In recent years the SSLNG industry has demonstrated great potential, and experts agree that it’s just gaining momentum and major gas industry companies are progressively developing and investing in new projects. Vast global natural gas reserves, favorable gas prices and stricter emission regulations are among the factors that make SSLNG so attractive.
SSLNG projects are especially important for Central and Eastern Europe (CEE) because they offer gas supply diversification. Poland and Lithuania are good examples of successful alternative solutions by operating LNG import terminals. Other countries, such as Latvia, Estonia, and Ukraine seem to be following their example to invest in LNG and diversify their natural gas supply. Therefore, in the CEE region LNG offers not only a clean fuel and power solution but also an opportunity to gain independence and leverage.
There are three major ways of SSLNG utilization: marine fuel or bunkering, transport fuel, and off-grid power generation. The use of SSLNG in all areas poses different challenges but also offers exciting opportunities. The maritime sector gets regulated heavier each year, and this presents an opportunity for SSLNG to be utilized to greater extents. When it comes to road transportation, LNG is a very attractive solution because of its accessibility and competitive price. Using LNG for power is beneficial for similar reasons – its availability in remote areas and economic and environmental benefits. Thus, LNG can compete with petroleum fuels and help solve a variety of energy needs in CEE. There still remain numerous opportunities for taking full advantage of LNG, so don’t miss a chance to learn more and move your business accordingly!