Natural Gas for Transportation
Like most developing countries, the small nation states of the Caribbean, Central and South America are confronted with the challenges of transportation. The dilemma of how to cost effectively move people and goods places an extreme burden on limited resources and fossil fuel use. Transportation is an integral part of these developing economies; therefore, these countries are highly susceptible to the fluctuating price of crude oil.
Natural Gas represents a less expensive and cleaner alternative to the use of diesel and gasoline. Embracing natural gas as an alternate automotive fuel involves minor modifications to vehicle engines, fuel systems, and installation of fuel tanks. It also requires the installation of infrastructure to dispense LNG/CNG, either as retrofitting existing gas stations or as stand alone facilities.
NUVO-NG believes it is advantageous to work within a Public Private Partnerships (PPP) structure with local governments as public transportation and government fleets are excellent candidates for conversion as both are typically heavily subsidized by public funds. It is worthy to note, in 2012, fifty percent (50%) of all new buses ordered were natural gas powered. Even with the precipitous fall in the price of crude, natural gas is historically is 30%-40% cheaper than automotive diesel creating inherent cost savings.