West Africa Gas Orders Ammonia-Powered Gas Carriers
Key Ideas
- Nigeria's WAGL joint venture has ordered two VLGCs with dual-fuel engines capable of running on ammonia, signaling a shift towards cleaner energy sources.
- The partnership between Solvang and BlackRock in Norway aims to focus on ammonia and other commodities in the gas shipping industry.
- Japanese companies receiving Approval in Principle for an ammonia-powered large carrier reflects a growing interest in sustainable maritime solutions.
- The dominance of ammonia carriers in the VLGC order book highlights the increasing adoption of ammonia as a fuel in the shipping sector.
A joint venture between Nigeria and the Virgin Islands, West Africa Gas (WAGL), has made a significant move by placing an order for two new very large gas carriers (VLGCs) with dual-fuel engines capable of running on ammonia. This decision showcases a commitment to utilizing cleaner energy sources in the shipping industry. Additionally, in Norway, Solvang and BlackRock have agreed to establish a gas shipping joint venture that specifically targets ammonia and other commodities. This collaboration underlines the growing interest in leveraging ammonia as a viable fuel option. Moreover, a recent development in Japan where a partnership of companies has obtained Approval in Principle (AiP) for an ammonia-powered large carrier signifies a positive step towards sustainable maritime solutions. The VLGC order book currently sees a dominance of ammonia carriers, indicating a trend towards the increased adoption of ammonia as a fuel in the shipping sector. These initiatives collectively reflect a positive shift towards cleaner and more sustainable practices in the gas shipping industry.