By Curtis Williams
PORT OF SPAIN, Nov. 15 -- Trinidad and Tobago has agreed to take 40% interest in a Jamaican LNG regasification terminal slated for construction at Port Esquivel in Kingston by 2008.
In an agreement signed on Nov. 9, Trinidad and Tobago agreed to provide 1.1 million tonnes/year of LNG for 20 years. Jamaica seeks to reduce its reliance on oil.
Jamaica's Prime Minister Percival James Patterson said the regasification terminal would provide gas for power stations and a Jamaican oil refinery. In addition, the agreement ensures the security of energy supplies at stable and competitive prices, he said.