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Unveiling the Natural Gas Opportunity in the Caribbean

2019-05-28 Business & Economics
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Release : 2019-05-28
Genre : Business & Economics
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Book Synopsis Unveiling the Natural Gas Opportunity in the Caribbean by : Ariel Yépez-García

Download or read book Unveiling the Natural Gas Opportunity in the Caribbean written by Ariel Yépez-García. This book was released on 2019-05-28. Available in PDF, EPUB and Kindle. Book excerpt: This study describes the options for introducing natural gas in the Caribbean region and includes an economic assessment of the cost of natural gas to each of the countries. The natural gas can provide a feasible alternative to reduce fuel oil dependency in the Caribbean and alleviate pressures that increase electricity prices by introducing an additional energy source. This paper analyzes the natural gas demand, costs, the possible competitive market alternatives for the successful development of natural gas import facilities in the region, and a brief analysis of the existing regulatory frameworks in the Caribbean for electricity and gas. The results find that a switch from fuel oil to natural gas could reduce the average cost of generation between 17 and 40%, increasing energy affordability for end users, and contributing to increase access to public services and reduce poverty.

Handbook of Caribbean Economies

2020-11-10 Political Science
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Release : 2020-11-10
Genre : Political Science
Kind : eBook
Book Rating : 125/5 ( reviews)

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Book Synopsis Handbook of Caribbean Economies by : Robert E. Looney

Download or read book Handbook of Caribbean Economies written by Robert E. Looney. This book was released on 2020-11-10. Available in PDF, EPUB and Kindle. Book excerpt: This volume aims to illustrate the uniqueness of the economies of the countries and territories of the Caribbean as well as the similarities they share with other regions. While most countries in the region share many of the characteristics of middle-income countries, theirs is a matter of extremes. Their generally small size suggests a fragility not found elsewhere. While much of the world is beginning to feel some effects of climate change, the Caribbean is ground zero. These factors suggest a difficult road ahead, but the chapters presented in this volume aim to help to spur the search for creative solutions to the region’s problems. The chapters, written by expert contributors, examine the Caribbean economies from several perspectives. Many break new ground in questioning past policy mindsets, while developing new approaches to many of the traditional constraints limiting growth in the region. The volume is organized in four sections. Part I examines commonalities, including issues surrounding small economies, tourism, climate change and energy security. Part II looks at obstacles to sustained progress, for example debt, natural disasters and crime. In Part III chapters consider the specific role of external influences, including the USA and the European Union, the People's Republic of China, as well as regional co-operation. The volume concludes in Part IV with country case studies intended to provide a sense of the diversity that runs through the region.

ENERGY Caribbean Yearbook

2008 Carribean oil exploration
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Release : 2008
Genre : Carribean oil exploration
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Book Synopsis ENERGY Caribbean Yearbook by : David Renwick

Download or read book ENERGY Caribbean Yearbook written by David Renwick. This book was released on 2008. Available in PDF, EPUB and Kindle. Book excerpt:

The Geo-Politics of LNG in Trinidad and Tobago and Venezuela in the 21st Century (Revised)

2024-03-03 Philosophy
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Release : 2024-03-03
Genre : Philosophy
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Book Rating : 864/5 ( reviews)

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Book Synopsis The Geo-Politics of LNG in Trinidad and Tobago and Venezuela in the 21st Century (Revised) by : Daurius Figueira

Download or read book The Geo-Politics of LNG in Trinidad and Tobago and Venezuela in the 21st Century (Revised) written by Daurius Figueira. This book was released on 2024-03-03. Available in PDF, EPUB and Kindle. Book excerpt: The original text of this work was published in 2014 which meant that events after the death of President Hugo Chavez in Venezuela in March 2013 such as the Maduro Presidency from 2013 to 2024 and the impact of the unilateral coercive measures of the USA on the natural gas sector of Venezuela need to be included in a revised version. Likewise, the evolution of the gas production shortfall and the measures slated to mitigate this shortfall in T&T, including the dance with Venezuela for the supply of Venezuelan gas to the gas sector of T&T which involves the grave risk of US unilateral coercive measures impacting the gas supply relationship with Venezuela with telling impact on the gas sector of T&T must be analysed. This updated revision presents then the developments in the gas sectors of Venezuela and T&T from 2014 to 2024 thereby analysing the pressing reality of the impact of geopolitics on the LNG sector of both T&T and Venezuela in the 21st century.

High and Dry

2021
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Release : 2021
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Book Synopsis High and Dry by : Dan Welsby

Download or read book High and Dry written by Dan Welsby. This book was released on 2021. Available in PDF, EPUB and Kindle. Book excerpt: The global low-carbon energy transition driven by technological change and government plans to comply with the Paris Agreement makes future gas demand, prices, and associated public revenues uncertain. We assess the prospects for natural gas production and public revenues from royalties and taxation of gas production in Latin American and the Caribbean under different levels of climate policy. We derive demand from a global energy model, and supply from a global natural gas field model and a global oil field model - for associated gas. We find that natural gas production and associated public revenue are strongly impacted by decarbonization efforts. The more stringent climate policy is, the lower the production of natural gas. Exporting natural gas from Latin America and the Caribbean does not help the rest of the world reduce greenhouse gas emissions. In scenarios consistent with limiting global warming well-below 2°C, incumbent producers and natural gas associated with oil dominate production, drastically limiting opportunities for new gas production in the region and increasing the amount of gas left in the ground. Reduced demand for gas produced from Latin America and the Caribbean is mainly driven by falling demand in the region itself, as energy demand in buildings, industry, and transportation shift towards electricity produced from zero-carbon sources. Cumulative public revenues from natural gas extraction by 2035 range between 42 and 200 billion USD. The lower end of the range reflects scenarios consistent with below 2°C warming. In this case, up to 50% of proven, probable, and possible (3P) reserves in the region (excluding Venezuela) remain unburnable - the paper provides estimates by country. Our findings confirm that governments cannot rely on revenues from gas extraction if the objectives of the Paris Agreement are to be met. Instead, they need to diversify their fiscal and export strategy away from dependence on gas production. More generally, climate objectives, energy policies and fiscal strategies need to be consistent.

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