This joint venture project is unique in that it brings together two experienced and complementary parties who, in addition to enabling their business partners and customers to switch to LNG, have committed to using the fuel for their own internal consumption. In 2011 alone, Encana saved $12 million in fuel costs by using natural gas instead of diesel in drilling rigs and company trucks and is on track to exceed this figure in 2012.
“Ferus understands the economic and environmental benefits of using LNG as an alternative fuel, and as such, not only are we operating the first two LNG tractors in Alberta, we plan to convert our entire truck fleet over the next five years,” said Richard Brown, President and CEO of Ferus. “We are very pleased to be working with Encana to help develop the natural gas engine market by ensuring fuel supply and operating the necessary equipment to safely and reliably get the product to our customers’ site.”
Source: Encana Corporation & Ferus LNG Inc.