The Chamber of Industry and Commerce says the country must not lose sight of the larger national goals of diversifying and transforming the economy, despite the recent gas discoveries made by BpTT.
The Chamber issued a statement Monday calling for the country to stay the course even with the good news of the BpTT find.
The following is the Chamber's statement:
"The Trinidad and Tobago Chamber of Industry and Commerce (T&T Chamber) welcomes news of recent gas discoveries by BP Trinidad & Tobago (bpTT), with its Savannah and Macadamia exploration wells.
BP Trinidad and Tobago LLC has announced the sanction for the development of its Angelin offshore gas project.
The project will feature the construction of a new platform - bpTT’s 15th offshore production facility - 60 kilometres off the south-east coast of Trinidad in water-depth of approximately 65 metres.
The development will include four wells and will have a production capacity of approximately 600 million standard cubic feet of gas a day (mmscfd).
Gas from Angelin will flow to the Serrette platform hub via a new 21-kilometre pipeline.
BP Trinidad and Tobago LLC (bpTT) has announced the start-up of the Trinidad Onshore Compression (TROC) project – one of seven major upstream projects BP expects to bring online in 2017.
The company says full start-up will take place over the next few months.
When fully on stream, the onshore compression facility will have the potential to deliver approximately 200 million standard cubic feet of gas per day.
The Energy Chamber says the decision by BpTT not to construct the Angelin platform in Trinidad and Tobago, signals an urgent need for increased productivity in Trinidad and Tobago.
The Chamber responded to BpTT's decision via a media statement Wednesday morning.
"All responsible stakeholders in the country must be disappointed by the decision not to construct the Angelin platform in La Brea.
However, this decision has been driven by the need to ensure that natural gas is available in Trinidad & Tobago by early 2019.