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LATEST NEWS |
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| Caribbean | [Back] |
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- T&T has ten years gas reserves
T&T’s proven gas reserves have fallen to ten years, but Energy Minister Carolyn Seepersad-Bachan is not too worried as measures have been put in place to stimulate exploration.
- JPS putting another $56 million into upgrades
Light and power company, Jamaica Public Service Company (JPS) plans to spend US$56 million ($4.8 billion) to upgrade its plant and equipment in 2010, which will include a windfarm, while the firm noted that the future introduction of liquefied natural gas (LNG) will slash energy costs for Jamaicans.
- T&T reviewing LNG accord with Jamaica
Trinidad's new energy minister said Tuesday that all energy-related deals, including the 2004 agreement to supply liquefied natural gas (LNG) to Jamaica, are under review.
- Range enters into Heads of Agreement with SOCA Petroleum
Range Resources has entered into a binding Heads of Agreement ("HOA") through SOCA Petroleum to acquire its rights to a 10 percent interest in companies whose wholly owned subsidiaries hold production licenses for three blocks in producing onshore oilfields in Trinidad and a major local drilling company.
- T&T has edge with cheap energy
Caricom states’ continued accusations against T&T about unfair trading cannot be sorted out at the current Caricom summit and will have to be dealt with at other meetings starting in Kingston today T&T Trade Minister Stephen Cadiz said.
- Energy Minister: $2 billion gas subsidy bill too high
With Government’s gas subsidy bill crossing $2 billion, Energy Minister Carolyn Seepersad-Bachan has mandated the National Petroleum Marketing Company Ltd (NP), to configure a new national compressed natural gas (CNG) network.
- Jamaica: 'LNG will not cut it!'
Jamaica Manufacturers' Association (JMA) President Omar Azan yesterday challenged the Government to explore alternative energy sources besides liquefied natural gas (LNG), which it has been fervently pursuing with its CARICOM neighbour, Trinidad and Tobago.
- Energy policy to address wheeling by September
Energy ministry officials said that policies that will give private entities access to Jamaica Public Service Company's (JPS') distribution lines to provide its own electricity at several sites across the island, among other energy related issues, will be comprehensively addressed by September.
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