T&T Chamber Seeks Clarity on Gas Allocation for Steel Plant Restart
The Trinidad and Tobago Chamber of Commerce and Industry is calling on the National Gas Company of Trinidad and Tobago Ltd (NGC) to provide clarity on how natural gas will be allocated to new and existing industrial projects, including the planned restart of the Point Lisas steel plant.
US-based metals and industrial investment company Pinnacle Steel and Vanadium Corporation is targeting first production at the plant by the end of 2027. The Chamber believes the project could help restore industrial capacity, create jobs, generate foreign exchange, and strengthen Trinidad and Tobago's position in higher-value steel and critical-minerals supply chains.
The availability and allocation of natural gas will be critical to the project's success, according to the Chamber. They are urging NGC to provide a clear framework for allocating gas supplies, ensuring that both new and existing plants have a fair share.
The successful execution of the project depends on more than just investment, including clear timelines, reliable energy supply, workforce development, and opportunities for local businesses. The Chamber is eager to work with Government, investors, and other stakeholders to support the project's implementation and retain as much economic value locally as possible.