Friday, May 18, 2012

Exmar bullish on Jamaican LNG contract - Business - Jamaica Gleaner - Friday | May 18, 2012

Exmar bullish on Jamaican LNG contract - Business - Jamaica Gleaner - Friday | May 18, 2012: "Exmar has told its shareholders that it has reintegrated Jamaica into plans to grow in regional liquified natural gas (LNG) markets.

The advisory, published May 15, signals confidence by the Belgium company that it will eventually be successful at landing the job to develop Jamaica's LNG infrastructure.

"Exmar has been shortlisted for the provision of a floating regasification unit to be located on the coast of Jamaica," the gas company said in its financial report released Tuesday.

Exmar NV was one of three firms shortlisted last month and is in contention for preferred bidder status.

As a result it has reintegrated Jamaica into its regional LNG build-out prospects, the company told its shareholders.

Exmar had previously been selected to build the terminal under the Golding administration, but that deal was scuttled after the contractor general questioned the fairness of the process."

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