The Ministry of Energy and Energy Industries (MEEI) has held discussions with bp Trinidad and Tobago (bpTT) and the National Gas Company of Trinidad and Tobago Limited (NGC) on the development of the Manakin/Cocuina cross-border natural gas project.
The meeting was led by Energy Minister Roodal Moonilal and included Permanent Secretary Karinsa Tulsie and Acting Permanent Secretary Ava Mahabir-Dass, along with officials from the ministry, bpTT and NGC.
According to the ministry, the discussions focused on the status and development of the Manakin/Cocuina natural gas resource, as well as opportunities for further collaboration among the Government, bpTT and NGC to advance the project.
The Manakin/Cocuina field is a natural gas resource that straddles the maritime boundary between Trinidad and Tobago and Venezuela.
The latest engagement comes as the Government continues discussions on the potential development of the cross-border resource and its possible contribution to Trinidad and Tobago’s natural gas sector.
Moonilal stressed the importance of continued collaboration among the stakeholders as Trinidad and Tobago examines opportunities for what the ministry described as the responsible development of the country’s natural gas resources.
The ministry said the discussions are also part of efforts to strengthen the energy sector.
The Manakin/Cocuina resource has been the subject of efforts to facilitate cross-border gas development, with its location presenting both commercial and regulatory considerations for Trinidad and Tobago and Venezuela.
The meeting did not announce a final development agreement or provide details on a project timeline, production volumes or the commercial terms being considered.
Instead, the ministry said the engagement was focused on advancing discussions surrounding the development of the resource and identifying opportunities for further collaboration.
The Government has been seeking to maximise available natural gas resources amid challenges facing Trinidad and Tobago’s gas-based industries, including declining domestic production and constraints on feedstock availability.
The ministry said it will continue working with the relevant stakeholders as discussions on the Manakin/Cocuina project progress.
