Trinidad and Tobago Looks to LNG for 90% Reduction on Bunker Costs

by Ship & Bunker News Team
Tuesday February 4, 2014

The government of Trinidad and Tobago plans to buy new fast ferries that could potentially reduce its bunker expenditures from TTD100 million ($15.6 million) to less than TTD10 million ($1.6 million), Transport Minister Stephen Cadiz told the Trinidad and Tobago Guardian.

The current vessels, which serve Tobago, are aging and consume large quantities of diesel fuel.

Cadiz said the government is strongly considering buying replacements that operate on liquefied natural gas (LNG).

The government is also planning to expand its water taxi services by establishing ports at Point Fortin and Waterloo.

Currently that service has the capacity to transport 9,000 passengers per day but actually moves only 1,500 people daily.

Wärtsilä Corp. (Wärtsilä) said last year that LNG is becoming a strong choice for ferries worldwide.