Reinventing the upstream
Br Minster of Energy and Energy Affairs, Kevin Ramnarine
Our nation’s energy sector naturally evokes interest given that it has long been our economic foundation. T&T’s energy sector is a strong global brand. PM Kamla Persad-Bissessar in speaking recently in Panama noted that T&T accounts for 17 per cent and 13 per cent of BP and BG’s global production volumes respectively.
The energy sector has three distinct components: upstream, mid-stream and downstream. In the upstream companies explore for and produce both oil and natural gas. The mid-stream sector entails liquefaction of natural gas, natural gas processing and oil refining. In the downstream sector natural gas is used in the production of ammonia, methanol and steel. Natural gas is also used to generate all of our country’s electricity.
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