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JANUARY 2012
Dominican Republic announces the construction of a natural gas terminal
At a cost of 350 million dollars
InterEnergy Holdings, the owner of the Consorcio Energetico Punta Cana Macao
(CEPM)-the Punta Cana-Macao Energy Consortium-announced a joint venture with the BW Gas Company for the construction of a new liquid natural gas terminal in San Pedro de Macoris, Dominican Republic.
The terminal will be part of a comprehensive logistical solution that will bring natural gas to the country and will be the first investment of BW in the Caribbean. BW is a company that believes in the future of the Dominican energy market.
The investment is expected to be more than US $350 million and the project is expected to be finished in 2014.
The executive vice-president of the Dominican Corporation of State-owned Electricity Enterprises (CDEEE), Celso Marranzini, said that this announcement is one of the most important events in the Dominican energy market in the last decade
.
The joint venture
or association is leveraged with the knowledge that BW has regarding the business of transportation and storage of natural gas, combined with the singular position of InterEnergy with its experience and presence in the energy sector in the country. Andreas Sohmen-Pao, an executive of BW said that they are very enthusiastic about the association with InterEnergy.
Dominican Republic Live, 10.01.12, 12.45 p.m.
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