Government is working on a new fiscal policy to govern cross-border gas coming into Trinidad and Tobago, including how it is taxed, regulated, and how the country earns revenue from it.

This was revealed by Minister of Finance Davendranath Tancoo as he responded to an oral question in the Lower House on Wednesday.

“While the country was being told that cross border gas was on the way, the fiscal measures to protect the Treasury remained unfinished. While the population was being given promises, the hard work of settling how Trinidad and Tobago would earn revenue had not been completed. Mr. Speaker, we are establishing a new fiscal review committee which will examine the full gas value chain.”