April, 2014 – LNG Bunkers – Coming of age

LNG as a marine fuel can no longer be described as a Nordic curiosity. It is now firmly in the frame as a serious fuel of choice in trucks, mining and off-road, railroads and marine. Both the USA and Canada are establishing “green” corridors based along the most popular trucking roots. “Henry Hub” gas prices have been low, placing domestically produced LNG around $12-15/MMBtu. With diesel prices at around $25-30/MMBtu, the choice for efficient operations is clear. Ship operators are beginning to “see the light”.