|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Caribbean

Dominican Republic Inaugurates Latin America’s First LNG Distribution Terminal

SANTO DOMINGO – Power company AES Dominicana has inaugurated a liquefied natural gas distribution terminal east of Santo Domingo, the first facility of its type in the Dominican Republic and Latin America.

The LNG terminal will yield annual savings of more than $1 billion, AES Dominicana officials said.

The terminal will allow the Dominican Republic to “significantly” reduce its high dependence on petroleum, AES Dominicana chief Marco De la Rosa said.

“With the distribution of natural gas in its liquid state to all sectors of the economy, we are in the forefront of the future of energy in the Dominican Republic,” De la Rosa said.

LNG is natural gas that has been supercooled, condensing it into a liquid that takes up to 600 times less space than in its gaseous state.

The fuel can be transported over long distances from countries that have large supplies of natural gas to those where the fuel is in demand.

The LNG terminal, among other benefits, will allow the Dominican Republic to replace 35 percent of its fuel mix, create around 300 new direct and indirect jobs, and reduce emissions of CO2, the gas believed to contribute to global warming, by more than 300 tons annually, De la Rosa said.

The use of LNG “will help achieve total savings on the order of $1.1 billion annually, representing a sum relative to 2.5 percent of the gross domestic product,” the AES Dominicana chief said.

The fuel savings can be used in the health and education sectors, “improving, at the same time, the country’s strategic position by having a more balanced fuel mix” for generating electricity, De la Rosa said.

Dominican officials are crafting strategies for making the Caribbean nation less dependent on fossil fuels and more focused on alternative and renewable energy sources.

The Dominican Republic, according to official figures, currently consumes about 165,000 barrels per day of petroleum.

AES Dominicana, a unit of U.S.-based AES Corp. and the largest private power generator in the Dominican Republic, started using natural gas to produce electricity in 2003 at the AES Andres plant located 35 kilometers (21 miles) east of Santo Domingo. EFE
 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2020 © All rights reserved