The development of a liquefied natural gas (LNG) regasification terminal by Shell North America will generate a mixed bag of benefits for Shell and the Bahamian public, according to Shell’s General Manager of Market Development Markus Hector, who explained that the terminal, which will be called Terminal Co., will not only produce power for New Providence, but will also service the shipping industry and industrial businesses.
According to Hector, who spoke to reporters outside of the Bahamas Business Outlook at Baha Mar resort, the development of the facility near Bahamas Power and Light’s Clifton Pier power station, will mean a plethora of benefits for The Bahamas, including a leading position in the provision of LNG for the new generation of cruise vessels that will be powered by LNG-burning engines.
“LNG is, in terms of hydrocarbon fuels, the lowest CO2 emissions fuel and it doesn’t have particulate matter or other emissions with it, so it’s a preferred fuel to go forward,” he said.
“And we think that based on having the infrastructure here and having the fuel here in The Bahamas, there is opportunity in terms of industrial use, there is opportunity in terms of Family Islands, there is opportunity to use it as a fuel for cruise liners in particular and other vessels which are massively, on a global scale, switching to LNG and creating an opportunity here for The Bahamas to be the front runner in this new business and create a lot of economic benefit for the people of The Bahamas.”
He added that LNG across the world has been “developing in a transformational way” because it is a cleaner, lower carbon-emitting fuel.
According to Hector, LNG will not only mean cleaner burning power plants on New Providence, but across The Bahamas.
“I have no doubt in my mind that having LNG in The Bahamas brings great opportunity for the future,” he said.
“Dr. Donovan Moxey talked about the ambitions that BPL has in supplying cleaner power across the islands of The Bahamas, including renewables; and certainly including LNG as a backup fuel to basically give the reliability.”