BP’s current production in Trinidad and Tobago, the progress of its current projects, future gas production and continued investments in Trinidad and Tobago were discussed during a virtual meeting, Minister of Energy and Energy Industries, Stuart Young, had with BP Executives, Dev Sanyal, EVP, gas and low carbon energy and Senior Vice President Claire Fitzpatrick today.
In a media release Tuesday afternoon, the Energy Ministry said the parties also discussed the restructuring of Atlantic LNG and the importance of the ongoing negotiations pertaining to Atlantic.
The release said BP reaffirmed its commitment to the solar project that it is pursuing as a joint venture with Shell, as well as its commitment to gas production in Trinidad and Tobago.
Mr. Sanyal said even as BP navigates the energy transition, “gas is an essential and integral part of the transition and will be the stabilizing influence for decades to come”.
Minister Young emphasized the Government’s commitment to ensure Trinidad and Tobago remains competitive in the global energy environment whilst seeking to derive the best returns for the citizens of Trinidad and Tobago.
The meeting was described as productive and parties agreed to continue working to ensure future gas production.
The effects of the COVID-19 pandemic on the energy sector globally were also discussed and BP recognised the Government’s facilitation of the energy sector throughout the pandemic.