Aviation has potential to lift LNG industry to new heights
THE global aviation industry has been identified as a significant potential new market for liquefied natural gas producers that could help shore up demand and prices into the future.
Graham Dorrington, an aeronautical engineer and a senior lecturer at Melbourne's RMIT University, told News Ltd he had met with groups such as European aircraft giant Airbus, and was convinced LNG could be a viable fuel source for the industry.
Dr Dorrington said LNG use would generate substantially lower emissions than traditional kerosene fuels and could eventually emerge as a much cheaper fuel source for airlines.
LNG for aviation also could emerge as a premium-priced product and provide an extra earnings stream for companies that produce the commodity, he said.
Dr Dorrington's findings, if realised, could open up a new revenue source for LNG companies at a time when the longer-term dynamics in global gas markets are under scrutiny.
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