American company, New Fortress Energy LLC, will invest more than $200 million to construct a Liquefied Natural Gas (LNG) terminal in Jamaica, according to local news.
The facility is expected to generate more than 200,000 metric tonnes of LNG annually, which will initially be supplied to the domestic market.
There are also plans to expand output for delivery to other Caribbean countries, thereby positioning Jamaica as a regional hub for the supply of LNG.
New Fortress was selected from a list of six entities which submitted bids to supply LNG to power the national energy grid, primarily through the Jamaica Public Service (JPS) Old Harbour 190-megawatt gas fired power plant.
Chairman of the Electricity Sector Enterprise Team (ESET) Dr Vincent Lawrence noted that New Fortress was chosen as the developer of Jamaica’s LNG project, as the entity was the most competitive for JPS’ requirements.
“New Fortress was not only the lowest evaluated price for the volumes required by JPS, it clearly demonstrated its commitment and capability to supply gas as scheduled by the detailed engineering studies they had undertaken,” he said at Jamaica Observer.
Lawrence said the terminal, which is to be built, owned and operated by New Fortress, is expected to be completed for commissioning by 2017/2018.
