Home' Trinidad and Tobago Guardian : November 12th 2013 Contents A21
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STOCKHOLM---The number of smart-
phones is forecast to triple to 5.6 bil-
lion globally by 2019, accounting for
more than 60 per cent of cellphones.
Sweden s Ericsson AB, the world s
largest maker of telecommunications
networks, said in a report yesterday it
expects smartphone traffic to grow
tenfold in the next six years, with
service providers increasing high-
speed networks to deal with the surge.
Total mobile subscriptions are pre-
dicted to reach 9.3 billion by 2019.
Ericsson says annual smartphone
traffic would hit 10 billion gigabytes
by 2019, with videos representing
some 50 per cent of all data traffic.
Social networking and web services
would account for ten per cent each.
It said smartphones currently make
up some 55 per cent of all cellphones
sold but represent only 25-30 per cent
of all mobile subscriptions. (AP)
Smartphones expected to triple to 5.6 billion by 2019
Planning Minister Dr Bhoe Tewarie yes-
terday said Venezuela s Petrocaribe initiative,
which supplied oil to some countries in the
region at discounted prices, was unlikely to
Speaking in his capacity as acting Minister
of Energy and Energy Affairs at the launch of
Caricom Energy Week yesterday at the Hyatt,
he said: "The Venezuelan PetroCaribe Initiative
provided a partial and temporary solution for
this but this solution is unlikely to be sus-
"The issue of subsidised prices has been
raised but in today s world, with every country
having its own challenges and the global system
in a state of uncertainty, that is not really fea-
PetroCaribe is an alliance of mainly
Caribbean and Central American countries
with Venezuela to purchase crude oil at dis-
counted and deferred prices. The payment
system allows for purchase of oil on market
value for five per cent to 50 per cent up front
with a grace period of one to two years; the
remainder can be paid through a 17-25 year
financing agreement with one per cent interest
if oil prices are above US$40 per barrel. Petro-
caribe member countries are Antigua and Bar-
buda, Bahamas, Belize, Cuba, Dominica,
Grenada, Guatemala, Guyana, Haiti, Honduras,
Jamaica, Nicaragua, Dominican Republic, S.
Kitts and Nevis, Saint Vincent and the
Grenadines, Saint Lucia, Suriname and
Tewarie said one possible solution to high
oil prices for small Caribbean islands was
international financing options offered to pur-
chase natural gas from T&T.
"But the practicality of this is that a mutually
satisfactory solution will have been found in
the short to medium term for all countries,
and given this new comfort level, alternative
energy solutions can be vigorously pursued
thereafter," he said.
He told the Caribbean delegates about T&T s
plan to make liquified natural gas (LNG) for
buses a priority, and reiterated promises made
by some of his Cabinet colleagues about con-
structing an LNG gas station on the Priority
"The DiMethyl Ether (DME) solution, pos-
sible in about five years if all goes according
to plan with the Mitsubishi project, will also
create a relatively low cost, clean energy solu-
tion for the region," he said.
In April, the Mitsubishi Corporation of Japan
signed a project development agreement with
Neal & Massy and the government of T&T to
construct a US$850 million plant in La Brea
to convert natural gas into DME and methanol.
DME is mixed with diesel in some parts of
Europe and China to bring the price of that
"Solar, wind, geothermal and even wave
energy needs to be pursued on a collaborative
basis throughout the Caribbean," Tewarie said.
"This collaboration should include researchers
from the region but also researchers from out-
side. Geographically much of the sun is ours.
The wind is ours. The ocean surrounds us.
"Any geothermal resources that we can tap
are ours. We offer the world an opportunity
to be part of Caribbean sustainability solutions.
And whatever is learnt, discovered or created
here will be transferable to other parts of the
world, so we will not only create collaboratively
with others in the world but we will contribute
beneficially to others in the world."
Planning Minister: Petrocaribe
not likely to be sustainable
Minister of Planning and Sustainable Development Dr Bhoendradatt Tewarie, right, acting
Minister of Environment and Water Resources Ramona Ramdial, centre, and programme
manager of the Energy Caricom Secretariat Joseph Williams at the formal launch of Caricom
Energy Week 2013 at the Hyatt Regency yesterday. PHOTO: SHIRLEY BAHADUR.
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