A1 Refereed original research article in a scientific journal
LNG MARITIME ENERGY CONTRACTING MODEL
Authors: Olaniyi EO, Gerlitz L
Publication year: 2019
Journal: Entrepreneurship and sustainability issues
Journal name in source: ENTREPRENEURSHIP AND SUSTAINABILITY ISSUES
Journal acronym: ENTREP SUSTAIN ISS
Volume: 7
Issue: 1
First page : 574
Last page: 593
Number of pages: 20
ISSN: 2345-0282
DOI: https://doi.org/10.9770/jesi.2019.9.1(40)
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.
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.
UTU Research Portal