Wednesday, 02 April 2014 11:24

Marine sector benefits with LNG

A report on pdf Liquefied Natural Gas: A Marine Fuel for Canada's West Coast (1.23 MB)  highlights the benefits of using liquefied natural gas (LNG) as an affordable, lower emission fuel for Canada's marine sector. According to the report, all of the technologies needed to use LNG as a marine fuel are proven and commercially available.  In the near-term, coastal vessel operators serve to benefit with the potential reduction in fuels costs by more than 50%, estimating a payback on initial investment of less than six years. 

Jointly funded by Transport Canada and a broad group of industry and other participants, the report recommends changes to Canada's marine regulatory framework to allow for the review and approval of new LNG projects. These changes would support new projects moving forward including the use of three LNG ferries that BC Ferries plans to have in operation in 2017.

Read 2799 times Last modified on Wednesday, 09 July 2014 16:08
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