LatinNews Daily Report - 20 November 2012

ECONOMY | New gas discovery for Trinidad & Tobago.  On 19 November, BP Trinidad & Tobago (bpTT) announced in London the discovery of a new one trillion cubic feet (tcf) find in the Savonette gas field, doubling the estimated capacity of the field.  The discovery is 80km off the south-east coast of Trinidad.  BP said: “This represents the largest discovery for bpTT since 2005”.  Energy Minister Kevin Ramnarine added: “[This] demonstrates that we are arresting the decline and bringing reserves into production...It demonstrates that the Columbus Channel continues to be a world class gas province.”