Americas News
T&T Port Called "Energy Hub" for Region
A new Trinidad and Tobago port is designed as an "energy hub" for the southern basin region, including Venezuela and Guyana, Trinidad and Tobago Newsday reports.
Port Galeota in Guayaguyare, Trinidad and Tobago, officially opened Friday.
"Port of Galeota has the potential for expansion of trade between Trinidad and Tobago and South America and the wider Caribbean, which can facilitate the development of the energy services sector," said Minister of Energy Kevin Ramnarine, speaking on behalf of Prime Minister Kamla Persad-Bissessar.
Ramnarine said the government envisions Point Galeota becoming a city, following the examples of major metropolises like New York and Singapore that grew thanks to their ports.
The facility includes five berths, eight hectares of back-land, and more than seven metres of dredge depth.
A second phase of the port development, planned to start next year, will add seven more berths.
The facilities are already being used by BP TT, BHP Billiton, Trinity Exploration and Production, and Repsol.
The port will support oil majors and service companies as increased exploration of energy resources in Guyana adds to the demand in the region, according to the website of the National Gas Company of Trinidad and Tobago Ltd.
