Wednesday 9th March, 2005

 

‘Don’t worry about reserves’

 
 
 
 
Sports Arena
Womanwise
Business Guardian
 
Letters
Online Community
Death Notices
 
Advertising
Classified Ads
Jobs in T&T
Contact Us
 
Archives
Privacy Policy
 
 
 

 

Atlantic LNG chairman John Andrews dismissed fears of a shortage of energy resources. During a question and answer session at the Port-of-Spain Rotary Club’s luncheon, Andrews repeated the notion that exploration is driven by demand.

“People don’t 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 local content.

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.

“That 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,” he said.

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.

©2004-2005 Trinidad Publishing Company Limited

Designed by: Randall Rajkumar-Maharaj · Updated daily by: Sheahan Farrell