The Energy Chamber of Trinidad and Tobago (The Energy Chamber) Message
January 17th, 2024
Over the last year, the Energy Chamber continued to actively pursue initiatives aimed at achieving the objectives of its 6-point plan to secure T&T’s natural gas supply and drive the transition to a low-carbon future. We are encouraged by the progress made to date on many of the objectives outlined in the plan, both from the Government and private sector initiatives. We continue to work with all stakeholders to ensure swift decision-making and quick implementation of the projects and policies which will bring these critical elements to fruition.
The Energy Chamber continues to advocate for better utilisation of the country’s natural gas resources, away from electricity generation to the downstream sector where it can be monetised to the greater benefit of the nation’s citizens. The Energy Chamber submitted detailed recommendations to the Regulated Industries Commission (RIC), supporting the removal of the current cross-subsidies that the gas industry provides for electricity consumers. We have always advocated for efficient and transparent pricing of fuels and electricity. We keenly await the final outcome.
Critical to the long-term viability of the energy sector in T&T is integration of the regional energy services markets. Over the last five years, there has been astonishing growth in energy developments in the Caribbean Community, in particular in the oil and gas sector in Guyana and Suriname but also in the renewables sector in Barbados, Jamaica and the Eastern Caribbean. The full implementation of the CSME could further support the growth of the energy services sector in the region. This would ensure that expertise, equipment and capital moves throughout the region and gets to where it is needed most. This will save time and resources and ensure that projects are more viable and are executed quickly.
The Energy Chamber is proud of what the country has accomplished in the energy sector and the safety record of the industry. We also recognise however that there is a need to address asset integrity issues due to aged infrastructure associated with being in the industry for over 100 years. Safety has always been a priority of the sector, and we continue to work with all stakeholders to ensure safe operations for the environment and all those who work in the sector. By keeping this issue as a core tenet of the industry, it secures the long-term viability of the energy sector.
Finally, we’re happy to share that the Energy Chamber recently achieved ISO 9001:2015 certification. The certification is related to the Energy Chamber’s implementation of a Quality Management System based on recognised international standards. This bolsters our commitment to quality and continuous improvement across the organisation.