Trinidad and Tobago’s energy industry stretches across a range of upstream, midstream and downstream activities, including on- and offshore oil and gas exploration and production; oil and gas processing and refining, which produces petrol and other fuels; liquefied natural gas (LNG) production and export; pipeline operation and distribution;...
Alongside the renewed impetus to diversify Trinidad and Tobago’s industrial sector, businesses are pursuing new export markets for products and services. Traditionally, exports have been focused on the member countries of CARICOM, established in 1973. The largest export market is Jamaica, which received $182m worth of T&T products in the...
In light of the fall in global oil prices, the government of Trinidad and Tobago has proposed a series of ambitious reforms. Keith Rowley, the recently elected prime minister, has raised the possibility of amending the tax code to better reflect the current state of the energy sector. The move has been lauded by oil executives, who believe...
Due to the country’s abundant low-cost hydrocarbons, Trinidad and Tobago has historically given a low priority to the development and use of alternative and renewable energy sources. That same high dependence on oil and gas has placed the country comparatively high up on global rankings in terms of greenhouse gas (GHG) emissions.
The Trinidad and Tobago insurance industry was affected by a slower economy in 2015, and the macroeconomic environment will remain difficult in 2016. Despite this, most of the largest insurers remain profitable. Key metrics suggest the industry is resilient, although companies will have to adapt their business models to keep abreast of market...
The government bond market in Trinidad and Tobago was somewhat subdued in 2015, with no public auctions of TT$-denominated debt taking place. However, as the government embarks on what should be an aggressive domestic borrowing programme in 2016 and the interest rate environment changes, activity could be set to increase markedly.
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