PORT OF SPAIN, Trinidad – Prime Minister Dr. Keith Rowley is heading a two-member delegation to the Netherlands on Friday for talks with Shell’s oil and energy company, according to an official statement.
It said that on Thursday, Rowley, accompanied by Energy and Energy Industries Minister Stuart Young, held talks with BP’s chief executive officer, Bernard Looney, at the energy company’s global headquarters in London.
“BP updated Dr. Rowley on their plans for future gas production, including sanctioning new projects. The discussions also touched on the progress of the Atlantic LNG restructuring negotiations, which are expected to be finalized soon.
“Both parties reiterated their commitment to working together to ensure the future of Trinidad and Tobago’s energy sector,” the statement said.
It said Prime Minister Rowley used the opportunity to reinforce with BP that future platforms and other infrastructure fabrication should be done in Trinidad and Tobago. At the same time, Looney reiterated that Trinidad and Tobago remained an essential asset in BP’s global operations and assured that the BP team would continue working assiduously with the Government regarding several initiatives benefit both Trinidad and Tobago and BP.
Earlier this week, The Trinidad and Tobago Government Govermente Swiss-based energy company, Proman, reiterated a commitment to invest an estimated US$1.1 billion over the next ten years for significant plant maintenance turnarounds in the Caribbean country.
Proman describes itself as one of the world’s largest methanol producers and a leading fertilizer producer globally, with operations and assets worldwide.
The statement said that Trinidad and Tobago is a crucial center of Proman’s operations, with 14 petrochemical plants owned and operated here and 1,100 employees accounting for 67 percent of its global headcount.
“During the meeting, the energy company reiterated its commitment to Trinidad and Tobago, highlighting its planned investment of US$1.1 billion over the next ten years for significant plant maintenance turnarounds at Point Lisas.
“This investment will fund work on safety, reliability, and greenhouse gas reduction initiatives. The company will also work with the Government Governmente on other energy transition initiatives and opportunities.” the statement said.
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