Trinidad and Tobago plans natural gas pipeline

Jul 06, 2002 02:00 AM

Trinidad and Tobago will build an undersea natural gas pipeline throughout the Caribbean to help its poorer Caribbean neighbours, the islands' prime minister said. The proposed pipeline would run from Trinidad to the French islands of Martinique and Guadeloupe and end in Puerto Rico, Trinidad and Tobago Prime Minister Patrick Manning said at a Caribbean summit in Guyana. Its estimated cost is up to $ 500 mm.
"We are about to expand significantly our exports. In that context, new markets have to be opened and there is a big market in the region," Manning said. Regional governments could save up to 30 % in foreign exchange now used to buy fuel, Manning said. The pipeline's "implications for the economic well-being of the Caribbean are so great," he said.

Ongoing feasibility studies estimate a line running from Trinidad to Guadeloupe and Martinique with pipes extending to Antigua, St Kitts and Barbados could cost up to $ 500 mm, Manning said. He said other countries could get compressed liquefied gas shipped to them.
Manning said the project could extend to Guyana and perhaps even the Dominican Republic and Cuba, which have a combined population of about 18 mm. The pipeline could be completed in three years, Manning said.

Trinidad and Tobago, a former British colony, has known natural gas reserves of more than 22 tcf. Revenue from gas exports is projected to be $ 7.3 bn over 20 years.

Source: AP Online
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