UNC Concerned Over Possible Looming Gas Crisis At the Point Lisas Industrial Estate

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UNC Concerned Over Possible Looming Gas Crisis At the Point Lisas Industrial Estate

The Opposition wants to know from the Minister of Energy if there is a looming gas crisis at the Point Lisas Industrial estate yet again.

It raised the matter as reports have emerged four critical downstream plants has shut down in the last few weeks due to a lack of natural gas.

UNC describes the situation as distressing and disturbing given the critical importance of the downstream sector to national economic stability that reports have emerged of the shutdown of Proman’s M2 and M3 plants as well as the Tringen 1 and Nutrien 03 plants due to a lack of natural gas supply.

The Opposition claims the survival of the energy sector as well as the economic well-being of Trinidad and Tobago given the significant forex and revenue that these plants generate have been jeopardized by consistent failure to address decimated levels of natural gas production.

Concerns have also been raised about what the Opposition describes as by unattractive bid rounds, lack of proper incentives and the inability of Trinidad and Tobago to attract new investment into gas production.