Western Europe has identified major new gas fields and North America has vast reserves of natural gas. So has Russia and, using technology developed in the last decade, China is beginning to exploit vast stores of gas.
In other words, the best markets for BC gas are domestic markets. Like automobiles, trucks and marine services.
BC Ferries claims it is being crushed by diesel fuel costs that have almost tripled in the last decade. Fuel accounts for more than one fifth of operating costs.
“MF Boknafjord”: World’s Largest LNG-Powered Ferry Named, gCaptain, Dec. 2011
"Fjord1 has been considered a leader in the gas powered ferry market since the first LNG-powered ferry, Glutra, which is operated by Fjord1, was put into service in 2000. In 2006 and 2007, Fjord1 added five LNG powered car and passenger ferries to its fleet and the addition of the MF Boknafjord marks the sixth such ferry for the company. By the end of 2011, Fjord1 will operate a total of 12 LNG-powered car and passenger ferries along the Norwegian Coast.BC Ferries looks to ditch diesel, convert fleet to liquefied natural gas, Brian Morton, Vancouver Sun, January 2012
"...the MF Boknafjord measures 129.9 m long by 19.2m wide and has the capacity for 242 passenger cars and 600 passengers including staff. The vessel features four azimuth thrusters that are run by a gas-electric system consisting of three large LNG gas motors and alternators, giving the vessel a service speed of approx. 20 knots.
"Aside from being LNG-powered, the ferry’s hull design and efficient engine technology help reduce fuel consumption and methane emissions by as much as 25%..."
"[BC Ferries] is doing a feasibility study on converting the Queen of Capilano, an 85-vehicle ferry that links Horseshoe Bay and Bowen Island, into the fleet’s first test LNG-powered vessel..."
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