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There is enough gas to meet projects until 2028, said Leroy Mayers, permanent secretary, Ministry of Energy. “Recently, we did an evaluation of our gas resources and we were quite comfortable that we have enough gas resources to meet projects that we have agreed on. “We have allocated gas for projects and we also have existing projects. We have 11 ammonia plants and we have seven methanol plants and we have determined that there is enough gas to meet these projects as far as 2028.

“We have enough gas based on the existing reserves to meet existing projects and planned projects. This is what we have determined based on exploration and other activities. Then again there are other activities to come that would show up our gas reserves.” He said this yesterday in reply to questions from the Joint Select Committee on the 2000 to 2001 annual report for Ministry of Energy in Parliament. Helena Iniss-King, director, resource management, Ministry of Energy, said by the end of the month, the Ministry of Energy will be launching the next competitive bid round. “Seven blocks will be offered and this will be gas blocks mainly. We’ve looked at the capital demand of the future and we decided that it will be expedient to offer, at this point in time, blocks that are more perspective for gas. “Work from these blocks should begin some time in 2011 because the close off bid round is in August, and we traditionally give companies a wide time to gear up to start the exploration.

“So within a year to 15 months after signing contracts, we should have acquired all the exploration tools before they come to drilling wells,” she said. Iniss-King said proved gas reserves for T&T stand at 15.37 trillion cubic feet (tcf), while probable gas reserves are at 8.45 tcf and possible gas reserves stand at 6.39 tcf. She said total gas reserves stand at 30.11 tcf.