Home' Trinidad and Tobago Guardian : February 26th 2016 Contents A18
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NEW ORLEANS---The first inter-
national shipment of liquefied nat-
ural gas in decades from the Lower
48 states is poised to leave for
Brazil from Louisiana.
Cheniere Energy Partners LP
announced that a ship bound for
Brazil was being loaded with LNG
at its Sabine Pass facility in south-
The shipment is significant
because it highlights the strength
of US natural gas production, which
has surged because of advance-
ments in fracking and shale gas
Cheniere is among several com-
panies developing natural gas
In statements, the company
characterised the shipment as a
"historic event" opening "a new
chapter for the country in energy
Still, it s far from clear if the mar-
ket for exports will be robust now
that international natural gas prices
have been dragged down by low oil
"The milestone of delivering the
first cargo is a nice PR milestone,
but it doesn t mean very much in
the grand scheme of things in terms
of the business," said Pavel
Molchanov, an energy market ana-
lyst with Raymond James & Asso-
"What will ultimately matter for
the business is what is the pace at
which the Sabine Pass is ramping
The Houston-based company
did not immediately reply to ques-
tions about how much it expects
to ship out this year.
Molchanov said the outlook for
natural gas exports was uncertain.
"Look, the economics of the LNG
market leave much to be desired,"
Eric Smith, the associate director
of Tulane University s Energy Insti-
tute, said he expects the Cheniere
facility to be a success because it
has long-term contracts for more
shipments and US natural gas pro-
duction remains strong.
"We have all the natural gas that
we need or want," he said. "There s
plenty of gas in the ground."
Smith said LNG has been
shipped from Alaska to Japan since
In the Lower 48 states, he said
natural gas was exported in the
1950s. Natural gas production has
surged in recent years and led to
the possibility of exports.
"This is historic in the sense that
it s been a long, long, time since
we ve had enough gas to worry
about a shipment," Smith said. (AP)
announced yesterday it
will accept a 489 billion
yen (US$4.4 billion)
takeover by Taiwan s
Hon Hai Precision
Industry Co, also
known as Foxconn, but
Foxconn said it was not
ready to sign the deal.
"We will have to
postpone any signing of
a definitive agreement
until we have arrived at
a satisfactory under-
standing and resolution
of the situation," Fox-
conn Technology Group
said in a statement.
It did not elaborate. If
the deal goes through,
Sharp would become the
first major Japanese
electronics maker to be
acquired by a foreign
Foxconn is a major
contractor to Apple Inc,
such as iPhones.
Sharp chose Foxconn
as its preferred partner
in a two-day board
meeting ending yester-
day, and said Foxconn
would gain a 66 per cent
stake in the company
under the deal.
It was unclear
whether Foxconn was
questioning the content
of Sharp s announce-
ment, or just requesting
more time to look at
Sharp had been con-
sidering both Foxconn s
bid and an offer from a
Milestone LNG shipment to leave US for Brazil
backed consortium of
Despite Japan s rapid
globalisation, some have
expressed fears a Fox-
conn takeover will result
in the country losing
technology to foreign
Media reports in
Japan that a deal might
be imminent had sent
Sharp share prices ini-
tially higher on the
Tokyo Stock Exchange,
but they finished 14 per
cent lower after details
of the deal leaked.
Sharp made the
trading ended. Sharp
suffered a 108 billion yen
(US$964 million) loss
over the nine months
It has not released a
full year profit or loss
The shipment is significant because it highlights the
strength of US natural gas production, which has
surged because of advancements in fracking and
shale gas extraction. Cheniere is among several
companies developing natural gas exporting
facilities. In statements, the company characterised
the shipment as a "historic event" opening "a new
chapter for the country in energy trade."
Tender for Security Services at Point Fortin Industrial Park
Evolving TecKnologies and Enterprise Development Company Limited (e TecK) hereby invites the submission of
Tenders from eligible bidders for the Security Services at Point Fortin Industrial Park.
The delivery period will be One (1) Year. The Site of the Works is the Point Fortin Industrial Park.
Bidding will be conducted through the Two Envelope Competitive Bidding process in accordance with
e TecK's procurement guidelines and is open to all suitably quali ed bidders.
Interested eligible bidders may obtain further information from and inspect the prequali cation and tender
documents, at the o ce of The Secretary, Tenders Committee at the following address:
Evolving TecKnologies and Enterprise Development Company Limited (e TecK)
Tamana InTech Park, Waller eld
From 8:00 a.m. to 4:00 p.m. on weekdays, but no later than Friday 4th March, 2016 at 4:00 p.m.
A complete set of bidding documents may be purchased by interested bidders upon payment of a non
refundable fee of Five Hundred Dollars (TTD 500.00). The method of payment will be cash or certi ed cheque.
Only bidders who have purchased the bid documents will be eligible to submit tenders.
A mandatory site visit has been scheduled for Friday 11th March, 2016 at 10:00 a.m. at the Point Fortin Industrial
Park. Failure to attend the site visit will render the prospective bidder ineligible to submit a Tender.
Tenders must be deposited into the marked Tender Box at the address above by Thursday 24th March, 2016 at
2:00 p.m. and opened thereafter. Late Tenders will be rejected. All bids must be accompanied by a bid security
of Fifteen Thousand Dollars (TTD 15,000.00) or an equivalent amount in a freely convertible currency.
Tenders must be submitted strictly in accordance with the Tender Documents. e TecK does not bind itself
to accept the lowest or any Tender and reserves the right to negotiate price with any Tenderer.
Evolving TecKnologies and Enterprise Development Company Ltd (e TecK)
Flagship Building, 9 - 15 e TecK Blvd.
Tamana InTech Park, Waller eld, Trinidad and Tobago
Pavel Molchanov, energy market
analyst with Raymond James &
Eric Smith, associate director of
Tulane University's Energy
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