Though still far below 2013 levels, the country’s largest natural gas producer more than doubled its contribution to the Government coffers last year to US$360.5 million from US$148.7 million the year before, London-listed BP plc’s Payment to Governments declaration showed last week.

The news comes after BP drilled a dry (gas-target) well last month, and amid Prime Minister Dr Keith Rowley’s Netherlands and London visits on which he announced enhanced revenue packages for T&T from the Atlantic liquefied natural gas (LNG) plant. The payment BP made to T&T for the year 2018 was nothing compared to what other countries received: Azerbaijan US$8 billion, United Arab Emirates US$3.4 billion, and Angola US$3 billion.

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BP said in its 2019 Outlook: “The increase in LNG exports is led by North America, followed by the Middle East, Africa and Russia. As the LNG market matures, the US and Qatar emerge as the main centres of LNG exports, accounting for around 40 per cent of all LNG exports by 2040.”


AHEAD of Bernard Mitchell’s three-year contract as the chief executive of National Petroleum Marketing Company Ltd (NP) coming to an end, some 488 employees have put their signatures to a letter to Energy Minister Franklin Khan asking that his contract be renewed.

FINANCE Minister Colm Imbert says T&T has received a “favourable” rating from the US credit rating agency Fitch Ratings.

Increases in food prices have been minimal under the People’s National Movement (PNM), with prices going down for certain items in contrast to the large increases under the Kamla Persad-Bissessar administration.

SAGICOR Financial Corporation is paying nothing to CLICO and British American Trinidad to acquire their tradition insurance portfolios, worth over $8 billion, as the regional insurance company is acquiring insurance liabilities that have a greater value that the total investment assets that are to be transferred to Sagicor.

CLICO has not made a current, formal offer to sell its Methanol Holdings International Ltd (MHIL) shares to the methanol producer’s minority shareholder, Consolidated Energy Ltd.