CoolCo believes that LNG is a key transition fuel for a cleaner future and aims to improve efficiency of its supply, in an effort to reduce emissions
We believe that LNG is a key transition fuel and bridge to a cleaner energy future. During this transition phase we support the use of LNG to replace more carbon intensive and particulate laden fossil fuels. We invest in our assets to improve efficiency and reduce emissions. We participate in industry initiatives that share similar goals and sponsor companies with promising technology.
COOLCO’S SUSTAINABILITY PRIORITIES
Our business is to ship energy to customers and countries across the globe whilst prioritising safety, sustainability and reliability. In these times of turmoil, supply of LNG has become critical in securing improved living standards and stability in several parts of the world.
In 2020 we launched a cross-fleet initiative to reduce emissions by close monitoring and implementation of follow-up actions. In 2022 we initiated a fleet upgrade programme to further reduce emissions in line with set targets and the IMO´s GHG 2030 strategy.
Renewables alone are unable to satisfy demand currently met by hydrocarbons. Low-carbon and carbon-free alternative fuels must therefore be identified and developed into scalable, cost-effective solutions. We are exploring such alternatives together with Eastern Pacific Shipping.
Until alternative solutions have been identified and scaled up, natural gas is immediately able to displace more carbon intensive fuels such as coal and oil. It is available on a scale sufficient to support base load energy requirements and is a flexible and reliable companion to intermittent renewables. This is what makes natural gas and LNG the transition fuel of choice.
