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LNG MFI applauds ‘Green Shipping’ incentives at Pilbara Ports

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LNG Industry,

The LNG Marine Fuel Institute (LNG MFI) has welcomed moves by the Government of Western Australia (WA) to introduce new incentives encouraging ships visiting Pilbara Ports to use cleaner marine fuels like LNG.

Building on the Pilbara’s strength as a global LNG production hub, the region’s McGowan Government will offer a 50% discount in port dues to bulk vessels bunkering with LNG at Pilbara ports – saving each vessel approximately $20 000.

The discount will come into effect on 1 July 2020, and will remain in place for five years. If taken up, the discounts could be worth up to $5.3 million by 2025.

The WA Premier Mark McGowan said: “The Pilbara is already globally renowned as an LNG production powerhouse, and my Government is taking steps to turn the Pilbara into an international LNG fuelling hub.”

“Today’s announcement sends a clear signal that the WA government is taking a strong position to help Australia reach greenhouse gas emission targets set by the International Maritime Organisation,” LNG MFI CEO Margot Matthews said. “We’ve strongly advocated with our members, including the Pilbara Port Authority, for these changes which we believe are good for the state and the country.”

LNG MFI’s position is that Australia can meet and exceed new IMO 2020 regulations by establishing early adoption of natural gas, providing the Australasian maritime industry with a superior and cost-effective fuel source.

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Australia LNG news LNG bunkering news Natural gas news