We have all be watching the government’s LNG plan crumble faster than the Jamaican roads but today’s news regarding Promigas is significant. Promigas is who the government named as the savior of Jamaica’s energy problems by making them the preferred bidder for an LNG project here. But AEI the parent electricity company of Jamaica Private Power is selling its majority stake in Promigas “to reorganise the company around a smaller business focused on power generation.” Hmmm, sounds like they have figured out that the US$1billion it will take to even get Jamaica on the LNG track might be a risky idea. Or maybe ‘smaller business focused on power generation’ means its going with the rest of the world and looking ways to produce cheap green energy through solar etc. Really all that has happened is that thankfully the details of this entire racket have come to light and for once hopefully the Jamaican people will not be sold out for a cash grab.
Anyway the most recent 3 strikes for LNG are below but as we know there are many more. Its Wednesday so I will see you at the Jamaica Contender tonight taking my mind off the price of oil (pssst $100 a barrel and Jamaica uses an energy mix of of over 90% diesel fuel. Fuel comes from oile but don’t tell anyone cuz government keeping that science a secret).
Strike 1 – Government is yet to receive commitments from potential off-takers of LNG, including JPS and the island’s alumina refineries that they will use the fuel. (fast ball)
Strike 2 – Removal of the LNG project from the control of energy minister, James Robertson, transferring it to Office of the Prime Minister under Zacca’s guidance. (breaking ball into Robertson’s nuts)
Strike 3 –
