This project, selected in accordance with the
UNFCCC and CDM pre-assessment guidelines, is an associated gas recovery and
utilization venture proposed by the company’s Exploration and Development
Division. The plan, which targets a reduction in greenhouse gas emissions, was
conceptualised to recover and utilise methane rich natural gas currently vented
in the fields.
Upon successful implementation, this project will
allow Petrotrin to earn Certified Emission Reduction (CER) credits, which can
be sold to developed countries that hold binding emission targets under the Kyoto Protocol.
This will be the fourth
CDM project in the Caribbean. Other projects identified include wind
farms in Jamaica and the Dominican Republic and a land fill methane recovery
project in Cuba.
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