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Trinidad and Tobago

The National Gas Company of Trinidad and Tobago Limited

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Posted on 16 May 2012 by Gaurav Malik

The National Gas Company of Trinidad and Tobago Limited (NGC) is a state-owned company that purchases and transports, sells and distributes natural gas to industrial users. We own, maintain and operate the country’s transmission and distribution pipeline network of 880km, both offshore and onshore. Our transportation capacity is currently 4.4 billion cubic feet per day.   NGC is strategically positioned as a midstream operator with strong linkages to upstream and downstream activities.

In 2012—after 37 years in the business—NGC has become a diversified group of companies that dominate the major segments of the local gas value chain. The NGC Group has major investments in pipeline infrastructure, marine and industrial site development and services, upstream gas and oil production, NLG and LNG production and shipping.

Evidence of our success is that our diverse asset base was over US$5 billion and after tax profits US$3.44 billion in 2011. Gas utilized in 2011 was 1,645 MMscf/d.

With the achievement of investment grade company status, and credit ratings of an A– (S&P), Baaa1 (Moody’s) and AAA (CariCris), NGC is able to meet its financial obligations for major capital projects. This financial strength has positively impacted NGC’s ability to weather periods of weak commodity prices and uncertain economic circumstances.

Our business model—the “Trinidad Model of Gas Development”—is globally recognized and emulated. NGC’s vision is to be a valued partner in the global energy business and is leveraging its significant experience and robust financial condition to pursue global gas and related energy opportunities. In this regard, NGC is offering technical expertise and seeking investment opportunities in pipeline construction and operation, NGL production and marketing, gas transmission and distribution services, gas compression, and industrial site management.

This is The Natural Gas Company of Trinidad and Tobago Limited (NGC) as it continues to maintain a legacy of creating exceptional value for its shareholders: the Government and Citizens of Trinidad and Tobago.

The National Gas Company of Trinidad and Tobago Fossil Advert

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University of Trinidad and Tobago

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Posted on 16 May 2012 by Gaurav Malik

The University of Trinidad and Tobago (UTT) is the National University with a core focus that is relevant to the evolving developmental needs for both a  local and regional environment. UTT’s mission is, “to be an entrepreneurial university, designed to discover and develop entrepreneurs, commercialize research and development, and spawn companies for wealth generation and sustainable job creation towards the equitable enhancement of the quality of life of all individuals, families and communities of the Republic of Trinidad and Tobago and the Caribbean”.

As Trinidad and Tobago celebrates 50 years of independence, UTT’s significance as  the National University, is fundamental to  propelling the nation forward and, as such, UTT’s campuses have been rebranded as Centres of Excellence in areas of Creativity, Technology, Energy, Agriculture, Maritime Studies, Performing Arts and Sport. The Energy Institute of Trinidad and Tobago (EITT), which is to be located at the Pt. Lisas Campus, is specifically designed to facilitate the needs of Trinidad and Tobago’s largely hydrocarbon-based economy. Among other things, the Institute will focus on the discovery, production, transportation, conversion, utilisation and conservation of energy. At these Centres of Excellence, students can expect to find a plethora of activities associated with their area of study, making UTT a nucleus for both intellectual and innovative progress. UTT is also currently in discussions with the Ministry of Science, Technology and Tertiary Education, as well as other stakeholders, to assess the feasibility of including  aviation studies as part of its programme offerings.

UTT received Institutional Accreditation from the Accreditation Council of Trinidad and Tobago (ACTT) in December 2010. Programme Accreditation continues to be a priority of the University, with international accreditation for specific programmes being actively sought in order to allow graduates the benefit of professional membership in international bodies.

The following UTT programmes have received Specialised Programme Accreditation:

Accredited by the Energy Institute, United Kingdom (EIUK) –

• Bachelor of Science in Petroleum Engineering

• Master of Science in Petroleum Engineering

• Master of Science in Petroleum Technology

Accredited by The Institute of Marine Engineering, Science and Technology (IMarEST):

• Master of Science in Operational Maritime Management

• Bachelor of Science in Nautical Science

• Diploma in Maritime Operations – Engineering Option

• Diploma in Maritime Operations – Navigation Option

UTT offers programmes in a wide range of stimulating fields such as Engineering, Sports, Health Administration and Information Technology and  this diversity is indicative of the unique needs of Trinidad and Tobago’s growing society. A mandate of the University is to create a skilled and highly effective workforce that can position itself strategically in an evolving global community. Entrepreneurship continues to remain a core aspect of UTT’s vision and mission and graduates of the University are empowered with the knowledge, creativity and innovation needed to accomplish their dreams and to attain their fullest potential.

UTT uses a seamless and integrated approach to learning where, in many cases, instruction is combined with practical industry training through the University’s Cooperative Education approach. UTT offers excellent placement opportunities as bridging points between the University and the wider industry. The use of traditional classroom practices, combined with practical experience, fully equips graduates for the reality of the work environment. Graduates are therefore exposed to a cadre of soft skills which will enable them to be industry – ready and a valuable asset to any organisation.


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Trinidad and Tobago: Investment Opportunities and Public Private Partnerships

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Posted on 15 May 2012 by Gaurav Malik

Trinidad and Tobago is so highly reputed in the oil and gas industry globally that many developing countries have been seeking the advice of local consultants, practitioners and government technocrats to assist in transferring the success of what has become known as the ‘Trinidad Model’ to their economy.  Unlike the majority of its energy-based cohorts, Trinidad and Tobago boasts of being a stable democracy with an open and consistent legislative framework which provides for transparent and accountable business transactions.  The twin-island republic has benefitted from the proceeds of oil and gas receipts and as such has a highly educated population and an enabling business environment.

Coupled with spillover effects from the highly developed energy sector, Trinidad and Tobago has differentiated itself from its Caribbean neighbours through increasing levels of entrepreneurship, efficiency, risk taking and innovation. With one of the highest growth rates and per capita income in Latin America and the Caribbean, Trinidad and Tobago is the business and financial capital of the Caribbean as well as the manufacturing power house providing the other Caribbean countries with a significant portion of their commercial and consumer products.

For many years, Trinidad and Tobago has been host to more than 400 multinational companies in the energy sector as well as in the non oil sector – banks, insurance companies, hotels, fast-food restaurants, technology providers, power generation companies and consumer goods manufacturers.  This is attributable to:

  • Geographic location at the crossroads of the Americas;
  • Access to regional and international markets through trade and investment agreements;
  • Low energy costs;
  • Educated and skilled labour force;
  • Developed infrastructure;
  • 100% ownership of locally-registered private companies; and
  • No foreign exchange controls.

The government of Trinidad and Tobago is committed to increasing this foreign direct investment stock and has embarked on several initiatives to improve the country’s productivity and competitiveness.  To this end, invesTT, a state agency under the auspices of the Ministry of Trade and Industry is dedicated to driving the growth and development of the non-oil sectors by encouraging and facilitating new investments in the following sectors: Light Manufacturing, ICT, Creative Industries, Maritime Industries, Clean Technology, as well as provide investment information in any sector outside of this remit.

As a dynamic developing nation, the government of Trinidad and Tobago has prioritized the need to develop existing infrastructure as well as improve service delivery to a standard of international benchmarks.  While there are several examples of Public Private Partnerships, these arrangements have all been informal and generated mixed successes.  Simultaneously, the government has acknowledged the special competencies and resources of the private sector and the critical role they must assume in appreciating the competitiveness of Trinidad and Tobago.  As such, a Public Private Partnership Unit under the Ministry of Finance was constituted in August 2011.  It is the intention that PPP projects in areas such as health, infrastructure and financing will synergistically contribute to government’s overall initiatives to position Trinidad and Tobago to take full advantage of investment opportunities in a sound and sustainable manner.

Trinidad and Tobago is investment ready and investment friendly.

For further information on investment opportunities in Trinidad and Tobago please contact:

invesTT Limited

Tel: 1 868 638 0038  or 1 868 675 1989

Email: info@investt.co.tt

Website: www.investt.co.tt


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Investment for Economic Development

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Posted on 07 December 2011 by Gaurav Malik

Investment for Economic Development

“The purpose of local economic development (LED) is to build up the economic capacity of a local area to improve its economic future and the quality of life for all.  It is a process by which public, business and nongovernmental sector partners work collectively to create better conditions for economic growth and employment generation,” (World Bank, 2011).

In an effort to increase competitiveness and continually improve the investment climate of Chaguanas, the Government of Trinidad and Tobago has allocated funding in key areas; namely, agriculture, industry, tourism and institutional strengthening. The Chaguanas Borough Council coordinates planned development in these sectors and has selected projects to promote a business enabling environment. The Ramsaran Street Boulevard is a major project aimed at ‘pedestrianisation’ and expansion of the town centre. This initiative will attract investors, increase competitiveness, create new jobs and ultimately generate revenue and promote the economic development of The Borough of Chaguanas.

Agricultural investment in Chaguanas is an opportunity to decrease the food import bill and create jobs, as such, areas in Edinburgh and Connector Road have been selected for small scale commercial food production of food crops, root crops, legumes, citrus and greenhouse farming. In addition, over 350 acres in Bejucal and Felicity will be used to develop large farms for rice production.

Industrial investment to increase manufacturing of products for local and regional markets is ensured through the investment in the Evolving TecKnologies and Enterprise Development Company Limited (ETECK) Parks. The ETECK Parks in Biljah Road has a number of manufacturing companies involved in assembly/repair of a variety of products, service works, fire service department, foam products, and polyethylene film and bags. In addition plans are on the way for the construction of an industrial estate for light manufacturing at Factory Road, Felicity. Investing in hard infrastructure is essential to support and promote small and medium sized enterprise.

Investment in education and workforce development (soft infrastructure) is addressed by the Ministry of Science, Technology and Tertiary Education through the following projects in Chaguanas: The construction of the College of Science, Technology and Applied Arts of Trinidad And Tobago’s (COSTAATT) main campus on 30 acres of land, the establishment of the On-the-Job Training (OJT) Head Office on the Chaguanas Main Road, the Administrative Complex for the Ministry of Science, Technology and Tertiary Education, and Head Offices of The Youth Training and Employment Partnership Programme (YTEPP), the National Training Agency (NTA) and the Accreditation Council of Trinidad and Tobago (ACTT) on 15 acres located north of the Divali Nagar Site, The Open Campus facility, The Training Centre for Workforce Development at the Transport and Field Engineering Department, Woodford Lodge (approximately 10 acres).  Institutional strengthening of the Trinidad and Tobago workforce is a priority in Chaguanas and can be reflected in the many tertiary education institutes present.

Tourism investment is important to Chaguanas as there are many cultural landmarks such as the Lion House, the Divali Nagar site, many shopping malls, and the Chaguanas market and vendor’s mall. Chaguanas also boasts over 500 acres of Felicity wetlands bounded by the Gulf of Paria which is earmarked for eco-tours and recreation sites. These tourist spots attract thousands of visitors to Chaguanas and can generate significant income and job creation with proper planned development.

The Chaguanas Borough Corporation recognizes that the goal of development is to improve its economic future and quality of life of its citizens, as such, Investment initiatives are planned in collaboration with other Ministries, public, private and non-governmental sectors.


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