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Resource ID: #17447
Source:Wall Street Journal (New York)
A LNG plant in Trinidad supplies 40 percent of U.S. imported natural gas, but establishing the plant facility on the small island nation was difficult. BP Amoco and British Gas, the largest producers in Trinidad, were reluctant to back the project proposed by the smaller Boston-based Cabot Corp. Eventually, they did and the $1 billion facility is a huge success thanks to the energy crisis and relatively cheap costs of transportation to New England. Trinidad's overall economy is up 7 percent. Plans are underway to triple the plant's capacity by 2002.
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