A lot of steam was generated a couple of weeks ago by the Anthony Wilson article about T&T sending LNG to Jamaica to power their calcining process that produces alumina from bauxite.
Wilson had pointed out that these Jamaican industries are almost totally owned by international investors including a Russian oligarch. In other words Prime Minister Manning has put on record that he considers it a "national priority" for us to supply our valuable LNG to feed the fortunes of these foreign "entrepreneurs."
Several letters hit the papers all crying foul. I did not see in any of these letters where this LNG would come from, considering our fast depleting reserves. Manning having previously advised Jamaica that we simply do not have the reserves available to supply them has now made an about face and now intends to supply.
Please note that in the perhaps one or two years that have elapsed since anybody published a Ryder-Scott report on our reserves (that showed we do not have enough) virtually no exploration has been done, certainly no gas finds have been announced and reserves can only have decreased. Also note that the Government promises to revise fiscal terms on new acreage have come to naught. No revised terms have been announced. In fact, by this inaction we have pushed back the whole issue of new leasing and exploration a further two years while reserves continue to deplete. Do not be diverted by the recent announcements about Centrica and Voyager. These were approved years ago and are unlikely to result in significant reserves.
Also the recent letters did not address the aluminium smelter itself. As far as can be determined from publications this controversial smelter is to be built on a sub-economic scale and dedicate a miniscule part of its production to industries in Trinidad. It was previously announced that the Venezuelan partner had pulled out which should mean that T&T has raised its stake in this plant from 60 per cent to 100 per cent. So here we are hurtling headlong into another uneconomic dangerous venture, with instructions in Chinese,�requiring an enormous electrical generation plant fuelled with�gas we don't have, now promising to send more of this mythical gas to Jamaica in order to obtain assured supplies of alumina that we could easily buy elsewhere, in order to get a few tonnes/year of aluminium that we could buy on the international market.
In the process we have destroyed 1000 acres of forest, confronted residents and environmentalists, the EMA has come into disrepute in the courts for approving it at all, and Manning particularly, has lost a lot of popularity by his refusal to listen to anybody. Could we please have full disclosure and economic justification on all aspects of this project?
Reg Potter
Glencoe
