Business

Energy minister: Dragon will dance

Trinidad and Tobago is likely to develop all of the 10 trillion cubic feet of natural gas in the Loran and Manatee gas fields, according to Energy Minister Franklyn Khan.

Speaking at the Hyatt Regency on Tuesday, on the second day of the Energy Chamber's 2020 Energy Conference, Khan said while the agreement is to independently develop the Manatee and Loran fields, it was logical to assume that once first gas comes to T&T, then the Venezuelans also are likely to allow the resources in Loran to be produced here, as well.

Darbasie: Securities market compliance systems working

The Group CEO of First Citizens Bank, Karen Darbasie has indicated that compliance systems in the securities market in T&T are functioning effectively.

This comes after reports that Subhas Ramkhelawan and his company, Bourse Securities, agreed to pay $1.3 million to the T&T Securities and Exchange Commission (TTSEC) for its contravening role in the First Citizens Initial Public Offering (IPO).

In an interview with Darbasie, the bank CEO told Guardian Media that she thinks the notice is ”an indication that the regulation of the markets is working”.

US sanctions force T&T and Venezuela to tear up gas agreement

Prime Minister Dr Keith Rowley has announced that Trinidad and Tobago and Venezuela have rescinded their agreement to jointly exploit 10 trillion cubic feet of natural gas in the Loran Manatee field and would instead develop it independently.

Rowley said the continued US sanctions on the Bolivarian Republic had made it all but impossible to jointly develop the gas and as a result, the two countries will go independently.

PLIPDECO responds to rumours about dead bodies on vessel

The  Point  Lisas  Industrial  Port  Development  Corporation  (PLIPDECO) has responded to rumours of three dead, Chinese crew members on-board a ship docked at the Port of Point Lisas, describing them as untrue.

The rumours have been circulating via a viral WhatsApp message.

The Trinidad and Tobago Police Service (TTPS), also has issued a statement, debunking the claims.

In an official statement, PLIPDECO reports on the various measures it has undertaken since the spread of the coronavirus nCoV-2019.

No health scare at Point Lisas Port

Rumours that three Chinese crew members on-board a ship docked at the Port of Point Lisas are dead, have been dispelled.

The false information stemmed from a WhatsApp message that went viral on Thursday relating to the global epidemic, the Coronavirus nCov-2019.

The message read:

Methanex accepts two month gas extension

Methanol Holdings has accepted a two month extension of their natural gas contract with the National Gas Company (NGC), as the parties try to avoid the shutting down of the Titan methanol plant and the sending home of scores of workers.

The announcement was made yesterday by Methanex CEO, John Floren, who said the company continues to work towards a long term gas contract.

In an investor conference call, Floren revealed:

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