The article from the Energy Chamber on August 2, Business Guardian on hydrocarbon reserves was interesting but certainly did not dispel public unease about the reserves position in Trinidad and Tobago. If anything I daresay it left most readers with the impression that everything is so uncertain that no reports can be relied upon to give an idea about the future of our oil and gas production.
I would particularly challenge the remarks about the "3rd misconception" that "Our reserves position is a cause for panic". We have to use the information available to us, and considering that Ryder Scott has been contracted for many years to produce the reserves report to the government of T&T we must assume that the report is as good as can be expected. All this indicates that we will almost certainly 'run out of gas'.
This will not be like a valve being suddenly turned off. It will be a gradual process in which the producers will be unable to deliver the quantities of gas required by the LNG, ammonia and methanol plants, far less the new AUM plants and whatever else the Minister thinks he can supply. It is interesting to note that throughout 2011 and thus far into 2012 these plants are already starved for gas.
I suggest that readers disregard the comments about the "3rd misconception" and demand that our government start being honest with us and commence some serious sensible planning for a less gas-rich future.
Reg Potter Glencoe
Glencoe
