Home' Trinidad and Tobago Guardian : January 26th 2017 Contents JANUARY 26 • 2017 guardian.co.tt BUSINESS GUARDIAN
NEWS | BG5
future looks bright
With an estimated 580
tion in the T&T En-
ergy Conference 2017
was down from some
previous years when
the country's premier energy conference at-
tracted over 600 participants.
But the organisers, the Energy Chamber,
expressed delight that all of the booths at the
conference were sold out. The conference,
which took place at the Hyatt Regency hotel in
Port-of-Spain this week, attracted participants
from the US, the United Kingdom, Barbados,
Guyana, Suriname, Venezuela, China, the
Falklands Island and the Dominican Republic.
Noticeably absent from the exhibition was
the Petrotrin booth even though acting Minis-
ter Colm Imbert declared that the state-owned
entity was well-poised to increase T&T's en-
Awards were distributed to three entities,
the University of T&T, Non Destructive Testers
Ltd (NDTL) and TSTT. UTT walked away with
the award for, "Best Energy Efficiency or Green
House Gas Emission Reduction Project." NDTL
walked away with the award for "Best Social
Investment Project, Small and Medium Enter-
prises" and TSTT walked away with the award
for "Best Social Investment Project, large."
Not daunted by the low oil prices and the
decline in T&T's economy, exhibitors said the
future is still bright for the energy sector.
T&T Energy Conference 2017's round-up
Tobago Gas Distributors
First time exhibitor, Larry Osgood, chief technical
officer, said he was impressed with volume of people
participating and exhibiting at the T&T Energy Con-
ference. He added that there were many people who
made inquiries at his booth about the product.
"We're a partner for Amtrol-Alfa company which
is the largest cylinder manufacturer in the world from
Portugal and they make these tanks for us and we move
them to the Caribbean for marketing."
Asked what type of customers would use the cooking
gas tanks that he is offering to this market, he said an-
yone who use a gas tank for cooking can use the tanks.
Osgood said the (gas) tanks he is proposing to bring
into the T&T market holds the same amount of gas as
the one which are already here.
"The composite cylinder is about 34 pounds when
filled and the red steel cylinder (the gas cylinders which
are already in this market) is 45 pounds full."
At present, he said, T&T National Petroleum Mar-
keting Ltd or NP is currently doing an evaluation on
whether it is practical to introduce this tank to the T&T
The company's T&T operations are located in Cove
Eco-Industrial and Business Park in Tobago, which is
an industrial park set aside for environmental projects.
The company started operations in October 2016.
Hotel's general manager Delia Olton-Laing
said expatriates often stay at the hotel when
they come to T&T. She added that the majority
of its guests are foreigners who come to T&T to
work in the Labidco, Point Lisas Industrial Es-
tate and other companies in the energy sector.
"We rely a lot on energy expats. We are seeing
a slight decline (in expats staying at the ho-
tel), but we (the hotel) have been consistent.
There are a few hotels in South and most of the
hotels tend to be busy because we have such a
small market; small availability of hotels that
some of the energy businesses use what they
have available to them. We are one of the hotel
providers of hotel rooms for San Fernando."
Not satisfied that destination T&T is mar-
keted enough, she said in San Fernando there
is "not much to offer in reference to tourism
and even if there is something to offer like the
Pitch Lake, the Government does not promote
it enough, especially the hotels."
She said the energy conference is a good
place to market the Tradewinds Hotel since
there are a lot of people, including visitors to
T&T, participating in the conference.
Known by the acronym, ABB, this
company is a service provider to the
energy sector. Carlos Mencia, sales
engineer, said given his goal of getting
customers for the company's electrical
equipment he has seen continuous in-
Mencia added that there is always a
demand for maintenance of equipment
even though there is decline in the energy
sector. The trends he has noticed are that
customers are delaying buying either a
part or conducting a service and instead
are only buying the immediate parts or
conducting the immediate service they
"For me there is still business because
the plant needs to run. Right now it (re-
quests/inquiries) is still going however
you did see a drop in request for certain
services, like day-to-day business that
they can hold off on.
"We are realising that people are de-
laying maintenance etc. to the next year
or year after, however, critical compo-
nents they are still buying."
Riza Khan, vice president of the
equipment inspection company,
said the T&T Energy Conference was
surprisingly well attended given low
oil prices and a declining economy.
Khan, who has been an exhibitor for
the last four years, observed that there
has been a decline by 30 per cent in
delegates attending the event.
When it comes to the trade show,
however, he said there has been con-
Commenting on the declines in the
energy sector, he said as far as he is
aware leaders in energy companies
have experienced a 40 per cent de-
cline in revenue.
"Typically for us in the inspection
services sector there has been a drop
by about 20 to 30 per cent. I feel op-
timistic in these times and for the
" Juniper has been launched and
BHP has some good prospects as well,
so I think things are going to improve.
I continue to hope for the best."
Tobago Gas Distributors:
CEO, Hugh Swaby, left,
chief technical officer,
Larry Osgood and
executive chairman, Amin
Gustave during Monday's
T&T Energy Conference &
Tradeshow 2017 held at
Hyatt Regency hotel,
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