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[UPDATED] Khan: Expect rough 2021 but good 2022 for Trinidad and Tobago energy industry
Franklin Khan -
Minister of Energy and Energy Industries Franklin Khan has said 2022 will be a good year for the local energy industry, but the country will first face a challenging 2021.
He spoke at a virtual news conference Thursday on the results of a 2019 audit of TT’s gas reserves done by oil and gas consultancy agency, Ryder Scott.
Khan, taking from the audit, said results showed that between 2016 and 2019 TT experienced an upward trend of technically recovered resources (TRR). So much so that in 2019, TT had a 113 per cent recovery of its proven and developed reserves.
Jobs in jeopardy at Lake Asphalt
Minister of Energy and Energy Industries Franklin Khan. FILE PHOTO
ENERGY Minister Franklin Khan has spoken of plans to revitalise Lake Asphalt (LATT) even as workers and their union called on government to state its position on the La Brea company.
As the jobs of some 300 asphalt employees hang in the balance, the head of their union wants to know, “What did the workers do wrong to have this death sentence hanging over their heads?”
Joseph Phillip, president general of the Contractors and General Workers Trade Union (CGWTU), said the research and development department has remained dormant, as the board and managers have failed to engage in any innovative exercises. He said the market has been in a slump because there are no new products to sell.
From right to left: Franklin Khan, Minister of Energy and Energy Industries, Penelope Bradshaw-Niles, Permanent Secretary (Ag) of the Ministry of Energy and Energy Industries and on-screen Lord Ahmad of Wimbledon, United Kingdom Minister for South Asia and the Commonwealth.
The Minister of Energy and Energy Industries Franklin Khan met with Lord Ahmad of Wimbledon, United Kingdom- Minister for South Asia and the Commonwealth, via videoconference on Wednesday.
According to a statement from the Energy Ministry, the ministers discussed the recent UK Fossil Fuel announcement made by Boris Johnson, Prime Minister of the United Kingdom, on December 12 at the Climate Change Summit 2020, which stated the intention of the United Kingdom to end their direct taxpayer support for fossil fuel projects overseas.