Countries

Grenada Awaiting Result On Natural Gas Discovery

Grenada's Prime Minister, Dr Keith Mitchell
Grenada Awaiting Result On Natural Gas Discovery

The Grenada government has confirmed the discovery of natural gas within the island’s territorial waters, but said it is still awaiting the results of tests to determine whether the gas is of a quality the island could benefit from financially.

“The findings are being tested for quality,” Prime Minister Dr Keith Mitchell said, adding that not all-natural gas found is of the quality required for refining.

“The finding is one thing but the quality is what will make a difference, I cannot and will not count my chickens before the eggs are hatched,” he said.

Earlier in the year, the government disclosed that it had issued a license to the Russian based Global Petroleum Group to conduct the necessary exploration activities to locate oil and natural gas within the island’s territorial waters.

In May, a notice was placed in local newspapers that dredging was being done in water south of Grenada. The marine department of the Grenada Ports Authority has confirmed that the dredging has since been completed and the ridge has departed from Grenada’s marine space.

In June, Parliament approved the Hydro Carbon Exploration Incentive Bill 2017 outlining a package of incentives for oil and gas exploration to any company.

A Trinidad and Tobago based newspaper had recently reported that oil and gas had been found by GPG close to the border with Venezuela.

Source/CMC

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Countries

More in Countries

San Juan Mayor: ‘Disaster-In-Chief’ Trump Was ‘Disrespectful’ to Puerto Rico

December 29, 2017

Flagrant Violation in Trial of Ecuador’s Vice President, Defense Attorney Says

December 29, 2017

MI5 Plotted Assassination of Irish PM in 1985 – Paramilitary Group

December 29, 2017

Venezuela’s Cryptocurrency Set to Avoid Financial Attacks

December 29, 2017

China Offers Tax Break to Keep Investors after US Overhaul

December 29, 2017

Israeli Jets, Tanks Launch Fresh Attacks Against Gaza Strip

December 29, 2017

Cuban Revolution Persists Despite Hostility of U.S. Government

December 29, 2017

Corbyn Accuses Tory Brexiteers Of Wanting To Drive UK Off A Cliff

December 29, 2017

Brazil Elections: Intellectuals, Artists Back Lula Candidacy

December 29, 2017
You Can Advertise Here
"The other side of the news!"
Copyright © 2015 Carib Flame. Follow us on Twitter @caribflame