Young warns of energy sector fallout

The closure of Nutrien’s operations at the Point Lisas Industrial Estate in Trinidad has sparked significant concerns over the management of the country’s energy sector. Former Energy Minister and Prime Minister Stuart Young attributed the shutdown to what he termed “unfortunate mismanagement,” warning of its potential to undermine Trinidad and Tobago’s global competitiveness. The shutdown, confirmed on October 23, has already begun to disrupt the supply of carbon dioxide (CO₂) to local and regional manufacturers, including those in the carbonated beverage industry, a key export sector for the nation. Nutrien cited port access restrictions and unreliable natural gas supply as primary reasons for the decision, which has impacted its Trinidad Nitrogen operations’ cash flow over an extended period. Despite the closure, Nutrien remains confident in meeting its 2025 nitrogen sales targets, supported by its North American production. Young emphasized the critical role of the energy sector as a major foreign exchange earner and employer, stressing the importance of maintaining investor confidence and fostering respectful relationships with energy companies. He criticized the current government for failing to uphold these principles, warning of potential long-term plant closures and broader economic fallout.