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A potential billion-dollar surge in energy revenue could be on the horizon for Trinidad and Tobago, driven by escalating geopolitical tensions and a restructured Atlantic LNG pricing formula, Energy Minister Dr Roodal Moonilal has said.
Moonilal noted that the country is uniquely positioned to benefit from a spike in Asian LNG price markers. However, his optimistic fiscal outlook was quickly challenged by his predecessor, Stuart Young, who argued that no amount of global price increases could offset what he described as “destructive practices” destabilising the local petrochemical sector.
Speaking on the effects of the shifting geopolitical landscape in the Middle East, Moonilal told Guardian Media yesterday that escalating international conflicts could provide an “unintended” windfall for T&T’s energy coffers.
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