The reality of T&T’s desperate need for renewable energy projects is being highlighted in the news of the difficulties being experienced at present by four plants on the Point Lisas Industrial Estate in receiving supplies of natural gas.
It is a difficulty that has occurred on a few occasions in the immediate past, the Atlantic Train 1 facility being the most dramatic example.
At this time, local production of petrochemicals is being impacted by the shutdown of natural gas production, due to an unplanned technical issue, at an upstream supplier.
The local economy has been dependent for over 100 years on oil, and with the maturation of oil fields, has become increasingly reliant on the natural gas industry for its relatively prosperous existence compared to other Caricom countries.
But with the supply of natural gas not meeting the installed production capacity of petrochemical plants at Point Lisas and LNG at Point Fortin, T&T finds itself in an extremely precarious position.
The decision by the US Government in January 2023 to grant T&T a carve out from American sanctions on Venezuela, provided some hope that the Dragon natural gas field would be the answer to T&T’s gas supply problem–at least in the medium term.
But with the US apparently refusing to relent on its insistence that T&T must not pay Venezuela in cash for natural gas from the Dragon field, and with T&T's closest neighbour rightly insisting on cash, this country faces a huge dilemma.
One former energy minister, Kevin Ramnarine told the Guardian last week there are still possibilities for Dragon Gas to flow here.
Combined with such a possibility, there are potential sources of gas finds and production from resident companies such as Woodside Energy with its Calypso field estimated to hold six trillion cubic feet in T&T’s deep water province.
The major challenge now facing T&T is to turn with vigour and expedition to non-fossil fuel sources for energy while remaining aggressive about the natural gas developments.
The sources of renewable energy are quite a few, T&T being washed by the Atlantic Ocean and the Caribbean Sea; the fierceness of the rays of the sun around us almost 12 months per year; the wind; the powerful streams of water; they all seem inexhaustible to potentially supply energy to meet our needs.
At the moment, the Orange Grove Solar PV Project and the Piarco Solar Power plant are in varying stages of completion and operation. There also have been individual solar facilities on the roofs of homes and small business operations; they can augment and replace gas-driven electricity supplies.
A survey by the World Bank back in 2020 estimated that such projects in their infancy stage can produce less than one per cent of the electricity needs of the country.
So while there is a start-up effort in the renewable energy industry here, the road to the future of sustainable energy supplies, energy security, and even an export industry, the journey has to start in earnest in the present.
T&T’s dependence on hydrocarbons, and the relative ease through which the investments by several multinational corporations with sophisticated technology, expertise, and large investment capital to extract and process oil and gas and export same, has proven to be a comfort zone for governments seeking rents to pay for the essentials of citizens.
That era is closing fast.