Though still far below 2013 levels, the country’s largest natural gas producer more than doubled its contribution to the Government coffers last year to US$360.5 million from US$148.7 million the year before, London-listed BP plc’s Payment to Governments declaration showed last week.

The news comes after BP drilled a dry (gas-target) well last month, and amid Prime Minister Dr Keith Rowley’s Netherlands and London visits on which he announced enhanced revenue packages for T&T from the Atlantic liquefied natural gas (LNG) plant. The payment BP made to T&T for the year 2018 was nothing compared to what other countries received: Azerbaijan US$8 billion, United Arab Emirates US$3.4 billion, and Angola US$3 billion.

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BP said in its 2019 Outlook: “The increase in LNG exports is led by North America, followed by the Middle East, Africa and Russia. As the LNG market matures, the US and Qatar emerge as the main centres of LNG exports, accounting for around 40 per cent of all LNG exports by 2040.”


THIS week, we at Bourse highlight the importance of investing in securing your financial future. We consider three investor profiles – the conservative, moderate and aggressive investor - and offer some guidance for persons seeking to position their portfolios for the remainder of 2019.

LAST WEEK, on July 9, 2019, S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on the Republic of Trinidad and Tobago to ‘BBB’ from ‘BBB+’.

The trade union representing aviation workers is complaining about the lack of recognition of the Aviation, Communication and Allied Workers Union (ACAWU) and the non-payment of outstanding monies owed to employees of Caribbean Airlines Ltd (CAL) amounting to about $37,590 for the period January 1, 2007 to December 31, 2018.

Maintenance technicians had to move swiftly to drain super gasoline from several diesel-run vehicles on Wednesday afternoon, due to a fuel mix-up at NP’s service station just before the Starlite Shopping Plaza in Diego Martin.

TOBAGO entrepreneurs shone at this year’s Trade and Investment Convention (TIC), hosted by the Trinidad and Tobago Manufacturers Association (TTMA) at the Centre of Excellence last week.