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improving energy efficiency, diversifying energy sources, developing indigenous renewable resources, increasing ethanol production, upgrading oil refineries, and mitigating the impact of the country’s electricity monopoly. In addition to the specific biofuels measures discussed above, the updated strategy focuses on increasing the consumption of liquefied natural gas through imports from Trinidad and Tobago – efforts which began earlier in the decade. Following feasibility studies, which concluded that demand from the bauxite/aluminum industry and power sector was sufficient to make the investment (current market potential is 2.5 million tons per year), the government signed a Memorandum of Understanding with the government of Trinidad and Tobago in 2004 to supply 1.15 million tons per year of liquefied natural gas for a 20-year period to the Jamaica Aluminum Company and the Jamaica Public Service Company. There have been delays in implementation, which may threaten the chances of Jamaica receiving gas on schedule in 2009. These delays are the result of complications associated with developing the new liquefied natural gas train, which is required to supply Jamaica, and price negotiations.26 Currently the Petroleum Corporation of Jamaica is in the process of selecting firms to develop the natural gas terminal in Port Esquivel that will receive gas from Trinidad and Tobago.27 Guyana Guyana has also developed a national strategy to reduce petroleum dependence. Guyana Power and Light (GP&L) created the Development and Expansion Program 2006-2010 in late 2005, which focused on replacing hydrocarbon-consuming self-generators with renewable energy. GP&L aims to increase bagasse consumption by developing a new sugarcane factory in Skelton and building bagasse storage capacity so that bagasse supply can increase from 27 to 40 weeks per year by 2010. GP&L and Delta, a Dutch company, are negotiating the development of a 10 megawatt wind farm on the east coast of the Demerara following positive results of a 2003 feasibility study. Progress has been delayed by doubts about whether the avoided costs of the project are greater than the costs of moving forward. Guyana also has significant hydropower potential, especially in Amaila Falls, which has been known since feasibility studies in the 1970s. The past decade has seen growing interest in an Amaila Falls project, culminating in the Government of Guyana signing a memorandum of 14PDF Image | Prospects for the Oil-Importing Countries of the Caribbean
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