PNM in Gov't (2020-2025)

[zoom rader]

@Zoombindranath
you not talking about the companies that you were speaking up to that point.
No sweat
Carry on,my bad.

We taking about businesses that have left due to the hostile environment created by your red government king Rowlair and Guy Smiley

[sMASH]

it was a case of 'u owe my ah $10, but i hadda pay the parlour ah $10, so handle the parlour it for meh instead' .


and the e&p end up coming up a lil snake eyes. was it due to lack of funding, or lack of oil in the ground..... what evs, roget think he getting the refinery so the election done in the bag. dummies.

[Habit7]

Pt Lisas?

Gas curtailment started under Rowley? You need to link your comments to facts, not your bias.

Rowlair had 5 years plus this year.

What has he been doing ?

Getting it done

https://www.offshore-energy.biz/bp-to-i ... -10-years/
https://www.looptt.com/content/shell-in ... rgy-sector
https://energynow.tt/blog/bhp-approves- ... on-in-2021
https://newsday.co.tt/2020/02/07/pm-tel ... d-by-2025/

[zoom rader]

Pt Lisas?

Gas curtailment started under Rowley? You need to link your comments to facts, not your bias.

Rowlair had 5 years plus this year.

What has he been doing ?

Getting it done

https://www.offshore-energy.biz/bp-to-i ... -10-years/
https://www.looptt.com/content/shell-in ... rgy-sector
https://energynow.tt/blog/bhp-approves- ... on-in-2021
https://newsday.co.tt/2020/02/07/pm-tel ... d-by-2025/

Wow all those articles and plants shut down in Pt lisas. Petrotrin refinery gone.

Skilled workforce all gone and unemployed

Yup Rowlair got it done

Try harder idiot

[Habit7]

Wow all those articles and plants shut down in Pt lisas.

Yes because going back to the initial comment

Pt Lisas?

Gas curtailment started under Rowley? You need to link your comments to facts, not your bias.

[zoom rader]

Wow all those articles and plants shut down in Pt lisas.

Yes because going back to the initial comment

Pt Lisas?

Gas curtailment started under Rowley? You need to link your comments to facts, not your bias.

Rowlair had 5 years to fix it and he failed.

[Redman]

it was a case of 'u owe my ah $10, but i hadda pay the parlour ah $10, so handle the parlour it for meh instead' .


and the e&p end up coming up a lil snake eyes. was it due to lack of funding, or lack of oil in the ground..... what evs, roget think he getting the refinery so the election done in the bag. dummies.

they should be running it making parlour decisions....


Heritage inherited whatever the E&P was.
There was a need to reinvest into the producing assets
What sense is it for Heritage to pay the GORTT and then comeback to seek financing to re invest?
So for the first couple years they are not required to pay the tax....and they have been doing what they need to.
The SPT holiday is fully legal despite idiotic statements to the contrary.

A simple way to get the co producing more oil.

Finally as well we seeing upgrades to the contractual terms that the block operators work under.
First time.

[Redman]

I thought 5 years is too little time to fix stuff???
You said so Zoombindranath you said the 5 years UNC had with 100 oil and everything in their favor wasnt enough time to do anything.
Now you saying you expected Rowley to do it in 5 years.
You saying that Rowley betterer than the UNC.

[zoom rader]

I thought 5 years is too little time to fix stuff???
You said so Zoombindranath you said the 5 years UNC had with 100 oil and everything in their favor wasnt enough time to do anything.
Now you saying you expected Rowley to do it in 5 years.
You saying that Rowley betterer than the UNC.

Kams had 5 years while the red government had 45 years , Rowlair had more than enough time

[sMASH]

hence why i say 'what evs'. it had was to go back in any how. so u have no record of it coming out of TPHL, cause u put on the record, it will stay inside.

so if it actually went from the right hand to the left hand to ACTUALLY explore and produce, thats between them and their books.
i jess watching all the wheeling and dealing and wondering if u could attach a generator and make some electricity one time.

[Redman]

This back pedalling getting smooth with you boy.
Same tootz eh.
It just flowing smoother.

[sMASH]

from petrotrin come up the road, is overs after overs with strike outs.
berger, unilever, tringen1, titan, a couple meoh and amonia plants here and there. train 1 that supposed to stay down, but rowley talk bout injecting the 300m from NGC to have it red and ready for no gas till 2025... tentative.

[Habit7]

Between you and ZR, the attempts at false narratives not going very far with those who are informed. Plus, I see your concern for NGC's $300m being reinvested back into the energy sector as if $14b wasn't spent on hardly anything to do with the energy sector.

8 energy firms lost $10b in last 4 years
Dec 12, 2014



From 2010 to 2014, eight energy companies based in the Point Lisas Industrial Estate suffered combined losses of US$1,639,694,699.20 (or roughly TT$10 billion) because of irregular natural gas supply.

In turn, the National Gas Company (NGC) lost US$653.3 million (about $4.1 billion) in revenues, the Government lost US$217.4 million (about TT$1.3 billion) in corporation tax and US$1.4 million (TT$8.82 million) for the Green Fund.

On August 25, the Point Lisas Energy Association (PLEA) of CEOs which comprises Ian Welch, managing director of PCS Nitrogen and chairman of PLEA, Jerome Dookie— the chief executive of Caribbean Nitrogen Company, Dennis Patrick—the chief executive of Methanol Holdings Ltd, Roberto Mantellini- president of Point Lisas Nitrogen Ltd, Robert Bellisle- managing director and chief executive of Arcelor Mittal Point Lisas Ltd, Charles Percy-the chief executive and managing director of Methanex Trinidad Ltd, Jay Henderson— managing director of Nu-Iron Trinidad and Tobago and Richard de La Bastide— president of Yara Ltd, penned a three-page letter about the gas supply curtailments to Energy Minister Kevin Ramnarine.

The chief executives said despite their plea in 2011 that the matter be addressed, they were "severely affected by frequent curtailment in the supply of natural gas to our various plants".

PLEA noted that they had tried to collaborate with other stakeholders in an effort to come up with solutions to the problem.
"PLEA even facilitated and paid for consultants to work with the Group you agreed to form to look at the shortfall issue. Sadly, to date, little progress has been made. Indeed, despite these efforts, and notwithstanding numerous assurances to the contrary, the gas curtailments continue unabated and have been worse than forecast and appear to have no end in sight.
"As a result of this situation, our respective companies, and by extension, the Government and the people of Trinidad and Tobago, continue to lose significant revenue daily," the letter stated.

"This does not include the other indirect losses and expenses such as the damage caused to our equipment by constantly having to cycle the plants to respond to broad fluctuations in supply, and the impact that this has had on the equipment's ability to continue to produce safely at design capacity. Nor does it capture the full trickle-down effect on and the opportunity cost to the nation. Additional indirect effects include the increased risk of accidents and environmental mishaps and the development of a reputation as an unreliable supplier of petrochemical products.

"Honourable Minister, the image that is being painted of Trinidad and Tobago is a place where the gas is either running out or the supply has been overcommitted. The longer this image is allowed to persist, the less attractive the country will be as a venue for foreign direct investment. Numerous investors have passed up the opportunity of investing in Trinidad and chosen to invest in other countries where the supply of gas is more readily available and consistent. We fear that unless the situation is soon brought under control and the confidence in the availability of gas to be supplied to our plants is restored, we may soon witness the permanent closure and migration of plants from Trinidad and the collapse of the Point Lisas model," the letter observed.

They said the situation required "immediate and definitive handling" and called for critical measures, which they identified as:
1. Concrete action items within a timeline to restore a reliable, stable contract gas supply to PLEA in the shortest time
2. Appropriate planning and communication of items in 1 above
3. Short, medium and long-term outlook of gas supply so the proper planning can be affected. (It is understood that this can only be made possible with accurate forecasts of well-depletion rates superimposed by new production capacity)
4. An understanding of the new gas-consuming projects that have been announced and progressing. What is the plan for the supply of gas to these projects given that the gas shortages being experienced by existing consumers have not been addressed
5. Reinstate the Reserve Gas/Gas Behind-Pipe to mitigate unplanned upstream outages that will significantly reduce curtailments in Point Lisas."

PLEA said while they appreciated Ramnarine's efforts, "given the severity of the problem and the very dire consequences with which we-and the country as a whole-are faced, we consider it our duty to escalate the matter and strongly recommend that immediate action be taken to reverse this worsening and prolonged situation".

"Please be assured of the ongoing cooperation of our companies towards sustainable solutions and improvement in the economy of Trinidad and Tobago," the letter ended with the signatures of all eight chief executives.

That letter had followed a letter penned by PLEA on October 3, 2011 which had also called on Ramnarine to address the gas situation because of mounting losses by the plants.

That letter observed: "In implementing these curtailments, the NGC also continues to claim the protection of force majeure clauses in our contracts. There is dissimilarity between the contracts in this regard. While the clauses provide the NGC with a shield in genuine cases of events beyond its control (subject to the limitations set out in the contracts), the expectations are that the NGC must take every reasonable step to limit the force majeure event and its consequences. Furthermore, contractually, the NGC is obligated to meet with us to discuss the consequences of the force majeure event, and the intended remedial actions to be implemented. This simply has not occurred. Indeed, the NGC routinely gets notification of shut-downs from its suppliers, and then passes these over to us forcing us to reduce production rates."

PLEA had made some recommendations then to Ramnarine. They were:
1. Gas users contracting directly with gas producers- If as gas users, we are, as a matter of policy, free to contract directly with producers, the local gas supply market will become a more transparent and competitive one which will be conducive to the settlement of more attractive terms and, address all the issues of supply that impact or have the potential to impact our productivity.
2. Re-ordering of priority for gas supply— the current status of gas supply priority, gives the LNG producers the highest priority of supply after electricity generation in instances of gas curtailment. We believe that it is time to re-order the gas supply priority so that except for electricity generation, all gas users share curtailments pro rata. In current markets, not only are we losing out but government revenue suffer as well, when it should be benefitting from high commodity prices.
3. Provision of a buffer gas supply- the NGC's gas suppliers have the available capacity and infrastructure to provide the NGC with an adequate quantity of stand-by or buffer gas which can be used in circumstances where the regular supply is curtailed for unforeseen disruptions. This would of course necessitate a negotiation of terms between the NGC and its able suppliers.
4. Trading among gas users- Given the volatility of the petrochemical markets in which we operate, we propose, in the instances of gas supply restrictions, that we be allowed to enter into commercial arrangements among ourselves, which would allow us the flexibility to determine the rate at which we should each operate, while at the same time complying with the NGC's request to reduce overall production rates. This would ensure that if market conditions are good for one of us, then the opportunity arises for negotiation, which would allow a user to benefit as much as possible in the prevailing market.
5. Re-pressing of old Petrotrin wells- As a means of providing additional gas storage, we suggest that the old Petrotrin wells can be reconditioned and re-pressured to be used for underground storage which we can tap into as needed.
6. More equitable sharing of the burden. Given the premier position enjoyed by the NGC in our gas sector, we believe it is important for us to have a more equitable sharing of the burden, as well as the benefit. Specifically, in each of our gas contracts, we agree to a take or pay clause. We believe that consideration must be given to the development of a deliver or pay formula whereby if the NGC fails to deliver to its customers, it will accept a reasonable portion of the financial fall-out. This type of policy will create an incentive- based culture, which promotes efficiency and accountability from which our country will ultimately benefit.

Contacted yesterday to comment on the letter, Ramnarine maintained the stance he'd taken in an interview with the Sunday Express two weeks ago, that the problem won't be set right until 2017.
"There is a gap between what could be supplied and what is the total demand. And that gap is probably five to ten per cent," he had said.

"I am going to be honest with you, that situation will not go away for the next two and a half years. Where we will get relief is in the year 2017 when the Juniper (a bpTT gas field) comes on."
Last week BG's Starfish field came into production.

"That's good news. It helps. It's a bit late. It had a slippage in schedule because of rough seas but it is going to come on in stages. They will bring in the first well next week, by January they will bring in the second well and by March they will bring on the third well. It will add 220 million standard cubic feet of gas (mmcf/d). That is not going to alleviate the problem, it's going to help but it won't make it go away. We are in this supply-demand situation for the next two and a half years," he had said.

https://trinidadexpress.com/news/local/ ... 1eea6.html

[Redman]

from petrotrin come up the road, is overs after overs with strike outs.
berger, unilever, tringen1, titan, a couple meoh and amonia plants here and there. train 1 that supposed to stay down, but rowley talk bout injecting the 300m from NGC to have it red and ready for no gas till 2025... tentative.

Unitization. It's clear the advantages are worth it.
They've said so in multiple places that have been linked in this thread.
BP and Shell have vocalized their commitments via money and press.

[De Dragon]

from petrotrin come up the road, is overs after overs with strike outs.
berger, unilever, tringen1, titan, a couple meoh and amonia plants here and there. train 1 that supposed to stay down, but rowley talk bout injecting the 300m from NGC to have it red and ready for no gas till 2025... tentative.

Unitization. It's clear the advantages are worth it.
They've said so in multiple places that have been linked in this thread.
BP and Shell have vocalized their commitments via money and press.

Unitization when you don't control the raw material, and never will?
No one said curtailments started under the LFD RFD PNM, however JUHN Scarfy and Goebbels' "negotiations" added a hefty price increase to the curtailments, and that was when plants actually started closing.
For men who like to talk about bring facts, you two conveniently leave out a lot

[De Dragon]

just beat ups and goalpost changes...

Rather than acknowledge that you were wrong about Dr Rowley "giving away a plant to an ex LFD RFD PNM lobbyist" you act like if anybody disputed he was a lobbyist. UNC wanted to liquidate the plant as scrap metal and thank God, it could have been the biggest flag-waving PNM, who cares, he fought the PP govt and bought it for much more than what we would have got for scrap. This was long before Dr Keith Rowley was PM. Now it is giving jobs, bringing forex and going to reduce the sulphur in our diesel... but the undying UNC in you must find something negative to say.

And the next one, "no account for where the money was spent or where it went" shows him an account of the minister accounting where the profit was spent...

goalpost change!

if anything, this is entertaining.

Because I refuse to not acknowledge the shady and corrupt history of this plant like you doesn't mean I don't care for the brethren who left their jobs in Pt Lisas to go work in a plant that constructing for 11 years now. Your wish for people to heap praise on JUHN Scarfy for the mess they made and were able tosave a little face still doesn't negate that we already lost BILLIONS on this project. That is neither UNC or LFD RFD PNM, those are facts.

[Redman]

Unitization when you are now on equal footing with the other shareholders who are the 2 entities who supply ALNG.

So one no longer need to control the supply because our interest are aligned with the other shareholders.

English.
Simple.

You seem not to understand a whole lot.

[Habit7]

from petrotrin come up the road, is overs after overs with strike outs.
berger, unilever, tringen1, titan, a couple meoh and amonia plants here and there. train 1 that supposed to stay down, but rowley talk bout injecting the 300m from NGC to have it red and ready for no gas till 2025... tentative.

Unitization. It's clear the advantages are worth it.
They've said so in multiple places that have been linked in this thread.
BP and Shell have vocalized their commitments via money and press.

Unitization when you don't control the raw material, and never will?
No one said curtailments started under the LFD RFD PNM, however JUHN Scarfy and Goebbels' "negotiations" added a hefty price increase to the curtailments, and that was when plants actually started closing.
For men who like to talk about bring facts, you two conveniently leave out a lot

I know nobody said gas curtailment, too hard too spell. The other members of your shared brain blamed Dr Rowley on the decline in Pt Lisas, when it started under UNC.

Kinda like when you erroneously claimed PNM gave away the GTL plant when it was UNC who agreed to the terms.

Normal for you all.

MHTL sounded the alarm in 2014 about gas curtailment https://www.guardian.co.tt/article-6.2. ... c189ba5a9e and eventually closed 2 plants in 2017 https://www.icis.com/explore/resources/ ... on-by-25-/

[zoom rader]

from petrotrin come up the road, is overs after overs with strike outs.
berger, unilever, tringen1, titan, a couple meoh and amonia plants here and there. train 1 that supposed to stay down, but rowley talk bout injecting the 300m from NGC to have it red and ready for no gas till 2025... tentative.

Unitization. It's clear the advantages are worth it.
They've said so in multiple places that have been linked in this thread.
BP and Shell have vocalized their commitments via money and press.

Unitization when you don't control the raw material, and never will?
No one said curtailments started under the LFD RFD PNM, however JUHN Scarfy and Goebbels' "negotiations" added a hefty price increase to the curtailments, and that was when plants actually started closing.
For men who like to talk about bring facts, you two conveniently leave out a lot

I know nobody said gas curtailment, too hard too spell. The other members of your shared brain blamed Dr Rowley on the decline in Pt Lisas, when it started under UNC.

Kinda like when you erroneously claimed PNM gave away the GTL plant when it was UNC who agreed to the terms.

Normal for you all.

MHTL sounded the alarm in 2014 about gas curtailment https://www.guardian.co.tt/article-6.2. ... c189ba5a9e and eventually closed 2 plants in 2017 https://www.icis.com/explore/resources/ ... on-by-25-/

Everything started under kams UNC in one term since 1956 .

That the red government mantra

[Habit7]

just beat ups and goalpost changes...

Rather than acknowledge that you were wrong about Dr Rowley "giving away a plant to an ex LFD RFD PNM lobbyist" you act like if anybody disputed he was a lobbyist. UNC wanted to liquidate the plant as scrap metal and thank God, it could have been the biggest flag-waving PNM, who cares, he fought the PP govt and bought it for much more than what we would have got for scrap. This was long before Dr Keith Rowley was PM. Now it is giving jobs, bringing forex and going to reduce the sulphur in our diesel... but the undying UNC in you must find something negative to say.

And the next one, "no account for where the money was spent or where it went" shows him an account of the minister accounting where the profit was spent...

goalpost change!

if anything, this is entertaining.

Because I refuse to not acknowledge the shady and corrupt history of this plant like you doesn't mean I don't care for the brethren who left their jobs in Pt Lisas to go work in a plant that constructing for 11 years now. Your wish for people to heap praise on JUHN Scarfy for the mess they made and were able tosave a little face still doesn't negate that we already lost BILLIONS on this project. That is neither UNC or LFD RFD PNM, those are facts.

Unwilling to admit your first error, how is Rowley responsible for the GTL plant when he was fired from the Cabinet in 2008?

[sMASH]

and those said curtailments, is what kevin ramnarine had signed up in 2014 to sort out, the projects came on stream in 2017 to give imburt a lil bligh, whn u check the debt to gdp graphs u see it start to rise up there.

should have given kams a next 5 years, u woulda get ting to post

[sMASH]

Between you and ZR, the attempts at false narratives not going very far with those who are informed. Plus, I see your concern for NGC's $300m being reinvested back into the energy sector as if $14b wasn't spent on hardly anything to do with the energy sector.

8 energy firms lost $10b in last 4 years
Dec 12, 2014



From 2010 to 2014, eight energy companies based in the Point Lisas Industrial Estate suffered combined losses of US$1,639,694,699.20 (or roughly TT$10 billion) because of irregular natural gas supply.

In turn, the National Gas Company (NGC) lost US$653.3 million (about $4.1 billion) in revenues, the Government lost US$217.4 million (about TT$1.3 billion) in corporation tax and US$1.4 million (TT$8.82 million) for the Green Fund.

On August 25, the Point Lisas Energy Association (PLEA) of CEOs which comprises Ian Welch, managing director of PCS Nitrogen and chairman of PLEA, Jerome Dookie— the chief executive of Caribbean Nitrogen Company, Dennis Patrick—the chief executive of Methanol Holdings Ltd, Roberto Mantellini- president of Point Lisas Nitrogen Ltd, Robert Bellisle- managing director and chief executive of Arcelor Mittal Point Lisas Ltd, Charles Percy-the chief executive and managing director of Methanex Trinidad Ltd, Jay Henderson— managing director of Nu-Iron Trinidad and Tobago and Richard de La Bastide— president of Yara Ltd, penned a three-page letter about the gas supply curtailments to Energy Minister Kevin Ramnarine.

The chief executives said despite their plea in 2011 that the matter be addressed, they were "severely affected by frequent curtailment in the supply of natural gas to our various plants".

PLEA noted that they had tried to collaborate with other stakeholders in an effort to come up with solutions to the problem.
"PLEA even facilitated and paid for consultants to work with the Group you agreed to form to look at the shortfall issue. Sadly, to date, little progress has been made. Indeed, despite these efforts, and notwithstanding numerous assurances to the contrary, the gas curtailments continue unabated and have been worse than forecast and appear to have no end in sight.
"As a result of this situation, our respective companies, and by extension, the Government and the people of Trinidad and Tobago, continue to lose significant revenue daily," the letter stated.

"This does not include the other indirect losses and expenses such as the damage caused to our equipment by constantly having to cycle the plants to respond to broad fluctuations in supply, and the impact that this has had on the equipment's ability to continue to produce safely at design capacity. Nor does it capture the full trickle-down effect on and the opportunity cost to the nation. Additional indirect effects include the increased risk of accidents and environmental mishaps and the development of a reputation as an unreliable supplier of petrochemical products.

"Honourable Minister, the image that is being painted of Trinidad and Tobago is a place where the gas is either running out or the supply has been overcommitted. The longer this image is allowed to persist, the less attractive the country will be as a venue for foreign direct investment. Numerous investors have passed up the opportunity of investing in Trinidad and chosen to invest in other countries where the supply of gas is more readily available and consistent. We fear that unless the situation is soon brought under control and the confidence in the availability of gas to be supplied to our plants is restored, we may soon witness the permanent closure and migration of plants from Trinidad and the collapse of the Point Lisas model," the letter observed.

They said the situation required "immediate and definitive handling" and called for critical measures, which they identified as:
1. Concrete action items within a timeline to restore a reliable, stable contract gas supply to PLEA in the shortest time
2. Appropriate planning and communication of items in 1 above
3. Short, medium and long-term outlook of gas supply so the proper planning can be affected. (It is understood that this can only be made possible with accurate forecasts of well-depletion rates superimposed by new production capacity)
4. An understanding of the new gas-consuming projects that have been announced and progressing. What is the plan for the supply of gas to these projects given that the gas shortages being experienced by existing consumers have not been addressed
5. Reinstate the Reserve Gas/Gas Behind-Pipe to mitigate unplanned upstream outages that will significantly reduce curtailments in Point Lisas."

PLEA said while they appreciated Ramnarine's efforts, "given the severity of the problem and the very dire consequences with which we-and the country as a whole-are faced, we consider it our duty to escalate the matter and strongly recommend that immediate action be taken to reverse this worsening and prolonged situation".

"Please be assured of the ongoing cooperation of our companies towards sustainable solutions and improvement in the economy of Trinidad and Tobago," the letter ended with the signatures of all eight chief executives.

That letter had followed a letter penned by PLEA on October 3, 2011 which had also called on Ramnarine to address the gas situation because of mounting losses by the plants.

That letter observed: "In implementing these curtailments, the NGC also continues to claim the protection of force majeure clauses in our contracts. There is dissimilarity between the contracts in this regard. While the clauses provide the NGC with a shield in genuine cases of events beyond its control (subject to the limitations set out in the contracts), the expectations are that the NGC must take every reasonable step to limit the force majeure event and its consequences. Furthermore, contractually, the NGC is obligated to meet with us to discuss the consequences of the force majeure event, and the intended remedial actions to be implemented. This simply has not occurred. Indeed, the NGC routinely gets notification of shut-downs from its suppliers, and then passes these over to us forcing us to reduce production rates."

PLEA had made some recommendations then to Ramnarine. They were:
1. Gas users contracting directly with gas producers- If as gas users, we are, as a matter of policy, free to contract directly with producers, the local gas supply market will become a more transparent and competitive one which will be conducive to the settlement of more attractive terms and, address all the issues of supply that impact or have the potential to impact our productivity.
2. Re-ordering of priority for gas supply— the current status of gas supply priority, gives the LNG producers the highest priority of supply after electricity generation in instances of gas curtailment. We believe that it is time to re-order the gas supply priority so that except for electricity generation, all gas users share curtailments pro rata. In current markets, not only are we losing out but government revenue suffer as well, when it should be benefitting from high commodity prices.
3. Provision of a buffer gas supply- the NGC's gas suppliers have the available capacity and infrastructure to provide the NGC with an adequate quantity of stand-by or buffer gas which can be used in circumstances where the regular supply is curtailed for unforeseen disruptions. This would of course necessitate a negotiation of terms between the NGC and its able suppliers.
4. Trading among gas users- Given the volatility of the petrochemical markets in which we operate, we propose, in the instances of gas supply restrictions, that we be allowed to enter into commercial arrangements among ourselves, which would allow us the flexibility to determine the rate at which we should each operate, while at the same time complying with the NGC's request to reduce overall production rates. This would ensure that if market conditions are good for one of us, then the opportunity arises for negotiation, which would allow a user to benefit as much as possible in the prevailing market.
5. Re-pressing of old Petrotrin wells- As a means of providing additional gas storage, we suggest that the old Petrotrin wells can be reconditioned and re-pressured to be used for underground storage which we can tap into as needed.
6. More equitable sharing of the burden. Given the premier position enjoyed by the NGC in our gas sector, we believe it is important for us to have a more equitable sharing of the burden, as well as the benefit. Specifically, in each of our gas contracts, we agree to a take or pay clause. We believe that consideration must be given to the development of a deliver or pay formula whereby if the NGC fails to deliver to its customers, it will accept a reasonable portion of the financial fall-out. This type of policy will create an incentive- based culture, which promotes efficiency and accountability from which our country will ultimately benefit.

Contacted yesterday to comment on the letter, Ramnarine maintained the stance he'd taken in an interview with the Sunday Express two weeks ago, that the problem won't be set right until 2017.
"There is a gap between what could be supplied and what is the total demand. And that gap is probably five to ten per cent," he had said.

"I am going to be honest with you, that situation will not go away for the next two and a half years. Where we will get relief is in the year 2017 when the Juniper (a bpTT gas field) comes on."
Last week BG's Starfish field came into production.

"That's good news. It helps. It's a bit late. It had a slippage in schedule because of rough seas but it is going to come on in stages. They will bring in the first well next week, by January they will bring in the second well and by March they will bring on the third well. It will add 220 million standard cubic feet of gas (mmcf/d). That is not going to alleviate the problem, it's going to help but it won't make it go away. We are in this supply-demand situation for the next two and a half years," he had said.

https://trinidadexpress.com/news/local/ ... 1eea6.html

hoss, we was in the trenches those days. 2010 2011, curtailments were like once or twice a month if so much. after 2015, it was three times a shift some times. one time, the people them just started to take down the plant and got the call not to go tru, they agree for a one month supply

hoss it was absolute rubbish to be working those plants coming down to the last. u get to learn it well cause u keep carrying it up and down and up and down like a rollercoaster. and the kinds of blow outs u got, it wasnt nice, or cheap.


the lump that into one 10yr stretch, it was way different from the start to the finish. by 2017 i out the system, but from what i gathered, the cycling ease up, wasnt as frequent or extreme as it used to be.

thank u k. ramnarine. (in my deliesingh voice)


ey, nobody eh wish pnm congratulations on the pt fortain hospital?

[sMASH]

PNM leff foot: borrow one setta money with the govt as collateral
PNM rite foot: excuse all that debt as the workers fault.

roget: dumb enough to think he was part of the clan. no son, u not part of that $3.4bn heist.

[matr1x]

PNM leff foot: borrow one setta money with the govt as collateral
PNM rite foot: excuse all that debt as the workers fault.

roget: dumb enough to think he was part of the clan. so son, u not part of that $3.4bn heist.

You forgot
Pnm anus: out cones Habit7 and randolphin to talk sheit

[zoom rader]

PNM leff foot: borrow one setta money with the govt as collateral
PNM rite foot: excuse all that debt as the workers fault.

roget: dumb enough to think he was part of the clan. no son, u not part of that $3.4bn heist.

Nah then turn around and say its Kams 5 years to blame

[Redman]

You in the trenches but don't accept that NGC has to work with the price increases from BG and BP?

NGC cannot sell gas at a loss ...you saying give Kamla another shot...on the back of the 14B rape of NGC.....yet now expect NGC to forgo it's main source of revenue to keep some plants in PT Lisas open.

You mean Ramnarine in all his wisdom didn't know plants coming off contract at the same time NGC has to renegotiate with it's suppliers?

You mean the Ramnarine didn't know about the transfer pricing ???

2010-2015 the spread between henry Hub and the other regional benchmarks was the widest ever...$10 usd per mmbtu....(2x Henry Hub)...yet Ramnarine did NATTIN.
Ramnarine remained silent while suppliers got 2-3x what we got for our gas.

Thank you Kevin indeed.

So while you were in the trenches...your party was asleep at the wheel.
This govt had to act and they are acting...certainly not perfect but they working with what they have.

[Habit7]

PNM leff foot: borrow one setta money with the govt as collateral
PNM rite foot: excuse all that debt as the workers fault.

roget: dumb enough to think he was part of the clan. so son, u not part of that $3.4bn heist.

You forgot
Pnm anus: out cones Habit7 and randolphin to talk sheit

Out cones?

[timelapse]

Yeah because the PNM sheits ice cream for allyuh

PNM leff foot: borrow one setta money with the govt as collateral
PNM rite foot: excuse all that debt as the workers fault.

roget: dumb enough to think he was part of the clan. so son, u not part of that $3.4bn heist.

You forgot
Pnm anus: out cones Habit7 and randolphin to talk sheit

Out cones?

[sMASH]

if pnm did scrutinize the wgtl plant project like how they scrutinize spelling errors, we might not be where we are now.

[Habit7]

Well if PNM was there, the GTL plant would have been finished and owned by the state with all the profits to the state. But the UNC in shear politics tried to sell it off as scrap only for a private entity to stop them and make them sell it undervalued since they admitted that it was scrap worthy.

Good job.