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dc.titlePre-Feasibility Study of the Potential Market for Natural Gas as a Fuel for Power Generation in the Caribbean
dc.contributor.authorBailey, Jed
dc.contributor.authorJanson, Nils
dc.contributor.authorEspinasa, Ramón
dc.contributor.orgunitEnergy Division
dc.coverageSuriname
dc.coverageGuyana
dc.coverageTrinidad and Tobago
dc.coverageHaiti
dc.coverageBahamas
dc.coverageDominican Republic
dc.coverageJamaica
dc.coverageBarbados
dc.coverageThe Caribbean
dc.date.available2013-12-04T00:00:00
dc.date.issue2013-12-04T00:00:00
dc.description.abstractThis study analyses the feasibility of introducing natural gas in 14 countries in the Caribbean. The current dependence on fuel oil in the countries in the Caribbean has led to high generation costs and electricity prices. Introducing natural gas would decrease both the cost and price of electricity - mainly due to the lower price of natural gas. Additionally, natural gas plants emit less carbon dioxide (CO2) per ton than fuel oil plants. Therefore, the net benefits of natural gas would be seen in lower financial and economic (environmental) costs. It is important to note that upon introducing natural gas, not all renewable energy (RE) and energy efficiency (EE) technologies that are viable in the current scenario - a scenario in which most electricity is generated with fuel oil - will still be viable. Furthermore, though natural gas proves viable under the current situation - where the price of natural gas is lower than that of fuel oil- there is no guarantee that this will always be the case. Lastly, there are some factors that need to be considered closely to fully assess if they will affect the viability of introducing natural gas in the Caribbean. For example, the introduction of natural gas may be hard to organize due to market structure disparities for each country. Additionally, it may not be feasible to completely phase out fuel oil. This report explains the above mentioned topics in further detail. Section A of this report assesses the potential of natural gas as a generation source, and presents the costs of supplying natural gas to the Caribbean. Section B analyses the implications of introducing natural gas on generation costs, electricity prices, and the viability of RE and EE technologies. Section B also includes a cost-benefit analysis that compares the savings in net benefits of three alternatives scenarios to the costs of the current scenario.
dc.format.extent160
dc.identifier.doihttp://dx.doi.org/10.18235/0009145
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Pre-Feasibility-Study-of-the-Potential-Market-for-Natural-Gas-as-a-Fuel-for-Power-Generation-in-the-Caribbean.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectPetroleum, Coal and Natural Gas
dc.subjectEnergy Policy
dc.subjectEnergy Market
dc.subjectElectricity
idb.identifier.pubnumberTechnical Notes
idb.operationRG-CC1058
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