LR Advisory has been appointed by Geogas Trading SA to develop a multi-year emissions compliance plan and put FuelEU pooling arrangements into operation ahead of the regulation’s first compliance cycle.

The advisory team will support Geogas Trading as it prepares for FuelEU Maritime, the European Union framework that sets greenhouse gas intensity limits on energy used by vessels calling at EU ports.

Luke Shu, technical advisory manager for maritime commercial markets at LR Advisory, said: “FuelEU Maritime represents a fundamental shift in how emissions regulation affects commercial outcomes.

“Charterers and shipowners are now directly exposed to incentives and penalties that influence day-to-day operational, chartering decisions and P&L. Our role is to support organisations like Geogas understand those impacts in detail and put practical structures in place that allow them to operate confidently and competitively as the regulatory landscape tightens.”

FuelEU Maritime entered into force in 2025 and introduced progressive limits on the greenhouse gas intensity of marine energy use. The regulation includes a pooling mechanism that allows operators to combine compliance performance across multiple vessels.

The first compliance period runs through 2025, with financial penalties for non-compliance applied from 2026 onwards, while vessels that outperform targets can generate surplus compliance for future use or transfer.