Alerts

  • The Ministry of Public Works is advising that effective August 6, 2018, Blackwatch Pass will be closed to traffic so that construction works can be conducted. The closure will be for an extended period of time. While Blackwatch Pass is closed the public is encouraged to seek alternative routes to avoid delays.

Alerts

  • The Ministry of Transport and Regulatory Affairs is advising that beginning Friday, August 10 the Central Bus Terminal ticket kiosk in Hamilton will operate on an amended schedule. Read more

Viability of Liquefied Natural Gas in Bermuda Report

On March 21st the Minister of Economic Development, Dr Grant Gibbons, tabled the Viability of Liquefied Natural Gas in Bermuda Report in the House of Assembly. The Report was commissioned by the Department of Energy and produced by Castalia Strategic Advisors, in order to assess the viability and trade-offs relating to the potential deployment of LNG in Bermuda.

Bermuda is at a critical point in planning for a low-cost, reliable, and sustainable electricity sector. Near complete dependence on imported oil for electricity has led to high prices, and left Bermuda vulnerable to price shocks as global oil prices fluctuate. As the country’s existing thermal generation assets near the end of their useful lives, evolving technology and international fuel markets have given Bermuda an opportunity to invest in lower-cost and more sustainable alternatives than oil-fired generation.

Specifically, low natural gas prices and at least two project proposals to import liquefied natural gas (LNG) to Bermuda have led the Government to consider whether switching to natural gas is in the country’s best interest. To help determine its position on LNG, the Government has commissioned this study, which examines the economic viability of LNG for Bermuda. We conclude that importing LNG could lead to lower electricity prices and lower emissions from electricity generation. As a result, we recommend a process for determining the best way for Bermuda to procure LNG.

Read the Viability-of-Liquefied-Natural-Gas-in-Bermuda.pdf

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