Young: More gas coming

Young also boasted that through negotiation, Government had settled without any cost to this country some $250 million worth of claims made against the National Gas Company (NGC) by downstream firms over the curtailment of gas-supply. He said he and Rowley met BP, Shell, Exxon and EOG executives in Houston and “The rounds of discussion were very fruitful for TT.” BP will launch its Angelin field in 2019 and its gas supply is expected to take up the slack when BP’s Juniper Field supply starts to taper off, he said.

Young said he and Rowley told BP they want jobs for local workers in the Angelin field, and that any “extra” gas found – presumably outside of contracted quantities - should be supplied to this country’s downstream sub-sector, not to the liquefied natural gas (LNG) sub-sector. BP has agreed on both counts.

He said BP’s seismic results look “very positive”.

As the firm is poised to invest up to US$6 billion locally, Young said BP appreciated re-building their relationship with this country.

Regarding Shell, Young pointed to seismic results as indicating a “very, very positive outlook for the continuation and the building of the gas industry.” There were discussions about the cross-border Loran/Manatee field, plus a gas-supply from Venezuela’s Dragon Field which he said is proceeding very positively.

He said Exxon is a 45 percent partner in the recent Guyana oil find, for which this country hopes to sign an MOU with Guyana to lend its expertise.

Saying Exxon is very interested in a deep water harbour in Trinidad, Young said company