Jamaica is pursuing the importation of Liquefied Natural Gas (LNG) in order to introduce natural gas into the country’s energy mix, which is overly-dependent on high-cost oil-based fuel for its electricity generation.
The Jamaica LNG Project is designed to utilize an offshore LNG Terminal, based on a Floating Storage & Regasification Unit (FSRU), in order to speed project implementation and reduce costs. Requests for Proposals (RFPs) for the LNG Terminal and the long-term supply of LNG were issued in 2011 and the responses are currently being evaluated. The Jamaica LNG Project is estimated to save Jamaica between USD 300-500 million per year in reduced energy costs. Megginson & Associates provided the project management services during the framing and development phases of this important project.
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