Trinidad and Tobago’s state-owned gas company NGC has signed a memorandum of understanding with a consortium comprising Globus Energy, Corban Energy, and Chester LNG to identify and screen technologies for micro and small-scale LNG development projects in the Caribbean.
“This MOU signing signals the commitment of all the companies involved to explore viable solutions to effectively manage energy security and low-carbon energy transition, and potentially expand the use of LNG across the region,” NGC said in a statement on Tuesday.
NGC said that micro and small-scale LNG projects can “positively contribute to creating a cleaner energy mix for the region, as well as support climate change action within the Caribbean.”
According to the firm, the memorandum provides an opportunity to explore the feasibility of small-scale LNG projects, as well as the possibility of sourcing the LNG supply from gas reserves locally and across the region, to deepen and expand the value chain.
Beyond a focus on small-scale LNG projects, the memorandum will also look at any new opportunities and initiatives where NGC and the consortium may deepen their collaboration, it said.
NGC is a shareholder in Trinidad and Tobago’s LNG producer Atlantic LNG, the owner of the Point Fortin plant.
US-based Corban Energy builds bulk storage tanks and ISO tanks, while Chester LNG manufactures small-scale modular plants and fueling stations, according to their websites.
