The Model of Pricing of Small Scale LNG Bunker Terminal in Turkey

Year 2018, Volume: 14 Issue: 2, 71 - 90, 30.11.2018

Tansel Erkmen

Abstract

Turkey has great potential in liquified gas bunkering industry. Early
application of liquified gas terminal investments is high likely to generate
substantial income for the shipping industry of Turkey and to its economy as a
whole. The marine shipping industry is facinglchallenges to reduce engine
exhaust emissions and greenhouse gases (GHGs) from their ships. LNG is a
potentiall solution for meeting these requirements. Progress in the marine fuel
industry has become critical to shipowners and cargo owners, since fuel
consumption accounts for much of the total cost of travel and can be a
significant part of totall transport costs. LNG bunker in Northern Europe is
advancing, however, worldwide lack of supply is undermining the spread of LNG
bunkering. Therefore, providing security of supply in the Eastern Mediterranean
could represent an important milestone towards LNG supply chain implementation.

Keywords

LNG Terminal Price, Marine Fuel, Bunker Alternatives, Emission

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