The Office of Utilities Regulation, OUR, and the Petroleum Corporation of Jamaica, PCJ, yesterday signed a Memorandum of Understanding, MOU, establishing a partnership to host Jamaica’s inaugural natural gas conference.
The MOU was signed at the PCJ’s auditorium in St. Andrew.
The conference is to take place from October 4 to 6 this year at the Jamaica Pegasus Hotel in New Kingston.
Deputy Director General of the OUR, Hopeton Heron, says the conference is important as Jamaica is using more natural gas. He says this can be seen in the number of power plants now shifting its use to natural gas.
These include the Bogue Power Plant in St. James and the JAMALCO power station in Clarendon.
The conference will be held under the theme, “New Horizons: The Development of a Natural Gas Sector in Jamaica – Prospects and Challenges”.
Energy Minister, Dr. Andrew Wheatley, says he fully endorses the conference.
He says Jamaica’s use of Liquefied Natural Gas, LNG, is set to have a beneficial effect on the economy including lowering electricity prices.