Ramnarine: 1.6% growth in ‘energy’
The local energy sector grew by 1.6 per cent in the second quarter of 2013, according to Central Bank data, the Ministry of Energy has said.
The growth in the first quarter of 2013 was 0.5 per cent.
Minister of Energy Kevin Ramnarine is optimistic that there will be continued growth in the energy sector in 2014.
In a statement, he said the main reason for the anticipated growth in 2014 was the completion of major maintenance works on offshore gas platforms. Maintenance in the natural gas sector started in late 2010.
The maintenance activity in the energy sector in September 2013 was the largest co-ordinated maintenance in the history of the natural gas sector and required co-ordination between the Ministry of Energy, BP, BG, Atlantic, NGC and PLEA.
He noted that maintenance works on BP’s Cassia Hub and BG’s Dolphin platform had been successfully completed and had exceeded expectations.
Ramnarine said maintenance of the BP Cassia Hub was completed 25 days ahead of the original 51-day schedule while work on the BG Dolphin platform was completed in the scheduled 18 days.
The Atlantic Train 3, which went down for maintenance on September 3, was already back up and running. The September, Atlantic Train 3 turnaround was the largest in Atlantic’s 14-year history of operations, Ramnarine noted.
With the completion of major maintenance he predicted a positive outlook and growth in 2014 for the energy sector.