Qatargas, the world’s largest liquefied natural gas (LNG) exporter, has signed a technical collaboration agreement with the Maersk Group to explore opportunities related to the use of LNG marine propulsion.
The two corporations have been involved in this collaboration for the past two years, in the understanding that LNG has the potential to further reduce emissions of carbon dioxide (CO2) from shipping by up to 25% and to completely eliminate sulphur oxide (SOx) emissions.
The official letter of intent was signed by the CEO’s of the two companies during a ceremony which took place in Doha, Qatar on 23rd February 2016.
Nils S. Andersen, CEO of Maersk Group, explained, “This cooperation between Qatargas and the Maersk Group represents an important step in developing technology to use LNG as a viable fuel for maritime transportation. The possible use of LNG propulsion technology for ships presents an opportunity to reduce both SOx emissions and to reduce the transport sectors CO2 footprint.”
At the same service, a memorandum of understanding was signed between Qatargas, Maersk Line and Shell International Trading Middle East Ltd. to evaluate LNG as a marine fuel.