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Energy Chamber: Conference has influenced policy on local content

Thursday, January 23, 2014
Dr Steven Chu, 12th US Secretary of Energy

Past energy conferences in T&T have influenced the Government’s policies, said Thackwray Driver, chief executive officer of the Energy Chamber.


“Over the years a lot of issues that get aired at the Energy Conference end up being Government policy. In the recent past, there were the discussions around competitive taxes in the upstream sector. This issue has been acknowledged in the last three national budgets,” he told the Business Guardian by phone on Monday.


The Energy Chamber of T&T will host its annual T&T Energy Conference on February 3-5, 2014 at the Hyatt Regency Trinidad hotel, Dock Road, Port-of-Spain. 


The theme of this year’s conference is: Winning in an Evolving Energy World. 


Driver said past Energy Conferences have influenced policy on local content.


“About a decade ago, the then Government began taking up the issue of local content because of the discussions that stemmed from the Energy Chamber conference.”


According to information provided by the Energy Chamber, the energy sector is at a point where it must evolve in order to remain competitive, given the changing global landscape.


“The shale gas revolution, the expansion of the Panama Canal, innovations in deepwater technology, shifting gas markets, and new hydrocarbon discoveries in emerging markets, for example, East Africa, suggest that T&T must rethink and tweak its approach by factoring in these global changes.”