From Oil to Gas and Beyond: A Review of the Trinidad and Tobago Model and Analysis of Future Challenges
Ebook
Overview
From Oil to Gas and Beyond chronicles the history of the petroleum industry in Trinidad and Tobago and appraises major policy decisions impacting its economy. The book details the macroeconomic, commercial, and technical challenges faced by Trinidad and Tobago in the monetization of its oil and gas resources over the past one hundred years. The contributors cover several topics including local content, national participation, sustainability, communication, leadership, energy diplomacy, environmental law and macroeconomic policy.
List of Figures
List of Tables
Acknowledgements
Introduction
Chapter 1: From Walter Darwent to Atlantic LNG Train 4
Trevor M. Boopsingh
Chapter 2: The Last Decade—Liquefied Natural Gas and Its Impact
Trevor M. Boopsingh
Chapter 3: Managing the Resource-based Economy in Times of Plenty
Gregory McGuire
Chapter 4: Natural Gas Market Structure, Contracts and Pricing in Trinidad and Tobago
Gregory McGuire
Chapter 5: Maximizing National Value—Ownership, National Participation,Local Content and Sustainable Development
Anthony E. Paul
Chapter 6: Trinidad and Tobago and Its Neighbours
Professor Anthony T. Bryan
Chapter 7: Future Hydrocarbon Resources
Anthony E. Paul
Chapter 8: Sustaining and Leveraging the Energy Sector Portfolio over the Next 100 Years
Baajnath Sirinath
Chapter 9: Energy and Development—Realizing the Vision
Kerston Coombs
Chapter 10: The Social Impact
Richard Braithwaite and Trevor M. Boopsingh
Chapter 11: Hydrocarbons and the Environment in Trinidad and Tobago: An Emerging Legal Relationship
Dr. Rajendra Ramlogan
Chapter 12: Petroleum Taxation in Context: The Role of the State
Trevor M. Boopsingh
Chapter 13: Taking Trinidad and Tobago Forward and Abroad: The Technical Challenges
Anthony E. Paul and Trevor M. Boopsingh
Chapter 14: The Communication Challenge
Richard Braithwaite
Chapter 15: The Leadership Challenge
Dr. Kermitt W. Walrond
Index
This collection of papers offers an extraordinarily valuable glimpse into every important aspect of the ‘Trinidad and Tobago model.’ The fact that the small, two-island Caribbean state provided an example to the world on the successful commercialization of a very modest amount of natural gas reserves amply qualifies the book’s insights for study and emulation in countries far bigger than ours.
This authoritative collection of papers . . . is by far the most comprehensive and well-judged assessment I have seen. It provides both a well-written overview of the history of oil and gas development over the past century and also a well-informed assessment of where oil and gas policy is likely to lead. . . . It will be essential reading for all energy practitioners in Trinidad and Tobago and all other petroleum producer governments and companies.
Product Details
- Title : From Oil to Gas and Beyond: A Review of the Trinidad and Tobago Model and Analysis of Future Challenges
- Authors:
- Boopsingh, Trevor M.
- McGuire, Gregory
- Publisher: UPA
- Publication Date: 2014
- ISBN: 9780761863298
Trevor M. Boopsingh was a distinguished member of the International Society of Petroleum Engineers. He served as Permanent Secretary in the Ministry of Energy and Natural Resources from 1981 to 1987. He was a senior lecturer in the Department of Engineering at the University of the West Indies and served as chairman of its Engineering Institute from 1994 to 1998. He also served as chairman of the state-owned oil company Petrotrin from 1991 to 1995. His seminal work, Oil, Gas, and Development: A View from the South, was published in 1990. Boopsingh was awarded Trinidad and Tobago’s second highest honor: the Chaconia Medal (Gold) for his outstanding contribution to the nation.
Gregory McGuire is recognized as one of the leading energy economists in Trinidad and Tobago. He has over twenty years of cumulative experience in the energy industry, with particular emphasis on negotiating gas contracts, strategic planning, and gas marketing.