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Trinidad: Riley-BHP gas find ‘not small’

FORMER bpTT president Robert Riley has said BHP may have challenges with its recent gas find.

He was speaking on Thursday at the Institute of Chartered Accountants of TT’s annual international finance and accounting conference at Hyatt Regency, Port of Spain.

Riley said a number of projects were implemented in response to the gas price hike in which TT was a big winner.There were eight or nine projects in the last year that await final investment decisions, he said.

Most people predict a return to decent gas prices that will support LNG production somewhere late in the 2020s ,he said, possibly 2028 or 2030.

“Precision around it depends on so many different factors. But that’s what we are beginning to talk about.”

He said there is going to be growth in gas and noted the “nice little finds” BHP has been talking about, including the 3.5 trillion cubic feet (tcf), which was “not a small one.”

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