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Preface

Dr. Vernon Paltoo, President of National Energy Corporation of Trinidad and Tobago

Welcome to Trinidad and Tobago, your gateway to the Americas. Backed by over 100 years of success in the energy sector and a proven track record of foreign direct investment, Trinidad and Tobago is the leading Caribbean producer of oil and natural gas. In addition, Trinidad and Tobago is the largest exporter of ammonia and methanol from a single site and also is home to the sixth largest exporter of liquefied natural gas (LNG) globally. As a result, Trinidad and Tobago has earned a reputation as an excellent investment destination for international businesses and has one of the highest growth rates and per-capita incomes in the Caribbean and Latin America.

The energy sector has encouraged growth in downstream areas. At Point Lisas, home to the island’s massive industrial estate and port facilities, there are investments in ammonia, methanol and other petrochemicals manufacturing, food and beverage, steel and electrical goods. Other industrial estates are also taking shape on the western peninsula of the island. At the forefront of all petrochemical and energy-based industrial development is National Energy Corporation of Trinidad and Tobago Limited (National Energy).

National Energy has pioneered several energy related developments in Trinidad and Tobago and as a result of our wealth of experience, we are poised and ready to welcome the Chinese business community to broaden its participation in Trinidad and Tobago’s world – renowned energy sector. We are the State organisation responsible for the conceptualization, development, promotion and facilitation of new energy based and downstream industries in Trinidad and Tobago.

Today, National Energy places particular emphasis on the downstream energy and gas-based industry. We seek to maximize the benefits of the country’s natural resources by developing a diversified portfolio of projects that go further downstream the energy value chain.


Building upon the successes in establishing our methanol and ammonia industries , we are now pursuing new businesses that will not only provide added value by going further down the gas value chain but will also offer new opportunities for investment, employment creation and contribute to the sustainable development of the country. As such we are actively seeking to develop an inorganic chemical industry in Trinidad and Tobago via companies desirous of establishing both integrated and or stand-alone inorganic chemical production facilities. Other areas of focus for development are Plastics, Metals, Renewables, Biochemical and Specialty chemicals industries.


In promoting the continued advancement of the local downstream energy sector, National Energy ensures the timely establishment and availability of industrial deep water ports and industrial estates to support the industries.


Currently the largest Caribbean exporter to the USA and with access to regional and international markets of over 90 million people, Trinidad and Tobago is the bridge to a ready market, which is close proximity and with which there are numerous trade agreements, for Chinese companies wanting to grow their businesses in the Americas. With a skilled and highly motivated workforce backed by a steady financial climate and tax regime, Trinidad and Tobago will prove to be an ideal investment location for you.

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