THE MODEL OF PRICING OF SMALL SCALE LNG BUNKER TERMINAL IN TURKEY

• Main Author: Tansel
• Format: Article
• Language: English
• Published: National Defense University Barbaros Naval Sciences and Engineering Institute Journal of Naval Science and Engineering 2018-11-01
• Series: Journal of Naval Science and Engineering
• Online Access: http://dergipark.gov.tr/download/article-file/586181

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 facing challenges to reduce engine exhaust emissions and greenhouse gases (GHGs) from their ships. LNG is a potential 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 total 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.