The Hawaiian Electric Company is currently in discussion with the U.S. Navy to build a liquefied natural gas import terminal at Pearl Harbor. According to HECO, natural gas burns much cleaner than oil and would provide significant fuel savings over time when compared to oil. The plan calls for a new-shore floating platform at Pearl Harbor, where the liquefied natural gas (LNG) would be unloaded from ships and converted back to a gas. It would then be transported through a pipeline to various HECO power plants.
Bill Doughty, a Navy spokesman, stated that "extensive technical and environmental studies are required before any decision is made on locating a terminal at Pearl Harbor." Doughty added, "We are aware that such a project could yield significant potential benefits for the Navy and for Hawaii energy security, electricity cost savings and environmental stewardship. Both Navy Region Hawaii and HECO consider the development of the LNG terminal to be a long-term project that would take several years to compete."
Darren Pai, spokesman for HECO, commented, "Since LNG is a cleaner-burning and less expensive fuel, it would be advantageous as a bridge fuel to displace as much of the remaining oil as possible. Pearl Harbor is protected, has calm waters and good water depths, and is closer to power generating stations."
Source: Honolulu Star Advertiser, 2-10-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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