Previous Thread
Next Thread
Print Thread
A New LPG Monopoly to Replace An Oligopoly? #537815
08/17/19 06:14 AM
08/17/19 06:14 AM
Joined: Oct 1999
Posts: 70,279
oregon, spr
Marty Offline OP

.
Marty  Offline OP

Much of today's house meeting was spent chatting about China. But, apart from the 50 million US dollar loan from the Taiwanese, there were some very important pieces of legislation passed.

One that caught our attention is the National Liquified Petroleum Gas Project Bill. It's a public private partnership, a state-protected monopoly which will supply all the LPG - or what we call butane to Belize. It's a major shift from the Mexican supplier which owns all the major butane companies.

Now, the issue of butane affects almost every household, so it's being looked at very closely - from the shareholders of the company - called National Gas Company - to the 15 year term of the license, to the rate of return.

PUP Deputy Leader Cordel Hyde says he distrusts monopolies:

Hon. Cordel Hyde, PUP, Lake Independence
"I think essentially what they are doing with this bill is establishing a monopoly and as captive a market as there is, eighty-three percent of all households use butane. It's as essential as water, as toilet paper, as pack bread. I see there is some guarantee of a rate of return to the investors. I would have wanted to see a guarantee in terms of a commitment to the people that the cost of butane would be less. I don't see that in this."

Rt. Hon. Dean Barrow, Prime Minister
"Madam Speaker, this is a Gilly Canton, Marion Usher, and a steller roster of PUPs who have chartered this project and who have come to us for support. I dont know about a UDP, so I think you need to be careful in terms of how you try to throw stones. You talk about it's being a monopoly, it will have the monopoly in terms of the importation, but how is that not better than the current situation where there is an oligopoly and where basically it is one Mexican common denominator that owns all the principal retailers or certainly the wholesalers. So we are in hoc to a Mexican concern. This will ensure that it is a Belizean concern, a public private company that will have the exclusive in terms of the importation. We, the government, whichever government will be on the board to ensure that in fact it is brought in in a way that will see that what is happening to us now where the Mexicans all get together and basically, it's one common ownership you know, whether dehn name Z, whether dehn name BWEL, whatever, and they hold us to ransom. They come and they say this is the price you will allow us to charge, otherwise we wahn stop importing the gas. So this, if it does nothing else takes us out of that stranglehold that these foreigners have, on not just government, on the people of this country. And absolutely, with this National Gas Company, you will see a lowering of prices to the consumer. I repeat if you want to get political it is controlled by principals, huge personalities of the People's United Party, we have looked well pass color, because we think it is in the national interest, in the interest of the consumer."

Shareholders of the company include Marion Usher's company, M & M Limited, Gilly Canton, Bowen and Bowen, Ga Roe and Sons Limited and BEDCO Limited which is owned by the Bedrans out of Cayo. They are all minority shareholders and the largest shareholder is a mystery company from the US called BWT holdings LLP.

Channel 7


Re: A New LPG Monopoly to Replace An Oligopoly? [Re: Marty] #537871
08/21/19 06:17 AM
08/21/19 06:17 AM
Joined: Oct 1999
Posts: 70,279
oregon, spr
Marty Offline OP

.
Marty  Offline OP

Business Bureau Chides National Gas Company as Worst Idea this Decade

The passage of a new piece of legislation which paves the way for the formation of the National Gas Company, via a public/private partnership to regularize the liquid petroleum gas industry, is being met with skepticism and concern in certain corners of the business community.  Earlier today, the Belize Business Bureau, a productive sector organization, issued a press release criticizing the Barrow administration for establishing what essentially becomes another monopoly company.  Decried as the worst idea over the past ten years, the National Liquefied Petroleum Gas Project Bill seeks to establish, operate and transfer an LPG terminal, as well as related facilities, for the proper streamlining of cost, supply and pricing of butane.  While the proposed law which was read through on Friday sets out to put the butane industry on a normal footing, the bureau describes the move as regressive, places a monopoly tax on the poor, increases inequality, creates job losses and further unemployment, promotes social insecurity and will end up being inefficient and wasteful.  The bureau release goes on to say, (Quote) “the minister has direct control of who gets a license.  This policy is a seed bed for corrupt practices.” (Unquote)  In his explanation during Friday’s house meeting, Prime Minister Barrow iterated that government will have the say-so where the sector is concerned.

Prime Minister Dean Barrow

“We will have the authority, Madam Speaker, because this is the company that will, as I said, have the exclusive right to bring in the LPG although those that want to distribute will be able to purchase from the company and distribute.  But we control what’s happening with pricing because we don’t have to listen, as the situation now is, to those who say, “Well we don’t care what you say.  Whatever reference point you go to this is what we say we pay for it, this is what we have to charge to get our markup and you will give us what we want, otherwise we will cut off the supply of LPG to the country.”  It is that sort of thing that this bill is supposed to fix and I repeat, in the main, if you want to get political, it is controlled by principals, huge personalities of the People’s United Party.  We have looked well past color because we think it is in the national interest, in the interest of the consumer.”

Principals in the National Gas Company include Doctor Gilbert Canton, former Chief Executive Officer of Belize Natural Energy Limited; Michael Bowen, President of Bowen & Bowen Limited; and Marion Usher, son of late credit union founder Jane Usher, among several others.

Channel 5



Links
Portofino Resort- Now with a new BEACH BAR!!
Click for excellent scuba lessons with Elbert Greer!
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
Maruba Beach Klub and Spa is the premiere Secret Beach spa and restaurant located on the crystal blue waters of the Caribbean Sea at the center of Secret Beach, Belize
First Class Accommodations for the Budget Traveler
First Class Accommodations for the Budget Traveler

Things to do

News
Daily News
Daily Weather

Classified Ads
BelizeNews.com
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Amandala
ReefTV
Love FM
The Reporter
PLUS TV
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites

Event Guides
Event Calendar
Specials & Events
Things to Do
SanPedroScoop
iTravel Belize
Paradise Theater
San Pedro Fun Finder
Paradise Guy Event Calendar
Cayo Event Calendar

Blogs
San Pedro Scoop!
Tia Chocolate
Tacogirl
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Belize Happy Adventures
Conch Creative
Caribbean Culture & Lifestyle
More Blogs...
Search thousands of Belizean-only websites
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We manage a variety of homes, apartments, condos and commercial properties here on Ambergris Caye. Our minimum lease on ALL properties is six months.
Click for Ian Anderson's Caves Branch, Welcome to a World of Adventure
Lil Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
November
S M T W T F S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30
Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
ShoutChat Box
Who's Online Now
0 registered members (), 332 guests, and 0 spiders.
Key: Admin, Global Mod, Mod
Forum Statistics
Forums44
Topics72,802
Posts484,677
Members19,739
Most Online2,982
Jan 29th, 2019



AmbergrisCaye.com CayeCaulker.org HELP! Visitor Center Goods & Services San Pedro Town
BelizeSearch.com Message Board Lodging Diving Fishing Things to Do History
BelizeNews.com Maps Phonebook Belize Business Directory
BelizeCards.com Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.

Powered by UBB.threads™ PHP Forum Software 7.7.1