Government has confirmed that a 3.4 billion dollar pipeline deal has been signed with Trinidad’s national gas company.
This follows an online article in the Trinidad media, which reported the deal on the weekend.
Press Secretary to the Prime Minister Philomena Robertson on Monday, confirmed that the agreement has been signed.
She says as Minister Bowen had previously indicated, Trinidad will take all the gas that Grenada produces.
Trinidad Media reported that the National Gas Company is expected to spend more than $400 million for a technical feasibility study on the gas deal with Grenada.
Details of the commercial agreement, it says, were outlined last April by NGC’s chairman Gerry Brooks and President Mark Loquan, following a meeting with Global Petroleum Group.
It further added that at the signing last April, there was no representative from Grenada.
In November last year, Grenada’s Energy Minister Gregory Bowen said GPG had run into financial problems after the first drilling and could not continue exploring for more wells. He said the company had entered into a partnership with an unnamed Chinese company.
GPG is currently exploring in Grenada waters and has been granted a development license for four blocks in the D band of Grenada’s maritime territory.
Leader of Government business in the senate last month, when quizzed on the specifics of the GPG Agreement, said Government had entered a confidentially sealed agreement with Global Petroleum Group (GPG).
