Cheap US LNG could be Caribbean solution

The Caribbean is in a good position to take cheap US LNG. But the indebted region may struggle to convert from fuel oil The Caribbean is in a good position to take cheap US LNG. But the indebted region may struggle to convert from fuel oil.
By Chris Noon 13 November 2017 0 28347
LNG import forecast.

Caribbean LNG demand is forecast to increase from just over 2 mtpa in 2016 to around 7 mtpa by 2025, according to United States-based consultants McKinsey, which published a study on the region’s gas market last week. 

LNG import terminals in the Caribbean and their capacities.

Now is a good time for the fuel oil-dependent region to switch to gas, given the increased global LNG supply and the Caribbean’s proximity to the...

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