Out with the new and in with the old: turning back to LNG?
NewsIn 2020, Maersk’s former Chief Executive Officer (CEO), Søren Skou, firmly dismissed LNG (liquified natural gas) as a viable option for decarbonisation of its fleet. Citing its status as a fossil fuel, he expressed a preference to leap directly to carbon-neutral alternatives. This stance was underpinned by concerns over LNG’s methane “well-to-wake” emissions. At that time, Maersk placed its bets on (green) methanol, positioning it as the preferred fuel for a zero-carbon future.