Last week’s visit by US Deputy Secretary of State Christopher Landau seems to have been precipitated by a “historic high” in relations between his country and ours. He shared these sentiments at the ribbon-cutting for the Ibis Steel Plant. That plant was first opened in 1980 by ISCOTT and was leased to Caribbean ISPAT Ltd nine years later. The centrepiece steel plant remained as the company rebranded to “Mittal Steel” and finally “Arcelor Mittal Point Lisas” before it was shuttered in 2016.
A decade later, the Pinnacle Steel and Vanadium Corporation CEO announced an initial investment of US$250 million in the plant, with commercial production projected for the end of 2027. How much energy will this plant require, and from where will it come? This is a question that has been posed following the MoUs signed for the AI data centres. I am excited about the possibilities for our nation’s development, but do we have the resources to sustain them all?
The involvement of the American government is reassuring. If our 46-year-old steel plant can be retrofitted to produce 50 per cent of US vanadium requirements, thereby eliminating American reliance on imports from China and Russia, then we have a powerful partner that is very invested in Ibis Steel’s success.
Perhaps the stars are aligning when acting Venezuela President Delcy Rodriguez announced she had granted a licence to an international consortium led by BP for phase 2 development of their Loran field. This will direct an estimated 7 tcf of natural gas to Atlantic LNG’s waiting trains. Around 20 per cent of that is expected to be allocated to our local industrial feedstock. Is this a good enough answer to the energy supply questions asked of the anticipated vanadium plant and data centre projects?
PM Kamla Persad-Bissessar announced NGC’s acquisition of 20 per cent active operating interest in the Manakin field, which matches the 20 per cent stake it already has in Cocuina. Twenty-five per cent of the gas from the unitised Manakin-Cocuina field is expected to supply our domestic and industrial consumption. Is this reassurance enough?
Also, BP’s acquisition of Woodside’s interest brings their operating interest to 100 per cent of the Calypso gas project, which holds an estimated 4.4 tcf and should fast-track development. When will these various-sized golden geese start laying eggs, though? “2027” keeps recurring. Perhaps next year is when the “better days” will come.
Is that soon enough, though? The CSO indicated that our unemployment rate for the first quarter of 2026 was 5.4 per cent, the highest under this Government to date. It stood at 4.9 per cent in the first quarter of 2025. Does the public feel they are better off today than they were a year ago? I know a particular group of people who would scream: “Not at all!” I also know another group who would say: “Steups. You expect the Government to fix 10 years of failure in 1 year?”
Last week, TTUTA (a union made up of both groups and others) held a virtual town hall meeting entitled: “Salary Agreement 2020-2023.” With a couple of weeks to go until school reopens, would the TTUTA leadership risk PDOs by copying PSA protest action seen outside WASA last week?
Government’s entanglement with PSA president Felisha Thomas and WASA employees like Twiggy seems to be wearing thin. Perhaps my former trade union, TTUTA, could learn from the PSA and seek some sort of accommodation with the Government. It worked for the PSA last year. Maybe they will do nothing, just like they did last time.
Last week, both unions had Minister Barry Padarath as their line minister. Perhaps Minister Padarath was able to advance the cause of the teachers, as the most high-profile all-purpose member of the Cabinet.
Conversely, Energy Minister Dr Roodal Moonilal has been noticeably absent from a glaring number of recent energy-related announcements. He surfaced late last week to contradict Land and Legal Affairs Minister Saddam Hosein, when he said hundreds of acres of former Caroni (1975) Ltd lands from St Madeleine to Picton were being cleared for one of the data centres. Minister Hosein had earlier said residential lots were being developed there for the former Caroni workers. So, which is it? The eventual outcome will be quite instructive. Residents of nearby Ridgewood Gardens seem most interested in knowing which is coming but indicated greater concern if it was a data centre. Minister Moonilal seemed straightforward in his response and expected the data centre’s positives to prevail.
Last week, communities in Couva, Claxton Bay and California were hit by floods, as well as areas in Northwest Trinidad. Affected citizens criticised the Government for failing to maintain rivers and watercourses. Government officials blamed indiscriminate dumping and unregulated housing developments. As I said before, maybe one or two of those data centres in these flood-prone areas might solve that problem through FDI that would either make full use of the water or at least ensure there’s no flooding where their assets are located.
