Description
Book SynopsisThis book chronicles the history of the petroleum industry in Trinidad and Tobago and appraises major policy decisions impacting its economy. The book will be useful as a source document to students, researchers, policy makers, and anyone interested in developments in the energy sector in a small developing state.
Trade ReviewThis collection of papers offers an extraordinarily valuable glimpse into every important aspect of the ‘Trinidad and Tobago model.’ The fact that the small, two-island Caribbean state provided an example to the world on the successful commercialization of a very modest amount of natural gas reserves amply qualifies the book’s insights for study and emulation in countries far bigger than ours. -- David Renwick, co-founder of ENERGY Caribbean magazine and recipient of the Hummingbird Medal (Gold) in 2008
This authoritative collection of papers . . . is by far the most comprehensive and well-judged assessment I have seen. It provides both a well-written overview of the history of oil and gas development over the past century and also a well-informed assessment of where oil and gas policy is likely to lead. . . . It will be essential reading for all energy practitioners in Trinidad and Tobago and all other petroleum producer governments and companies. -- Paul Tempest, recipient of lifetime awards from the International Association of Energy Economics in 2008 and the British Institute of Energy Economics in 2010
Table of ContentsList of Figures List of Tables Acknowledgements Introduction Chapter 1: From Walter Darwent to Atlantic LNG Train 4 Trevor M. Boopsingh Chapter 2: The Last Decade—Liquefied Natural Gas and Its Impact Trevor M. Boopsingh Chapter 3: Managing the Resource-based Economy in Times of Plenty Gregory McGuire Chapter 4: Natural Gas Market Structure, Contracts and Pricing in Trinidad and Tobago Gregory McGuire Chapter 5: Maximizing National Value—Ownership, National Participation,Local Content and Sustainable Development Anthony E. Paul Chapter 6: Trinidad and Tobago and Its Neighbours Professor Anthony T. Bryan Chapter 7: Future Hydrocarbon Resources Anthony E. Paul Chapter 8: Sustaining and Leveraging the Energy Sector Portfolio over the Next 100 Years Baajnath Sirinath Chapter 9: Energy and Development—Realizing the Vision Kerston Coombs Chapter 10: The Social Impact Richard Braithwaite and Trevor M. Boopsingh Chapter 11: Hydrocarbons and the Environment in Trinidad and Tobago: An Emerging Legal Relationship Dr. Rajendra Ramlogan Chapter 12: Petroleum Taxation in Context: The Role of the State Trevor M. Boopsingh Chapter 13: Taking Trinidad and Tobago Forward and Abroad: The Technical Challenges Anthony E. Paul and Trevor M. Boopsingh Chapter 14: The Communication Challenge Richard Braithwaite Chapter 15: The Leadership Challenge Dr. Kermitt W. Walrond Index
