Driver: Gas shortfall could affect growth

The fate of T&T’s con­tin­ued eco­nom­ic growth could be par­tial­ly hinged on the suc­cess of BPTT and At­lantic find­ing a so­lu­tion to the short­fall in gas sup­ply that is pro­ject­ed in 2020/2021, as fail­ure could hurt the coun­try’s rev­enue stream.

Asked about the worst-case sce­nario fol­low­ing BPTT’s re­cent dis­ap­point­ing drilling at two in­fill wells yes­ter­day, En­er­gy Cham­ber CEO Dr Thack­wray Dri­ver told Guardian Me­dia that it could lead to At­lantic’s Train 1 be­ing moth­balled.

PM: T&T's gas production increasing

Prime Minister Dr Keith Rowley has said that this country's gas production is on the rise and that the government is hoping that with some new initiatives production will continue to steadily increase. 

Dr Rowley, who was speaking at the opening of the Energy Conference on Monday, said new production is expected to be brought on stream, which will bring this country's production level to 3.9 billion cubic feet in 2019. 

Uncertainty over T&T-Venezuela gas deal following sanctions

Minister in the Office of the Prime Minister Stuart Young has said that the government does not know as yet if the US sanctions on Venezuela's state-owned oil company PDVSA would affected the gas deal between Venezuela and Trinidad and Tobago.

"We are seeking advice to determine how they may affect the deal," Young said in response to a question by Opposition Leader in the Senate, Wade Mark.

He said it was premature at this time to say what, if any, effects it may have.

Khan: Regular gas stock will last until December

This coun­try has stocks of Reg­u­lar gaso­line to last un­til the end of this month and in­to De­cem­ber.

But the Gov­ern­ment is still cur­rent­ly ex­am­in­ing ways to de­ter­mine how best this type of fu­el can be im­port­ed in the small quan­ti­ties be­ing de­mand­ed, En­er­gy Min­is­ter Franklin Khan said yes­ter­day.

Speak­ing to mem­bers of the me­dia at the Gas Ex­port­ing Coun­tries Fo­rum (GECF) at the Hy­att Re­gency, Port-of-Spain, how­ev­er, Khan rub­bished the no­tion that T&T is ex­pe­ri­enc­ing a “fu­el sit­u­a­tion.”

Drivers rush for cheaper gas

Feel­ing the pinch from the in­creased cost of Su­per gaso­line, scores of mo­torists are flock­ing to the Carousel Ser­vice Sta­tion in San Fer­nan­do to fill their tanks with Reg­u­lar gaso­line, com­mon­ly sold as fu­el for fish­ing boats.

Reg­u­lar gas, which has an 87 Re­search Oc­tane Num­ber (RON), is a low­er grade than Su­per gaso­line (92 RON) and Pre­mi­um gaso­line (95 RON).

Not many mo­torists fill­ing their tanks seem to be con­cerned with the oc­tane lev­els of the fu­el but rather the dras­tic price dif­ference.

NGC CNG to sponsor conversion of 1,000 taxis/maxis to CNG

The NGC CNG Company says it will sponsor the conversion of 1,000 taxis and maxi taxis from gasoline to CNG from January 2019.

In a statement issued Monday, the company said this promotion follows a highly successful, fully-subscribed tranche of conversions in June and July 2018, where 500 taxi and 180 maxi taxi owners were offered sponsored conversions on a first-come, first-served basis.

Successful applicants are currently being converted by government-approved licensed converters.