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LNG Maritime energy contracting model

Author

Listed:
  • Eunice Omolola Olaniyi

    (Tallinn University of Technology, Estonia)

  • Laima Gerlitz

    (Hochschule Wismar, University of Applied Sciences, Technology, Business and Design, Germany)

Abstract

To meet the global 2020 low sulphur demand and beyond, the supply of low sulphur fuel must increase and expand. So far, the world bunker market is split between the different compliance solutions increasing demand for sulphur compliant fuel. The work examines the implementation of an innovative business model initially designed to meet energy needs. The developed model facilitated a sustainable LNG supply/distribution process economically and was further tested with a real-life case example that shows the cost structure for the proposed model. Both quantitative and qualitative data approaches were used to collect data. The illustrated modified features of the LNG maritime energy contract model accentuate an analytical and unconventional strategy embedded in experimentation.

Suggested Citation

  • Eunice Omolola Olaniyi & Laima Gerlitz, 2019. "LNG Maritime energy contracting model," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(1), pages 574-594, September.
    • Handle: RePEc:ssi:jouesi:v:7:y:2019:i:1:p:574-594
    DOI: 10.9770/jesi.2019.7.1(40)
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    References listed on IDEAS

    as
    1. Burel, Fabio & Taccani, Rodolfo & Zuliani, Nicola, 2013. "Improving sustainability of maritime transport through utilization of Liquefied Natural Gas (LNG) for propulsion," Energy, Elsevier, vol. 57(C), pages 412-420.
    2. Gu, Yewen & Wallace, Stein W., 2017. "Scrubber: a potentially overestimated compliance method for the Emission Control Areas - The importance of involving a ship's sailing pattern in the evaluation," Discussion Papers 2017/13, Norwegian School of Economics, Department of Business and Management Science.
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    Citations

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    Cited by:

    1. Tetiana Kurbatova & Iryna Sotnyk & Galyna Trypolska & Laima Gerlitz & Tetiana Skibina & Olha Prokopenko & Oleksandra Kubatko, 2023. "Ukraine`'s Bioenergy Sector: Trends and Perspectives for the Post-war Green Energy Transition," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 515-532, September.
    2. Gunnar Prause & Eunice O. Olaniyi, 2020. "Building a sustainable and transferable sulphur emission free BSR [Die Errichtung eines nachhaltigen und übertragbaren Ostseeraumes ohne Schwefelemissionen]," Sustainability Nexus Forum, Springer, vol. 28(1), pages 21-27, June.

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    More about this item

    Keywords

    SECA regulations; Baltic Sea region; clean shipping; sustainability; LNG; global suphur cap;
    All these keywords.

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L98 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Government Policy
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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