Who Built What: Every Energy Project Traces to the PNM
Cypre, Manatee, Ginger, Coconut, ExxonMobil, Brechin Castle - all PNM-initiated. The UNC has not conceived a single new upstream project.
Read the analysisCypre, Manatee, Ginger, Coconut, ExxonMobil, Brechin Castle - all PNM-initiated. The UNC has not conceived a single new upstream project.
Read the analysisGDP per capita fell 10.8%. Reserves dropped 54%. Moody's downgraded to junk. No HSF deposits in a decade.
Read the analysisMurder rate down 42%. Three SoEs declared. 16,000 workers fired. Every energy project inherited. A one-year report card.
Read the analysisThree union officials sit in ministries overseeing their former sectors. One signed loan documents for a refinery bid he now oversees.
Read the analysisShell signed new agreements in Caracas in March 2026 with US officials watching. But the Dragon gas project has survived this moment before - only to collapse. What makes this time different, and what does Trinidad and Tobago actually control?
Read the analysisBrent crude past US$119. LNG benchmarks up 70%. Ammonia, urea, and methanol at multi-year highs. But gas production is falling, a major plant is shut, Atlantic LNG trains are offline, and the windfall is arriving in an economy structurally unable to absorb it.
Read the analysisAn Italian engineering firm announced a US$50 million refinery study before any government did. The company paying for it is brand new. Nobody will say who is financing it.
Read the analysisA dispute over $28 million in port fees and gas pricing has shut down one of Point Lisas's largest plants. The fallout reaches hospitals, food production, and the forex pipeline.
Read the analysisGas production is at 2.5 bcf/d, down from a peak of 4.3. An LNG train is being permanently scrapped. Every major upstream project points to 2027. Trinidad and Tobago is running on fumes in the meantime.
Read the analysisA former T&T Energy Ministry director wrote to Guyana's press warning them to learn from Trinidad and Tobago's mistakes. No T&T outlet covered it.
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