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.
BP’s executive vice President for gas and low carbon energy Dev Sanyal, EVP, Claire Fitzpatrick, Senior Vice President spoke with the Energy Minister about the progress of its current projects, including, Matapal and Cassia C, future gas production and continued investments in Trinidad and Tobago.
In a release from the Ministry, it was confirmed the restructuring of Atlantic LNG and the importance of the ongoing negotiations pertaining to Atlantic was also explored during the meeting.
The release stated BP reaffirmed its commitment to the solar project that it is pursuing as a joint venture with Shell, as well as its commitment to gas production in Trinidad and Tobago.
Dev Sanyal said that even as BP navigates the energy transition, “gas is an essential and integral part of the transition and will be the stabilising influence for decades to come”.
Minister Young said the Government’s commitment is to ensure that Trinidad and Tobago remains competitive in the global energy environment while seeking to derive the best returns for the citizens of Trinidad and Tobago.
The Ministry stated the meeting was productive as parties agreed to continue working to ensure future gas production.
The effects of the COVID-19 pandemic on the energy sector globally was also discussed and BP recognised the Government’s facilitation of the energy sector throughout the pandemic.