gas

Unipet shutdown affects thousands

Thou­sands of dri­vers were af­fect­ed yes­ter­day as Unipet’s 21 ser­vice sta­tions across the coun­try re­mained closed when deal­ers sought to send a mes­sage to the Gov­ern­ment that the prof­its they were mak­ing were way too low for them to con­sid­er stay­ing in busi­ness.

The clo­sure of the sta­tions led to pres­sure on the 100-plus NP ser­vice sta­tions that re­mained open as work­ers at those sta­tions found them­selves flood­ed with more ve­hi­cles than they usu­al­ly catered for daily.

Challenges to UNIPET fuel supply network today

Chief Executive Officer of UNIPET, Dexter Riley, says their fuel supply network may be affected today, to some extent.

Mr Riley told us UNIPET is having a challenge with their supplies for today and for much of this week, and that consumers can expect one or two hiccups purchasing gas.

The UNIPET CEO did not confirm whether petroleum dealers will meet today with industry regulators. However, sources indicate such a meeting is scheduled to take place at some point, today.

Russian gas giant could use T&T's LNG trains - Bloomberg report

An article carried by Manhattan-based financial news service, Bloomberg, is suggesting that Russian state-controlled gas giant Rosneft PJSC could seek to develop close ties with Trinidad and Tobago, to produce gas from two gas fields given to it by Venezuela.

The article suggests that Trinidad and Tobago's LNG trains in Point Fortin could be used to develop the gas for export.

An accord signed by both Russia and Venezuela earlier this month will give Rosneft tax breaks to produce and export gas from the Patao and Mejillones fields off Venezuela’s east coast.

Venezuela gives Russia control of new gas deposits near T&T

A report carried by a pan-Latin American news organisation, Panam Post, is stating that Venezuelan president Nicolas Maduro has given Russia two gas deposits near to Trinidad and Tobago.

The report says that Maduro offered up 100% of the project and all gas rights exploited.

The article says this is further evidence that Russian president Vladimir Putin is challenging the US government in the region, and reinforcing his plans to stay in the South American country.

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.

Rowley: Oil and gas opportunities for Toco region

The north­east re­gion of Trinidad has the po­ten­tial to be­come a gas and oil in­dus­try sim­i­lar to Point Ga­le­o­ta and Guayagua­yare which can pro­vide a bet­ter qual­i­ty of life for cit­i­zens who live be­low the eco­nom­ic pyra­mid.

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.

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