Home' Trinidad and Tobago Guardian : February 27th 2014 Contents A26
Guardian www.guardian.co.tt Thursday, February 27, 2014
Representatives of Venezuela and T&T analysed
options to create a maritime route between both
nations, with a view to favoring connections for
the tourist sector, Venezuelan government officials
told Prensa Latina on February 21.
According to the Aquatic and Air Transportation
Ministry, officials of Venezuelan entities and of the
National Infrastructure Development Company
(Nidco) participated in the meeting.
The report underscored the government owner-
ship of Nidco.
The hosts expressed their interest in that project
to connect the localities of Cumana, in Sucre state,
and Port-of-Spain (Puerto España), with ships from
the state-owned ferry company La Nueva Confer-
ry.Nidco, the report said, proposed using 41-metre-
long water jet-propelled catamarans, with an 11-
metre-long beam and a two-metre-deep draft and
capacity for 405 passengers.
These boats were built in 2010 and meet inter-
national maritime classification standards, the
In the meeting, Nidco and the Venezuelan gov-
ernment ministry were reported to have "dealt with
all the legal, technical and operational aspects,
trying to make the establishment of this maritime
route feasible." (Aleem Khan)
Liquified natural gas (LNG) from T&T is helping
to fuel Singapore s burgeoning LNG business, a
report by Jonathan Kwok of Singapore s Straits
Times said on Tuesday.
Singapore on Tuesday announced plans to build
a second LNG terminal even as the country s first
terminal on Jurong Island was officially commis-
Having LNG terminals means that Singapore can
take in imports from all over the world, in addition
to the natural gas coming via pipes from Malaysia
The terminal, which started operations in May
last year, has received shipments from Equatorial
Guinea in Africa and T&T in the Caribbean.
The shipments have so far been for domestic
use, but the terminal has the infrastructure to reload
LNG into other vessels to be shipped elsewhere,"
the report said.
The Singapore LNG terminal can handle six mil-
lion tonnes a year. Plans are under way for a fourth
tank and additional equipment to lift capacity to
at least nine million tonnes a year by 2017.
The terminal has space to accommodate seven
"But that s the limit because of land constraints,"
said Singapore prime minister Lee Hsien Loong,
speaking at the official opening of the Singapore
"Therefore we will build a second LNG termi-
LNG is the fuel used to generate most of the
electricity used in Singapore.
Lee said that potential sites in eastern Singapore
are being studied for the second terminal. "This
will enhance our energy security because it will
geographically diversify our LNG import infrastruc-
ture," said Lee yesterday evening.
The new terminal will also support new industrial
sites and power plants, he added.
More than 90 per cent of Singapore s electricity
is generated using natural gas, which is cheaper
and more environmentally-friendly than oil.
Lee said that Singapore will continue
to explore new energy options, such as
"We want to learn more about solar, so
that when it becomes cheaper and more
competitive we will be ready to deploy it
on a large scale."
Singapore is supporting solar pilot proj-
ects including those in Housing Board
The government will develop manpower
resources and create good jobs in the ener-
gy sector, Lee was quoted as promising
Singaporeans make up 80 per cent of
the workforce of Singapore LNG Corp, the
terminal operator, he added.
Earlier in the day, S Iswaran, second
minister for trade and industry, highlighted
plans to grow Singapore s LNG business.
These include a framework to appoint
new LNG importers to meet Singapore s
domestic gas needs beyond the franchise
held by British oil and gas firm BG Group.
CIMB regional economist Song Seng
Wun said the second LNG terminal will
help Singapore stay ahead of other coun-
tries in its bid to become a hub.
He said: "In the region we are seeing
growth in (LNG) demand. We are enhanc-
ing our position by investing more in this
Nidco meets with
Venezuelans on sea
bridge to T&T
T&T's LNG fuels Singapore's business
"This will enhance our energy
security because it will
geographically diversify our LNG
Singapore PM Lee Hsien Loong
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