Jamaica/Venezuela Sign LNG MOU

Venezuelan President Hugo Chavez made a three-hour working visit to Jamaica on Monday March 12, during which he held discussions with Prime Minister Portia Simpson Miller on a range of bilateral, trade, cultural and economic matters.
The two leaders signed a Memorandum of Understanding covering the supply of 150M cu. Ft. of Liquefied Natural Gas (LNG) per day to Jamaica, to facilitate the expansion of power generation and the bauxite alumina sector.
A technical team from Jamaica is to proceed with detail discussions with their Venezuelan counterparts for the supply of gas to begin by 2009. This time frame is to allow for infrastructure work which the Petroleum Corporation of Jamaica (PCJ) has to undertake at the refinery in order to manage the supply of natural gas.
The amount of LNG being provided under the MOU will satisfy all the requirements for the bauxite and alumina expansion and power generation. The PM expressed thanks on behalf of the government and people of Jamaica to the Venezuelan government for agreeing to assist with the LNG project.
The two leaders also took the opportunity to examine aspects of the earlier agreement arrived in August last year. The Venezuelan President also expressed an interest in a possible contribution to the regional disaster fund which was set up by CARICOM after Hurricane Ivan ravaged countries in the region.
Prime Minister Simpson Miller also announced that Venezuela will be sending an expert to explore the possibility of developing a programme to assist children with heart disease and also to consider the establishment of a children’s hospital in western Jamaica.

JIS Social