Minister: T&T losing US$billions to multinational energy companies

Energy Minister Franklin Khan says this country is losing billions of US dollars from multinational energy companies and he says his government will be dealing with that.

He made the comments during the 'Spoltight on Energy' conference that is currently ongoing at the Hyatt.

Minister Khan says it's the government's sovereign right to get a fair economic rent on behalf of the people of T&T.

He compared the taxes paid by one energy company in this country to what it pays in another country.

Minister Khan says while government is struggling with its financial position, upstream companies are making record high profits.

He spoke about arrangements with Atlantic LNG and the billions the government loses.


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