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T&T, Ghana in joint oil and gas venture

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  • Minister of Arts and Multiculturalism Winston Peters, left, listens to former PNM minister Eric Williams yesterday at the Emancipation Support Committee launch of the United Nations (UN) International Year for People of African Descent held at the Hilton Trinidad and Conference Centre, Port-of-Spain. Photo: Nicole Drayton

    The Governments of Trinidad and Tobago and Ghana will be embarking on a joint venture to develop Ghana’s oil and gas industry. Prime Minister Kamla Persad-Bissessar revealed this yesterday in her address at the Emancipation Support Committee launch of the United Nations (UN) International Year for People of African Descent, at the Hilton Trinidad and Conference Centre, Port-of-Spain.

    Persad-Bissessar said the Government of Ghana invited the National Gas Company of T&T (NGC) to submit proposals for the development of its oil and gas resources. She said the billion dollar project had been approved “in principle” by Cabinet late last year. Persad-Bissessar said the project entails T&T’s using its knowledge of the petroleum industry through economic and technical co-operation with Ghana. She said, “We have the expertise, the knowledge, the services and Ghana has acknowledged that.”

    Persad-Bissessar said the time had come for T&T to move away from the “extracting” component of the petroleum sector and move towards providing services for other nations who need assistance in further developing their own oil and gas resources and trade. She said the project went along with the Government’s plan to expand trade and business to the Southern continents while increasing inter commonwealth trade. Persad-Bissessar said she hoped the Government of Ghana would accept T&T’s proposal and was “looking forward to a very successful, mutually profitable relationship” between NGC and the Ghanaian Government.
    http://guardian.co.tt/business/2011/01/27/tt-ghana-joint-oil-and-gas-venture

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