PORT-OF-SPAIN: Construction of the Eastern Caribbean Gas Pipeline is slated to begin in 2014 from the Cove Eco Business and Industrial Park in south-western Tobago.
The announcement followed a meeting between Tobago Chief Secretary, Orville London; Beowulf Energy Principal, Andy Lindholm and Clyde Williams, technical coordinator for the Eastern Caribbean Gas Pipeline Company (ECGPC).
According to ECGPC, the first phase of the US$300 million project will end in Barbados. Natural gas is expected to be pumped into Barbados in 2016 from the BHP Billiton field east of Trinidad to the Cove, which is a US$1 billion processing plant.
In Phase I of the project, ECGPC will construct and operate a 300-kilometre natural gas pipeline from the Cove Point Estate in Tobago to Barbados. Phase II of the project will involve extending the pipeline from Barbados to other Eastern Caribbean islands.
Beowulf Energy of New York and First Reserve Energy Infrastructure Fund (FREIF) have acquired a majority interest in ECGPC.
“The extensive energy infrastructure experience and substantial financial resources of Beowulf and FREIF will accelerate the implementation of this regionally important project thereby creating long term value for the company’s investors while delivering tangible financial and environmental benefits to the islands served by the pipeline,” said EGCPO Chief Executive Officer, Greg Rich.