was in 1973 that the world experienced the first oil-price shock.

It was spurred by the Yom

Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.
With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.
The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.
Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.
With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.
The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.
Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!
As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.
Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!
As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.
Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.
During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.
That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.
What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.
It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.
At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.
As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.
This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.
Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.
In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.
With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.
With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.
The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.
Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.
With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.
The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.
Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!

As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.
was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom
Kippur War in the Middle East in which the Americans and other Western countries
supported Israel in its war against Egypt and Syria.

This led to crude prices quadrupling to US$12 a barrel and an embargo against export from
the Middle East to many western countries.

It was around the same time, the then Amoco, brought on its billion-barrel Teak, Samaan, and
Poui fields off Mayaro. The combination of price and production, as well as, the second price
shock led to what many refer to the oil boom that T&T witnessed in the 1970s.

During the oil boom there was significant economic expansion.

The country saw the construction of many major highways, the Eric Williams Medical
Sciences Complex, the Hasely Crawford Stadium and many of the secondary schools.

The Point Lisas Industrial Estate was started, water and electricity was expanded, there were
significant wage increases, people moved out of agriculture, and whatever agriculture
remained, such as Caroni 1975 Ltd, was heavily subsidised.

In short, money flowed like water in this country, and a lot of it was neither used efficiently
nor invested wisely.

As happens with all commodities, particularly oil and gas, there is the boom and bust cycles,
and to be honest since the TSP discoveries, the country has never had the same exploration
success in crude oil.

What happened is that Amoco drilled looking for oil and instead found large amounts of
natural gas.

Natural gas is different to oil in terms of its development. With oil, because it operates in a
global market in which the price of the commodity is known by everyone and has less
arbitrage, it is possible to simply produce the oil and put it on a ship, selling it on the
international market as it heads to a refinery.

With natural gas, initially, you had first to develop a project. This project required the
identification of an end user. So for Amoco, which would then become bpTT, the strategy
had to be if they are going to produce the gas, explore for the gas, and bring it to market, it
must mean that they can sell it.

Some may go to petrochemicals, but a lot it was determined could be sold on a long-term
contract as LNG.

At the time, there was a captive market for LNG in the US and other parts of Europe.
Technology and large quantities of relatively cheap natural gas significantly contributed to
what would be a project of projects.

That is what Train 1 was to this country. Make no bones about it!
As a specialised energy journalist, I covered the Atlantic LNG Train 1 story up close. I was
invited to tour the plant during its construction and was at the official opening.

Atlantic made major changes to things we take for granted, like the level of construction
safety on large projects, drug testing, and requirements for harnesses, hard hats and boots.