Compressed
Natural Gas (CNG)
hold considerable cost benefits vs LNG
Trinidad Express
Port
Spain
Petroleumworldtt.com
12 10 06
The use of Compressed Natural Gas (CNG) as opposed
to Liquefied Natural Gas (LNG) will negate the use
of expensive pipelines and may spell cost savings
of millions of US dollars a year for a Caribbean
country like Jamaica.
Speaking
at the University of the West Indies (UWI) Mona
Campus last week, Vice President (Commercial) of
Sea NG Corporation Ian Mallory outlined how CNG
works and its considerable cost benefits.
"For
countries like Jamaica that don't have large economies
of scale it does not make sense to spend lots of
money to transform gas into a liquid state and then
spend US$300 million to US$400 million turning it
back to its natural state.
Rather
we compress the gas at source, probably in Trinidad,
Colombia and Venezuela on a ship and then sail to
wherever the client may be. The client then takes
it from the ship and transports it to its plant.
This can be extremely cost effective for both the
bauxite industry and the Jamaica Public Service
Company (JPS)," said Mallory.
According
to a senior executive at the Jamaica Bauxite Institute
(JBI) the bauxite industry ships in 9.8 million
barrels a year, accounting for 37 per cent of Jamaica's
fuel oil imports. JPS imports 6.5 million barrels
a year, which represents 25 per cent of fuel oil,
imports.
/Jamaica
Observer
Trinidad
Express
Wednesday, December 6th 2006
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