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Gov. Jeb Bush Urges Bahamas to Decide on AES Proposal

Citing Florida’s growing need for natural gas, Gov. Jeb Bush this week met with Bahamian officials to urge a decision on AES’ proposed terminal. AES proposes to build an import terminal in Bimini and send gas by pipeline to Florida, but is waiting on app
February 21, 2006

Citing Florida’s growing need for natural gas, Gov. Jeb Bush this week met with Bahamian officials to urge a decision on AES’ proposed terminal. AES proposes to build an import terminal in Bimini and send gas by pipeline to Florida, but is waiting on approval from The Bahamas. The Nassau Guardian reports that the Bahamas could lose an estimated $985 million over a 25-year period if the AES project is scrapped, and that the government is interested in a joint regulatory regime. According to Bahamas B2B, Bush also said that “there is not enough capacity to demand two terminals being built at the same time” and indicated that if The Bahamas does not make a decision soon, a Suez proposal offshore Florida might render a Bahamas terminal unfeasible.

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