Trinidad and Tobago launches gas institute

Aug 27, 2006 02:00 AM

The growth and development of the energy sector is a key factor in sustaining a high standard of living in Trinidad and Tobago, Dr Lenny Saith, the Minister of Energy and Energy Industries and Public Administration and Information said. Saith was speaking at the launch of the Natural Gas Institute of the Americas at the University of Trinidad and Tobago, Brechin Castle, Couva. He said the Government was “particularly pleased” about the successful development of the country’s hydrocarbon resources.
He said: “This is critical to creating sustainable economic growth and ensuring a high standard of living for the citizenry.”

Trinidad and Tobago stands as a leading producer of LNG and is the largest supplier to the United States. This country also holds the chair of the Gas Exporting Countries Forum -- 15 of the world’s most influential natural gas-producing and exporting countries.
“The pivotal role played by Trinidad and Tobago in this forum for the 2005/2006 term, allowed our country to participate in the global energy arena at the level of the strategy formulation and on the conduct of technical studies which ultimately guides the future development of the global gas industry,” Saith said.

Saith said the Government had expressed interest in the development of seven valued-added energy-related projects representing more than $ 8 bn in direct investment. These include two aluminium smelters, a polypropylene complex, an iron and steel complex, melamine and UAN complexes and a maleic anhydride plant.
Saith said the entry of new industries into Trinidad and Tobago meant the introduction of innovative technologies and expertise to the domestic landscape. He said it was within this context that the Natural Gas Institute of the Americas assumed greatest significance as it provided the platform for a quantum leap from simply being end-users of energy technology to “the elite realm of inventors and innovators.”

Saith said Trinidad and Tobago’s proposed first Gas to Liquids Plant proposed for Pointe-a-Pierre, will be a joint venture agreement between World GTL and Petrotrin costing an estimated $ 101 mm.
Saith said that the project was currently awaiting a CEC Clearance from the Environmental Management Authority to begin construction. He said that the project would be a 2,200 bpd plant using 18.4 mm cmpd of natural gas, producing mainly diesel and naphtha.

Source: Trinidad Guardian
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