Over the last two weeks I have writ­ten at least five ar­ti­cles on man­age­ment de­ci­sions tak­en at state-owned Na­tion­al Gas Com­pa­ny which have cost the com­pa­ny over $400 mil­lion and count­ing.

En­er­gy Min­is­ter Stu­art Young says he in­tends to take a pol­i­cy to Cab­i­net in a few weeks time to pro­mote the use of elec­tric ve­hi­cles in this coun­try to try and help save the en­vi­ron­ment.

A lo­cal­ly de­vel­oped, trade­marked brand­ing method­ol­o­gy called In­tang­ien­ceTM has been re­ceiv­ing glob­al ac­cla­ma­tion.

In an as­ton­ish­ing ad­mis­sion, the chair­man of the Na­tion­al Gas Com­pa­ny Con­rad Enill has told a ra­dio talk-show pro­gramme that the NGC was re­ly­ing on gas con­tract­ed to the down­stream petro­chem­i­cal sec­tor in its ef­fort to restart Train 1 but the mar­ket changed and the down­stream com­pa­nies de­mand­ed their gas, mak­ing its plan in­op­er­a­ble and the quar­ter bil­lion in­vest­ment in restart­ing Train 1 un­nec­es­sary.

The in­dem­ni­ty that the gov­ern­ment has agreed to grant the Board of Di­rec­tors of the Na­tion­al Gas Com­pa­ny may not be worth the pa­per it is writ­ten on ac­cord­ing to three Se­nior Coun­sels one of whom is a for­mer At­tor­ney Gen­er­al.

Massy Hold­ings Lim­it­ed has sold its 100 per cent in­ter­est in Massy Unit­ed In­sur­ance Ltd to the Bermu­da based Coral­isle Group for US $90.5 mil­lion.

Over the last week the rev­e­la­tion that the Board of Di­rec­tors of the Na­tion­al Gas Com­pa­ny (NGC) had sought and re­ceived, at least in prin­ci­ple, an in­dem­ni­ty (pro­tec­tion against loss or fi­nan­cial bur­den) from the Dr Kei­th Row­ley ad­min­is­tra­tion for hav­ing spent more than a quar­ter bil­lion dol­lars on what now ap­pears to be a failed at­tempt to res­cue At­lantic LNG Train 1 has caused great con­cern among many in the coun­try.

At­lantic LNG was one of the top­ics dis­cussed as Min­is­ter of En­er­gy and En­er­gy In­dus­tries Stu­art Young met vir­tu­al­ly with BP Ex­ec­u­tives yes­ter­day con­cern­ing the com­pa­ny’s cur­rent pro­duc­tion in Trinidad and To­ba­go.

Lo­cal fash­ion brand Rad­i­cal De­signs has sought to cap­i­talise on the re­turn of flights in­to and out of Trinidad and To­ba­go, as the com­pa­ny re­cent­ly opened a new re­tail store at the Pi­ar­co In­ter­na­tion­al Air­port.

Leader of the Move­ment for So­cial Jus­tice David Ab­du­lah has said the Board of Na­tion­al Gas Com­pa­ny can not be giv­en a ‘bligh’ for the hun­dreds of mil­lions of dol­lars like­ly lost due to an ill-fat­ed at­tempt to restart op­er­a­tions at LNG Train One.

Hav­ing spent hun­dreds of mil­lions of dol­lars on what now ap­pears to be an ill-ad­vised at­tempt to save At­lantic LNG Train 1, State Owned Na­tion­al Gas Com­pa­ny (NGC) uni­lat­er­al­ly walked away from its agree­ment to fund the main­te­nance of At­lantic LNG in the process cre­at­ing a cri­sis for the rest of the share­hold­ers.

In what could turn out to be a ma­jor scan­dal for the gov­ern­ment and state-owned Na­tion­al Gas Com­pa­ny, (NGC) Guardian Me­dia has ob­tained con­fi­den­tial cor­re­spon­dence be­tween Fi­nance Min­is­ter Colm Im­bert and the Board of the NGC that show the Board seek­ing, and Im­bert agree­ing, to grant them per­son­al pro­tec­tion against be­ing held to ac­count should the com­pa­ny lose over $440 mil­lion in an ill-fat­ed at­tempt to save At­lantic LNG Train 1.