PM
Manning: "Venezuela's gas not coming
soon" to Trinidad and Tobago
Patrick
Manning, Prime Minister of Trinidad & Tobago
By Elio Ohep
Petroleumworld Trinidad & Tobago
Port Spain
Petroleumworld.com 08 18 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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