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.

“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.


In many cultures, time is not regarded as something successive, but as a circular phenomenon. Although the conventional European concept of history is sequential—that time is linear, just one thing after another until you die—subconsciously we know it is not. It is circular. “What goes round, comes round,” the old people used to say from wry experience.

REPUBLIC Financial Holdings Ltd (RFHL) ended its 2019 financial year with a profit of $1.58 billion, an increase of $258.3 million or 19.5 per cent over the previous year.

The Housing Development Corporation (HDC) has ramped up efforts to reduce customer delinquency. The HDC announced that it has partnered with bill payment service, SurePay, to give customers an additional option to make their monthly payments.

A FINE drizzle falls over cocoa fields sheltered by ancient-looking immortelle and cedar trees on either side of the narrow, broken La Peyrouse pitch road between Gordon Village and Salvador in the misty Montserrat Hills.