shell is backing LNG as a marine fuel and a product it plans to invest in to meet its emissions reduction targets.
In its Energy Transition Strategy 2024, Shell said about 5% of shipping in operation on a gross tonnage basis is fuelled by LNG, which can reduce emissions by up to 23% compared with conventional fuels.
Of the new ships on order, about 25% of gross tonnage is being designed for LNG.
