Trinidad is using its oil and gas wealth wisely to build an advanced society. Will it be able to forge crucial international partnerships in time?
Trinidad's Prime Minister Patrick Manning wants to lift his
country out of poverty and become a fully developed state by
the end of the next decade. The country's substantial -
but dwindling - reserves of oil and gas are the key to
this. "One of our mandates is to develop our people and our
country and we want to achieve a standard of living that is
equivalent to a developed country by 2020," says Eric Williams,
minister for energy and energy industries. However, the country
is literally running out of time and energy. "Crude oil
reserves, at an estimated 990 million barrels, are expected to
last only another decade unless new reserves are found,"
according to the Energy Information Administration at the US
Department of Energy in Washington. And how can Trinidad
maintain its lucrative 77% share of US liquid natural gas (LNG)
imports and still have enough gas left...
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