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Gov’t wants to conclude LNG talks by June

Published:Monday | April 16, 2012 | 6:29 AM

Jerome Reynolds, Gleaner Writer



The Government is moving to complete negotiations by June to begin work on the long-awaited introduction of Liquefied Natural Gas (LNG).




Energy Minister Phillip Paulwell says a steering committee is in advanced talks with the bidders to construct an LNG terminal and to secure a supplier of the fuel.



The bidding was extended to give potential investors more time to complete the process.



And Mr. Paulwell has disclosed that Exmar Consortium has again expressed an interest in the LNG project.



However, he notes that nothing has been finalized.



Exmar Consortium had been selected as the preferred bidder to construct the LNG terminal.



However, the Office of the Contrator General raised concerns about the bidding process claiming that its probe uncovered breaches and other irregularities.



The process was later halted by the previous government and eventually re-started.



The LNG project, which started under the previous government, will see LNG being supplied to the government and the construction of an LNG Floating Storage and Re-gasification Terminal.



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