Samsung snags LNG project - Business - Jamaica Gleaner - Wednesday | July 25, 2012

Samsung snags LNG project - Business - Jamaica Gleaner - Wednesday | July 25, 2012: "Philip Paulwell, minister of science, technology, energy and mining, said Tuesday that South Korean company Samsung has emerged the preferred bidder to develop Jamaica's liquefied natural gas (LNG) infrastructure.

He otherwise announced that Jamaica will auction off a new cellular phone licence and a fibre-optic licence, which will add increased competition in the telecoms market.

Speaking in Parliament, Paulwell told lawmakers that the LNG committee would now begin negotiations with Samsung, which beat out companies such as Exmar Marine of Belgium and Sener Ingenieria y Sisternas, SA of Spain for the job to develop the floating storage regasification unit."

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