gas

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.

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.”

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