Table 9 LNG market development scenarios
From: Forecasting port-level demand for LNG as a ship fuel: the case of the port of Antwerp
| Â | Weak development scenario | Status quo scenario | Strong development scenario |
|---|---|---|---|
Global sulphur cap | Global sulphur cap is introduced in 2025 | Global sulphur cap is introduced in 2025 | Global sulphur cap is introduced in 2020 |
Expansion of ECA’s | No additional ECA’s | No additional ECA’s | Planned and discussed ECA’s are introduced |
Regulatory developments | Currently announced regulation prevails, no additional regulation is announced or comes into force | Currently announced regulation prevails, no additional regulation is announced or comes into force | Active development of new environmental legislation |
Supply and demand developments | Fuel suppliers are waiting for demand before investing, shipping companies are waiting for supply before invest in LNG ships | Fuel suppliers are waiting for demand before investing, shipping companies are waiting for supply before invest in LNG ships | Investments in LNG demand and supply by respectively the ship-owners and fuel suppliers |
Fuel supply and pricing | The demand for LNG worldwide is not sufficiently met, prices for LNG are high | The demand for LNG worldwide is partially met, prices for LNG are at the level of alternatives | The demand for LNG worldwide is fully met, prices for LNG ensure quick payback of investments in LNG |