LNG chairman John Andrews dismissed fears of a shortage of
energy resources. During a question and answer session at
the Port-of-Spain Rotary Clubs luncheon, Andrews repeated
the notion that exploration is driven by demand.
dont look for reserves first. As the need for gas arises
people will go out and look for gas, he said. The
attraction of T&T is that people feel that there is the
potential to find more gas.
That notion, Andrews added, will drive more and more petrochemical
companies to come to T&T.
Andrews gave a short update on the energy sector, preferring
to spend more time fielding questions from the Rotarians on
topics ranging from the proposed Caribbean gas pipeline to
When asked about the current row between T&T and Jamaica
over the proposed price for LNG, Andrews preferred to stay
out of the issue.
discussion is taking place between the governments of Jamaica
and Trinidad. It is not taking place between the Government
of Jamaica and Atlantic LNG. Atlantic LNG is committed to
be sold at a market price and therefore Atlantic is not in
the business of selling discounted or taxpayers gas to anybody,
Jamaica plans to set up an LNG regasification plant and it
has signed a Memorandum of Understanding with T&T on the
sale of LNG but the issue of a Caribbean price for LNG has
yet to be settled.