Energy

Young: New agreements with Bp, Shell to "significantly enhance revenues of T&T"

Minister in the Office of the Prime Minister Stuart Young has announced that the government has reached an agreement with Bp and Shell that he says will bring "significant" financial benefits to Trinidad and Tobago.

The agreement involves new pricing arrangements, the extension of the Atlantic LNG Train 1 by a further five years, and the ability of the National Gas Company (NGC) to export liquified natural gas (LNG) on behalf of T&T.

The minister made the announcements as he addressed today's post-Cabinet media conference.

Espinet: I didn't recommend Petrotrin be closed

Petrotrin chair­man Wil­fred Es­pinet says while he told Gov­ern­ment of­fi­cials that the re­fin­ery would like­ly not be prof­itable in a meet­ing in Jan­u­ary, he nev­er ad­vised Gov­ern­ment to close down Petrotrin.

Es­pinet made the com­ment yes­ter­day dur­ing cross-ex­am­i­na­tion by Oil­fields’ Work­ers’ Trade Union at­tor­ney Dou­glas Mendes SC, as the union’s in­dus­tri­al re­la­tions of­fence com­plaint against Petrotrin con­tin­ued.

Opposition Leader talks to Guyana private sector on energy

Op­po­si­tion Leader Kam­la Per­sad-Bisses­sar will speak to the Guyanese pri­vate sec­tor on lessons Trinidad and To­ba­go has learned on man­ag­ing oil and gas rev­enues when she at­tends a func­tion in Guyana to­mor­row.

Per­sad-Bisses­sar will give the pre­sen­ta­tion as the fea­tured speak­er at the 23rd Awards Pre­sen­ta­tion and Din­ner host­ed by the Guyana Man­u­fac­tur­ing & Ser­vices As­so­ci­a­tion’s (GM­SA) at the Pe­ga­sus Ho­tel, George­town.

Khan: Fuel cover for 20 days after Petrotrin refinery closes

Up­on the clo­sure of Petrotrin’s re­fin­ery next month, there will be a 20-day sup­ply of fu­el from stock “to start with,” En­er­gy Min­is­ter Franklin Khan has as­sured the trav­el­ling pub­lic.

“Trust me - I want to give the coun­try the as­sur­ance there will be a smooth tran­si­tion from re­fin­ery fu­el to im­port­ed fu­el,” Khan added in Par­lia­ment yes­ter­day in re­ply to Op­po­si­tion con­cerns over the fu­el sup­ply af­ter the re­fin­ery’s clo­sure.

Energy Chamber welcomes TT-Guyana energy signing

The Energy Chamber of Trinidad and Tobago says it warmly welcomes the signing of the Memorandum of Understanding between the governments of Guyana and Trinidad and Tobago and congratulates both governments on this positive step towards strengthening regional economic and social integration.

The MOU recognizes that the development of the energy sector contributes significantly to the strengthening of economic and social development while improving the quality of life of the citizens of both countries.

Hundreds of barrels of catalyst now being stored inside Petrotrin compound

Energy Minister Franklyn Khan says there is nothing sinister about the secretive storage of hundreds of barrels of catalysts inside Petrotrin's compound, which are needed to start up petrochemical processing units in the Pointe-a-Pierre refinery.

Photographs of the catalysts were obtained exclusively by the T&T Guardian and were stored under an unoccupied, overgrown, multi-story structure inside the Petrotrin compound at Pointe-a-Pierre. 

PM meets with Chairman of Royal Dutch Shell

Prime Minister Dr Keith Rowley received a courtesy call from Chairman of Royal Dutch Shell, Charles O. Holliday today at the Diplomatic Centre, St. Anns.

Minister of Energy and Energy Industries, Franklin Khan and Minister of National Security, Minister of Communications and Minister in the Office of the Prime Minister, Stuart Young were also at the meeting.

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