BP group chief economist Spencer Dale

‘market getting tougher’: BP group chief economist Spencer Dale delivers his presentation of the bp Statistical Review of World Energy 2019 at Hyatt Regency, Port of Spain, yesterday. 

BP Group chief economist Spencer Dale believes Trinidad and Tobago is “at the moment” a competitive producer of natural gas.

However, he says keeping gas production levels up while at the same time maintaining competitive prices will be a “difficult challenge” going forward.

“I think the issue associated with T&T going forward is clearly you have big declines in terms of your natural gas. Can you carry on producing the new gas at that same competitive price?” he asked.

He however noted that maintaining gas production levels and competitive prices were not impossible objectives.

Get caught up with news from the news leader
Subscribe now and get access to the Trinidad Express E-paper

“That’s not saying you can’t do it. I’m just saying this market is getting tougher as it’s getting more integrated and more competitive. That’s a good thing, but it means you have to be lean to stay competitive,” he said.


OPPOSITION MP Dr Roodal Moonilal says the way in which Arlene Chow, interim chief executive officer at Heritage Petroleum Company Ltd, was hired is suspicious and could be illegal.

THE Trinidad and Tobago Manufacturers Association (TTMA) is, from today, starting a relief drive to aid the Bahamas, which has been battered by Hurricane Dorian.

“Local contractors and consultants who compete with foreign companies should be provided with the same or equivalent benefits as enjoyed by those foreign companies and should be protected from unfair competition through matters such as soft loans.”

ECONOMIC downturn in the Trinidad and Tobago (T&T) market since 2014 and 2015 is driving the agenda of Nestle in the Caribbean region, says the global food giant’s head of market in the Anglo Dutch Caribbean, Patricio Torres.

A working paper, published last month on the Central Bank’s website, looks at the possibility that Public-Private Partnerships could be a means by which T&T can finance infrastructural development in a challenging economic environment.