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PM Manning: "Venezuela's gas not coming soon" to Trinidad and Tobago
TG
Patrick Manning, Prime Minister of Trinidad & Tobago
By Elio Ohep
Petroleumworld
Port Spain
Petroleumworld.com 08 15 07
We must plan our energy future without Venezuela's gas said The Trinidad & Tobago Prime Minister Patrick Manning said on Tuesday at the Government energy conference at the Port Spain Hilton."Venezuela's gas is not coming soon" Mannig said.
Despite Trinidad's Government advances on creating opportunities for the downstream projects, the PM said is not counting on Venezuela gas for them. Manning said that he feels that Venezuela is not quit clear on what the next course of action is to develop the gas border fields.Manning was the main speaker and participant in a two-day conference being hosted by the Government at the Port Spain Monday and Tuesday
Manning also expressed mix opinion about create a super energy company and he said he want to explore more ideas on the subject.
“First of all, it comes in the midst of several major initiatives already being pursued by the Government of T&T, to re-focus the petroleum industry, and provide for growth and development within the energy sector,” said Prime Minister Patrick Manning at the opening of the event Monday.
“The aim of the Government of T&T through this conference, is to arrive at a broad consensus about energy policy direction for our country through the involvement of all our key stakeholders, Manning said.
“The Government is very clear that by itself, attraction of foreign investment cannot produce adequate amounts of energy security, environmental quality and economic development. The Government’s energy policy is now focused on the important tasks of improving and broadening our access to competitive markets and being a facilitator that will drive the further development of the T&T energy sector,” he added.
The other CEO's of major TT players Petrotrin, and BPTT, said they confident Trinidad and Tobago future despite of a recent oil and gas reserve study and said that they will be investing a total of US$6.2 billion in the energy sector over the next five to six years.
The top executives of both companies made the announcement yesterday as Prime Minister Patrick Manning called on the country to "have some faith" with regard to the vital energy sector.
A audit by the consultant firm Ryder Scott which found that Trinidad and Tobago only has 12 years of gas reserves left based on existing and projected production rates.
- Elio Ohep, editor@petroleumworld.com, 58 412 996 3730, Caracas.
Petroleumworld 08 14 07
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