Former Energy Minister Kevin Ramnarine says the decision by BpTT not to build the Angelin platform in La Brea, is not surprising.
He says delays as a result of industrial action contributed to it.
The former minister issued this statement on the matter today:
"BP's decision to not build the Angelin platform at La Brea is disappointing but should come as no surprise. There are two issues that led us to this point.
Firstly, the energy sector's ability to deliver projects has been severely impacted by industrial relations unrest and increasing red tape.
BpTT has announced that the construction of a platform for the Angelin project will not be done here in Trinidad and Tobago.
The company says the decision was a "difficult" one.
BpTT issued the following statement today.
"While bpTT and the NGC continue to progress the completion of a gas sales agreement as a prerequisite to the sanction of Angelin, bpTT continues to pursue all options to maintain the project schedule and first gas goal of early 2019.
BP Trinidad and Tobago LLC has released a photo of the historic passage of the BP British Merchant through the newly expanded Panama Canal.
The British Merchant, operated by BP Shipping left Atlantic LNG at Point Fortin on July 26, 2016 with its cargo destined for Mexico.
It was the first LNG tanker from Trinidad and Tobago to make its way through the expanded Panama Canal which was officially opened on June 26, 2016.
BPTT has announced the completion of planned work on its Amherstia platform ahead of schedule.
A statement from BPTT says that "The work included a planned shut-in of the facility to undertake preparations for the upcoming drilling programme".
Prime Minister Dr Keith Rowley has met with top BPTT officials where they discusses, among other things, the state of the economy.
A statement by the Office of the Prime Minister says both parties remain committed to working together on the challenges facing the energy sector.
The following is the statement from the Office of the Prime Minister:
BPTT says it will continue investing in this country, despite the downturn in energy prices.
BPTT's President, Norman Christie gave the assurance as he addressed the opening of the 2016 Energy Conference this morning.
The following is a media release by BPTT:
"BP Trinidad and Tobago (bpTT) is continuing to invest in Trinidad and Tobago despite the downturn in energy prices.