Once a preferred bidder is selected to restart the mothballed State-owned oil refinery in Point-a-Pierre, will that change how this country receives its supply of cooking gas ?
Well, the current sole provider of the local supply of LPG - Pheonix Park Gas Processors, according to its president, "will partner with whoever is the owner of the refinery" if that is the policy that is determined by the Government .
00:00Just by the amount of times over the last couple of years you've you've heard
00:04of LPG shortages and in the country which for which they have been none.
00:08Dominic Rampersad, the president of Phoenix Park Gas Processors Limited at
00:13the state-owned company's head office in Coover speaking with TV6 News about the
00:18supply of LPG better known as cooking gas. All of those LPGs are supplied out
00:24of out of Phoenix Park. Of course since the refinery was shut down you know we
00:30have had to perfect the entire logistics of producing the LPGs, delivering it to
00:36the NP via road tanker wagons etc. But I would say that in all of the years
00:42that we have been doing that since the refinery was shut down the country has
00:45never had a stock out of LPGs. We have continued to be not just a reliable
00:50supplier but a secured supplier as well to the nation and we partner we
00:56develop over those years a very strong partnership with NP. The state-owned oil
01:00refinery was closed in late 2018 when PetroTrain was restructured into
01:05Trinidad Petroleum Holdings Limited. Earlier this month Energy Minister
01:10Stuart Young told the media that around the 10 or just above 10 bids were
01:14submitted.
01:15So the restart of the refinery at any point once the government chooses a preferred bedrock, at whatever point that occurs, will that change that dynamic of Phoenix Park, the supply of LPG that you give to the public?
01:33Ultimately, Joel, it is a matter of ensuring that the people of Trinidad and Tobago benefit
01:40from the natural resources of this country. So whatever the national and
01:44the government policy is for where that supply comes from, Phoenix Park will play
01:48its part. Mr. Rampersad spoke of two possible scenarios for LPG in that
01:53regard. If it is the government so determines that Phoenix Park will
01:57continue, we will continue to supply and provide the people of this country with
02:01with a reliable supply. If they decide that it is the refinery that will do it,
02:06well then we will partner with whoever is the owner of that refinery to ensure
02:09that at the end of the day, we have to make sure that this country is properly
02:13supplied. Phoenix Park or PPGPL is a subsidiary of the National Gas Company
02:18Limited or NGC. TV6 News spoke with the NGC's chairman, Dr. Joseph Kahn.
02:24As you know, oil and gas is a prime mover for the economy of Trinidad and Tobago and PPGPL being one of the
02:35subsidiaries of the NGC and NGC being you know owned by the government of
02:40Trinidad and Tobago. The bottom line is, you know, economic value where we can
02:47give to our shareholders, the people of Trinidad and Tobago, value in monetary
02:52as well as non-monetary terms so that we can do things to build Trinidad and
02:57Tobago. PPGPL operates a plant at Point Lysas as shown in video it provided as
03:02well as three facilities it acquired in the US. Jule Brown, TV6 News.
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