Americas News
Caribbean Players Upbeat on LNG Bunkers, Conference Hears
Players in the Caribbean have spoken warmly about their prospects for LNG bunkering once the 0.50 percent global sulfur cap on bunkers comes into force in 2020, delegates gathered this week at the S&P Global Platts Bunker and Residual Fuel Conference have heard.
"I think in the long term LNG is really going to come into play," said Anne Ghent, CEO at Trinidad and Tobago-based Ventrin Petroleum.
And while Ghent noted that in the nearer term shippers were more comfortable with using gasoil for compliance, there was still a "big question mark" as to whether refiners would be ready to meet demand.
While many of the speakers from the Caribbean were bullish on LNG bunkers, some also reiterated some of the well know barriers to adoption, including high handling and infrastructure costs.
Platts 14th Annual Bunker & Residual Fuel Conference took place June 20-21, 2017 at St. Regis Houston, Texas.
