The Government of Trinidad & Tobago needs to urgently start the proposed consultation process with the oil, gas and petrochemical industry. The emphasis of the consultation process must be on how upstream investment dollars are going to be attracted to Trinidad & Tobago in the context of huge cuts in global capital expenditure in the current low commodity price environment.
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Energy Chamber Editorial
Investment levels in the Trinidad & Tobago upstream sector have remained at relatively high levels despite cuts, internationally, in capital expenditure due to low commodity prices. In December 2015, the Minister of Energy and Energy Industries, Nicole Olivierre, reported that investment was expected to be approximately US$3.0 billion in 2015 and in 2016.