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Well Heeled - July 2024
Welcome to this special edition of Well Heeled, Stephenson Harwood's bulletin for clients engaged in LNG and gas transportation, trading and offshore production.
Carbon Capture and Storage (CCS) is seen as a vital tool in combatting climate change. The executive director of the International Energy Agency Maria van der Hoeven says it is “essential”. Former UK chief scientist David King has CCS “the only hope for mankind”.
CCS projects are being developed at a rapid rate and many are now leaving the concept stage and starting to become operational. The carriage of LCO2 by ship will be essential to guarantee full-scale operation of these projects, as well as enabling nations that do not have storage sites available to them locally, particularly in the Asia-Pacific Region, to carry CO2 produced by domestic emitters long distances to off-shore storage sites.
In this special edition, our global team explore Carbon Capture and Storage, LCO2 new buildings, the shipping of LCO2 and the evolving regulations governing CO2 carriage storage projects.
We hope this edition finds you well; if you have comments or would like to learn more on any topic please do not hesitate to get in touch.
Click here to read this edition.
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