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Wednesday, September 17 2014 @ 11:36 PM AST

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Moody's expects Bahamas to begin recovery this year

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Trinidad & Tobago's Energy Ministry disappointed in gas curtailments issue handling

Trinidad and Tobago's Ministry Of Energy and Energy Affairs (MEEA) notes with deep concern the statements made in Parliament during his Budget Debate yesterday (September 15 2014) with respect to the Point Lisas Energy Association (PLEA).

As such the MEEA wishes to state the following:

1) In the period 2008 to 2010 there was an acute collapse in investment in the upstream energy sector which has created the issues that are manifesting themselves today.

2) In the aftermath of the BP Macando Oil Spill in the Gulf of Mexico in April 2010, BP took the decision to carry out required maintenance at all of its local facilities resulting in the subsequent shutdown of platforms for maintenance.

3) BG has also undertaken an aggressive maintenance programme of its facilities in Trinidad and Tobago both in the North and East Coasts. This includes critical maintenance work on its platforms as well as preparatory work for the connection of the Starfish field.

During the periods that the upstream companies were engaged in maintenance there would have been a shortfall in gas supply to the NGC which in turn would have affected the supply to its downstream clients. It should be noted that neither the MEEA nor the NGC are producers of natural gas.

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Traffic expected on Saturday night on Uriah Butler Highway