(Energy Analytics Institute, 7.Jun.2021) — Highlights from Trinidad and Tobago’s Prime Minister Keith Rowley from his keynote speech done virtually as part of the Trinidad and Tobago Energy Conference (TTEC) 2021 and regarding the energy transition, the country’s natural gas, and green hydrogen, among other topics.
— “For the Government of Trinidad and Tobago, one of the underpinnings of any transition strategy that we adopt is that we must be able to continue to provide stability for the citizens of the country, both in terms of the supply of energy, and revenue to the country.”
— “One of the ways through which we currently earn a steady stream of revenue is through the maximization of our natural energy resources. As is to be expected Trinidad and Tobago still has considerable resources in the ground to be utilized, and it is imperative that we continue to develop these resources or face their sterilization.”
— “Natural gas produced in Trinidad and Tobago not only benefits the citizens of Trinidad and Tobago by providing energy and a source of income to the country but our natural gas, which reaches destinations as varied as Spain, Puerto Rico and Canada via LNG shipments, is already playing a role in the energy transition by providing clean energy to these countries, and will continue to do so in the coming years.”
— “Here in Trinidad and Tobago, even though we currently use the cleanest burning fossil fuel for our power generation, we are aware that there is room for improvement. One of these areas which is a near-term priority is the minimization of emissions all along the value chain, from production of natural gas to its consumption.”
— “As carbon accounting becomes a reality and continues to grow in importance, we are finding ourselves in a position where lowcarbon products are becoming the order of the day. We must therefore position ourselves, through a collaborative effort amongst all stakeholders along the natural gas value chain, to reduce the carbon intensity of the LNG that is produced locally.”
— “As we meet here now new investments are being readied to use renewable energy electricity to run through state owned TTEC, to manufacture hydrogen, by a process of water electrolysis, to provide this product to ammonia plants in Pt Lisas. This major green investment has the potential generate significant tax revenues, temporary and permanent jobs as we green the economy. Upon completion, this $300mn will be the first green hydrogen project of its scale in the world. Not for the first time Trinidad and Tobago, in the energy sector is prepared to go where others have not gone before. For our petrochemicals, decarbonization of the production processes is a prospect to be explored, whether it is done using CCS, green hydrogen from renewable energy for the production of ammonia, or renewable power.”
— “Carbon capture and storage represents another lucrative area and one of several keys to delivering on energy transition and climate change targets.”
— “For our petrochemicals, decarbonization of the production processes is a prospect to be explored, whether it is done using CCS, green hydrogen from renewable energy for the production of ammonia, or renewable power.”
— “The Government of Trinidad and Tobago recognises the important role that natural gas has to play in the energy transition, in both a local and global context. We remain committed to the development and the maximization of the value of our natural resources, which will continue to provide a revenue stream to our country in the short to medium term. This revenue stream is critical, not only for the well-being of our citizens, but may also serve as a supplementary source of funding for some of the very projects required to meet our targets.”
By Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.