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Progress in talks with BP
Government and officials of BP have identified and discussed outstanding issues and exchanged proposals for resolution.
This was confirmed in a statement from the Office of the Prime Minister after a T&T team led by Prime Minister Dr Keith Rowley met yesterday with officials of the multinational energy company.
The delegation at the meeting with the BP executives, which took place at the company’s London headquarters, included Energy Minister Franklin Khan, Minister in the Office of the Prime Minister Stuart Young, along with officials of the National Gas Company (NGC) and the Energy Ministry.
BP’s delegation was led by Group CEO Bob Dudley and included Chief Executive Upstream Bernard Looney, former Regional President (T&T) Norman Christie, bpTT Regional President Claire Fitzpatrick, Head of Planning and Commercial Finance Richard Eaton and Vice-President, Corporate Operations, Giselle Thompson.
The delegations agreed that over the next few days they will work assiduously towards resolution of identified issues “in a mutually beneficial manner.”
They agreed to meet from the second half of May to start negotiations on issues associated with Atlantic LNG and other LNG matters. BP officials also confirmed their commitment to work with Government to develop and strengthen the long-term future of the gas industry.
At a meeting on Monday with Shell executives, there was agreement to establish negotiating teams that will meet from the second half of May and work towards securing of the long-term future of T&T’s gas industry.
Teams will work on a priority basis on various matters, including Atlantic LNG and the socio-economic contribution of the LNG business to T&T, extensions of various upstream production sharing contracts (PSC), Venezuelan initiatives and new domestic gas arrangements.
Negotiating teams will report back to principals with agreements by September 2018.
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