Category: Business News
(HOUSTON) The critical role of LNG in meeting shipping’s decarbonization goals was detailed by Christopher J. Wiernicki, ABS Chairman, President and CEO in a keynote speech to U.S. Coast Guard (USCG) leaders at the Liquefied Gas and Alternative Fuels Senior Executive Forum.
“We are going to have to begin to balance what we’re facing today, which is, essentially, how do we handle energy security relative to the short-term energy security challenge and the longer-term energy transition? LNG is going to play a leading role in this. However, for such a key fuel for the energy transition, it is important to recognize it is itself a fuel in transition. And we will need it to not only evolve but to address and mitigate the risks inherent in its operation today if we are to reach our 2050 objectives,” said Wiernicki.