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DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

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DNV GL expects LNG uptake to grow quickly in the next 5 to 10 years, first on relatively small ships operating in areas with developed gas bunkering infrastructure, where LNG prices are competitive to HFO (heavy fuel oil) prices. Ship electrification and renewables. —“Alternative Fuels For Shipping”.