10SEP2018 - NEWS - KOGAS announces to invest 1 trillion won (US$895 million) to establish infrastructure for liquefied natural gas (LNG) powered vessels and trucks

The state run Korea Gas Corporation. (KOGAS) recently announced that it will invest 1 trillion won (US$895 million) by 2025 to establish infrastructure for liquefied natural gas (LNG) powered vessels and trucks, as well as hydrogen-fueled vehicles. The company will consult with the government to expand the use of LNG for ship fuel and increase subsidies for eco-friendly vessels to get prepared for a stricter global sulfur cap on bunkers, set to be enforced in 2020. KOGAS will build a new bunkering facility in the southeastern region in 2022 to deal with a growing number of LNG-powered ships, and expand LNG charging stations in major ports and cargo terminals by 2020.
 

Published by Editor - www.Livebunkers.com at 10-Sep-2018 05:40:40 [UTC] , contact editor at editor@livebunkers.com