Trinidad & Tobago: Energy sector contracts
Trinidad and Tobagos Point Fortin LNG terminal. PHOTO/File
The energy sector in Trinidad & Tobago contracted in the first quarter of 2012, according to the mid-year Financial Stability Report of the Central Bank.
“Preliminary data indicates that domestic economic activity remained sluggish in the first quarter of 2012. Preliminary data from the Trinidad & Tobago Ministry of Energy suggests that, despite a substantial uptick in exploration activity, the energy sector may have contracted slightly in the first quarter of 2012.”