JMA, JCC pleased with LNG move

Charlene Stuart, Senior Staff Reporter

The Jamaica Manufacturers’ Association (JMA) and the Jamaica Chamber of Commerce (JCC) are applauding the government’s move to put the country’s Liquefied Natural Gas (LNG) programme in private sector hands.

The Minister of Energy yesterday announced that the Jamaica Public Service Company Limited (JPS) will step in and source the infrastructure and supplies.

The JMA’s Deputy President, Metry Seaga says the private sector is looking forward to the promised 30 per cent reduction in the price of electricity to consumers.

But Seaga says the regulatory framework must be in place to ensure that this cost is indeed passed on to the consumer.

The president of the JCC, Francis Kennedy says his organisation lobbied for private sector involvement in the project because it felt the government didn’t have the money to fund it.

charlene.stuart@gleanerjm.com