Letter: Jamaica could have got natural gas by 2016
Jamaica could have got natural gas by 2016
Recently, I was made aware of an article in your newspaper that was not factually correct as it related to the activities of FTI International Group Inc in Jamaica and, as the president of this company, I am obligated to respond.
On July 21, 2013, an agreement was signed involving JPS and FTI International Group Inc, not Fueling Technologies as you stated. During the 18 months of negotiations leading up to the signing of the agreement, a significant amount of resources, both man-hours and dollars, were expended preparing and presenting the proposal to Jamaica Public Service Company (JPS) and the Government.
Additionally, we supplied extensive technical and commercial information which cannot be used by JPS as it is protected under a non-disclosure agreement signed by JPS and FTI International Group Inc.
The signed MOU outlined supplying natural gas to JPS for 20 years at a price that had two components: transportation cost and feedstock cost. The agreement included a commitment to deliver the natural gas to the fence line of the Bogue Power Plant.
The investment capital required to bring the gas to the fence line was to be provided by the consortium, hence there was no requirement for any funding from JPS. After the signing of the MOU, further negotiations and meetings to finalise a commitment from JPS to move the project forward were put on hold by JPS.
After a final request to JPS (CEO Kelly Tomblin) in May of 2014 went unanswered, there have been no face-to-face discussions or other communications between the consortium and JPS and, therefore, I must conclude that JPS had no interest in pursuing this project further.
Had the timeline in the agreement been followed, Jamaica would have seen natural gas available in Jamaica in early 2016.
Peter R. Wressell
President and Chief