View full metadata record

dc.titleUnveiling the Natural Gas Opportunity in the Caribbean
dc.contributor.authorYépez-García, Ariel
dc.contributor.authorAnaya, Fernando
dc.contributor.orgunitEnergy Division
dc.coverageThe Caribbean
dc.date.available2019-05-23T00:00:00
dc.date.issue2019-04-30T00:00:00
dc.description.abstractThis study describes the options for introducing natural gas in the Caribbean region and includes an economic assessment of the cost of natural gas to each of the countries. The natural gas can provide a feasible alternative to reduce fuel oil dependency in the Caribbean and alleviate pressures that increase electricity prices by introducing an additional energy source. This paper analyzes the natural gas demand, costs, the possible competitive market alternatives for the successful development of natural gas import facilities in the region, and a brief analysis of the existing regulatory frameworks in the Caribbean for electricity and gas. The results find that a switch from fuel oil to natural gas could reduce the average cost of generation between 17 and 40%, increasing energy affordability for end users, and contributing to increase access to public services and reduce poverty.
dc.format.extent73
dc.identifier.doihttp://dx.doi.org/10.18235/0001716
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Unveiling_the_Natural_Gas_Opportunity_in_the_Caribbean_en_en.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectElectricity Generation
dc.subjectEnergy Resource
dc.subjectNatural Gas
dc.subjectEnergy Price
dc.subject.jelcodeO13 - Agriculture • Natural Resources • Energy • Environment • Other Primary Products
dc.subject.jelcodeL95 - Gas Utilities • Pipelines • Water Utilities
dc.subject.jelcodeE27 - Forecasting and Simulation: Models and Applications
dc.subject.jelcodeN76 - Latin America • Caribbean
idb.identifier.pubnumberIDB-MG-00700
idb.operationRG-T2694
Return to Publication