Save money with B.C.’s LNG for marine vessels
How can LNG save you money? Fuelling with FortisBC LNG comes with its advantages:
- Compared to the U.S. Gulf Coast, ships receiving LNG from our Tilbury LNG facility have a much shorter and more direct route to Asia.
- Ships going from B.C. to Asia don’t need to go through the Panama Canal, avoiding the Panama tolls.
- Our colder climate allows for more efficient gas liquefaction.
- We have a reliable pipeline system linking our facilities to Canada’s abundant, low-cost gas reserves—which are large enough to maintain current production levels for up to 200 years.1
Cost benefits of using LNG compared with conventional marine fuels
Fleets switching to LNG can save more than 50 per cent on fuelling costs, so the payback period when upgrading to LNG fuelling is relatively short.2 In fact, the West Coast Marine LNG Joint Industry Project Steering Committee released a report with these findings:
"LNG use can offer significant economic benefits to owners and operators of certain types of vessels. For the six coastal vessel scenarios modelled, five had a payback of less than six years on initial investment.
Annual fuel costs for coastal vessels were reduced by more than 50 per cent, with estimated fuel savings ranging from $500,000 per year to more than $5 million per year, depending on the vessel type."2
