Home' Trinidad and Tobago Guardian : June 19th 2014 Contents JUNE 2014 • WEEK THREE www.guardian.co.tt BUSINESS GUARDIAN
NEWS | BG7
The Ministry of Energy and Ener-
gy Affairs has put together an
evaluation committee chaired
by its chief technical officer
Richard Jeremy to select a con-
sultant to develop the country s gas master
Well-placed sources have confirmed to the
Business Guardian that the several bids were
received before the June 5 deadline and that
the committee has so far not met because
Jeremy is out of the country.
Energy Minister Kevin Ramnarine has
promised that by next year, T&T will have a
new master plan for the natural gas sector.
Ramnarine told delegates at the T&T Energy
Conference in February that "expressions of
interest" had already been received from com-
panies for the new plan, which will cover the
"This master plan will complement the
national energy policy, a draft version of which
will be put out for public comment shortly.
The new national gas master plan will be in
our hands before the Minister of Finance reads
the 2015 national budget," Ramnarine said.
He also said within the next two years, the
National Gas Company (NGC) will lose two
of its largest supply contracts in British Gas
and BP as well as the exploration of the Train
I contract for 2018.
The master plan comes at a challenging
time for the country s downstream energy
sector with a tight natural gas situation and
complaints from those downstream that they
are not getting enough gas for their opera-
The Ministry of Energy s statistics reveal
that for the first four months of 2014, there
were average daily swings in natural gas pro-
duction on a month by month basis by as
much as 400 million standard cubic feet per
day. In January 2014, for example, the pro-
duction of natural gas averaged a mere 4,006
mmcf/d which was curtailed due to BPTT s
decision to take its Savontte well offline.
The company at the time explained that,
"Although the period of intensified mainte-
nance activity has ended, in line with regular
business activity, there are, from time to time,
normal operating activities that may have
short-term impact on production, such as rig
moves, heavy lifts or delays on the drilling
programme. We strive, as far as possible, to
work with all stakeholders, including the Gov-
ernment, and downstream, to co-ordinate
these activities to mitigate impact on their
In February and March, natural gas pro-
duction increased significantly to 4,397
mmcf/d and 4,361 on account of a
400mmcf/d increase in production from
bpTT. That increase in gas production would
not last, however, and in April, natural gas
production plummeted to its lowest produc-
tion for 2014 to bellow the 4,000 mmcf/d
average production levels to 3,973 mmcf/d.
This fall in production was on account of at
20 per cent decline in production from BG
T&T while BP s production again declined
by 150 mmcf/d.
According to the ministry s statistics in
April, BG T&T s production was down to 797
mmcf/d from 1,006 mmcf/d and over 1,000
mmcf/d for the first three months of 2014.
Meanwhile, bpTT s production was down
from 2,329 mmcf/d to 2,168mmcf/d.
BHP Billiton, EOG and Petrotrin have been
able to generally keep their production stable,
according to the figures.
Energy Consultant Helena Inniss-King said
the company selected to produce the plan
will have to consider a strategy that includes
further natural gas expansion. Inniss-King,
who was the director of resource management
at the Ministry of Energy, remains of the
view that the tight gas situation is temporary
and the country has more than sufficient
She said, "There needs to be a strategy
because the present tight gas situation will
not last. There are gas deposits that have not
been developed because there is no market
for the gas. I am speaking of Centrica in the
NCMA. There is also the Loran/Manatee gas,
the Coquina/Mannakin, the possible gas dis-
coveries based on the BP OBC seismic in the
shallow marine area and possible gas in the
Inniss-King, a geologist, said there is a
need to promote more downstream projects
even though she admitted that thus far, there
has been little success. In fact, for the last
six years, no new downstream project has
got off the ground.
"We have not been able to go downstream
in a big way, even though we have been advo-
cating this for a long time. How do we incen-
In its first quarter report, the global
Methanex noted there were gas curtailment
that negatively impacted the company s per-
formance in Trinidad.
Industry sources told the Business Guardian
the ebbs and flows in the supply was neg-
atively impacting the equipment and causing
more maintenance work than normal.
Committee to pick consultant
to develop gas master plan
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