Very usefull links


News links




Dow Jones

Oil price



Views and News





TT Energy Ministry staff gets memo on gas data



By Rosemarie Sant

Petroleumworld 05 03 2018

Energy Minister Franklin Khan has sent out a memo to staff instructing that no data be shared with rating or multilateral agencies without the approval of the Minister or Permanent Secretary.

All such information must be routed through the Minister and the Ministry of Finance.

Responding to questions from Opposition Senator Wade Mark yesterday, Khan again accepted responsibility for inaccurate data given to Standard and Poors and the International Monetary Fund (IMF) about gas production. He said the inaccurate data resulted in a change in the country's outlook from stable to negative.

Asked whether the rating could have been different had the correct data been provided, Khan said: “I cannot speak on behalf of the rating agency, it is their call. It may or may not have had the outcome of moving the outlook from stable to negative.”

He added: “I think if they had access to the new gas production forecast I would want to propose it may have had a positive effect on the outlook.”

On Sunday, Finance Minister Colm Imbert said the inaccurate estimates of gas production given by the Ministry of Energy to the IMF earlier this year bore no relationship to actual production figures. As a result, the IMF's projections of economic growth for T&T were lower.

Khan said the forecast “inadvertently provided” to S&P and the IMF was outdated and not the revised data which showed “new positive trends in gas production.” He said gas production in January was 3.9 billion cubic feet s day, the highest in three and a half years and Juniper is now producing at full capacity which is 450 million cubic feet a day.

The Shell and Starfish redevelopment will come on stream later this year, and bpTT Angellin's first production is expected in the fourth quarter of this year.

Hit your target - Advertise with Us

Story by Rosemarie Sant from Trinidad & Tobago Guardian
05 03 2018

We invite all our readers to share with us
their views and comments about this article.
Write to

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to:

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

November 13 - 15, 2018.

Gubkin University, Moscow
SPE Student Chapter












Editor & Publisher:Elio Ohep/
Contact Email:

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.