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Sunday, May 4, 2025

Young defends PNM’s energy record

by

20 days ago
20250414
Prime Minister Stuart Young greets supporters at the PNM’s political meeting at the Croisee, San Juan, on Friday.

Prime Minister Stuart Young greets supporters at the PNM’s political meeting at the Croisee, San Juan, on Friday.

ANISTO ALVES

Prime Min­is­ter Stu­art Young said yes­ter­day that the Peo­ple’s Na­tion­al Move­ment (PNM) has de­liv­ered tan­gi­ble en­er­gy sec­tor re­sults, while ac­cus­ing the for­mer UNC ad­min­is­tra­tion caused cost­ly fail­ures.

Young, who is al­so the Min­is­ter of En­er­gy, de­fend­ed the PNM ad­min­is­tra­tion’s track record in the sec­tor in a Face­book post yes­ter­day.

He said the PNM gov­ern­ment had suc­cess­ful­ly ne­go­ti­at­ed a slate of en­er­gy projects that are ei­ther al­ready gen­er­at­ing rev­enue or are ex­pect­ed to do so in the near fu­ture.

“This is a true and ac­cu­rate re­flec­tion of the work that has been done by the PNM Gov­ern­ment in the en­er­gy sec­tor,” he wrote, re­fer­ring to re­cent an­nounce­ments about gas sup­ply projects.

He com­pared this with a “com­plete lack of gas sup­ply con­tract ne­go­ti­a­tions” dur­ing the UNC’s 2010–2015 term in of­fice.

“Not a sin­gle gas sup­ply con­tract was ne­go­ti­at­ed be­tween 2010 and 2015,” Young said.

“Worse, the UNC im­ple­ment­ed an in­cen­tive pol­i­cy that meant no rev­enue for gas from the largest gas sup­pli­er for the pe­ri­od 2015 to 2025.”

He added: “You will de­cide who you want to man­age Trinidad and To­ba­go on April 28, 2025. You will de­cide who will look af­ter, and fight for, the fu­ture of Trinidad and To­ba­go af­ter April 28, 2025.”

Young’s com­ments were his lat­est de­fence of the PNM’s man­age­ment of the en­er­gy sec­tor af­ter the Unit­ed States gov­ern­ment an­nounced it would not be re­new­ing Trinidad and To­ba­go’s li­cence to de­vel­op the Drag­on Gas Field in part­ner­ship with Venezuela.


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