The Energy Chamber of Trinidad & Tobago has noted the Minister of Finance's statement that he and the Minister of Energy and Energy Industries will meet with the Energy Chamber in the next few months in order to finalise details of changes to the fiscal regime for the upstream energy sector to be introduced in the Finance Act 2025. The Energy Chamber warmly welcomes the Minister's statement, and we look forward to detailed discussions on changes to the oil and gas taxation regime which will further incentivise investment into new oil and gas production. The Energy Chamber deeply appreciates the commitment to consultation and to finding solutions to the complex issues around oil and gas taxation.
The Energy Chamber is fully aligned to the Government’s objective to maximize investment in the sector and to quickly monetise our hydrocarbon resources for the benefit of the citizens of the Republic of Trinidad & Tobago. Furthermore, increased investment in the sector means more activity for hundreds of our contractor and energy service company members and the thousands of people who they employ directly or as sub-contractors.