Trinidad to develop natural gas pipeline with Tobago

Jun 05, 2009 02:00 AM

Trinidad says a proposal for the development of a natural gas pipeline between Port of Spain and Barbados remains on the table, even as it presses ahead with plans to spend $ 155 mm to construct a gas link with its sister island Tobago.
Spokesman for the National Gas Company (NGC) Arnold De Four expects that the Tobago pipeline will be up and running by the first quarter of 2011.

However, the NGC Vice President for Commercial Services said Trinidad was currently awaiting word from the David Thompson administration in Barbados on the proposal to extend the pipeline to service the needs of Bridgetown. He said of concern to the Barbados government was the financial viability of the project.
The comments came during a tour of the Point Lisas plant, in central Trinidad, by a group of regional journalists attending a Commonwealth Caribbean Business Media Workshop.

The local energy sector currently accounts for over 40 % of Gross Domestic Product (GDP) but is only responsible for between 3-5% of employment in Trinidad and Tobago.
With the onset of the global crisis, the country is forecasting a decrease in revenues and an impact on employment.

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