ABSTRACT
This chapter presents the Trinidad and Tobago (T&T) Model of value addition from natural gas, its characteristics and the lessons Ghana and other African countries can learn from it. It undertakes a critique of the policy-making and decision-making system of T&T’s energy sector, including implementation of programmes. Moreover, investment strategies in using oil revenues for gas development and gas revenue for human resource development are illustrated. Also addressed are T&T’s effective analyses of the industry’s value chain as well as supply and demand factors to achieve optimal benefits. In this context, T&T’s state sector participation in the oil and gas (O&G) value chain is highlighted. Furthermore, T&T’s use of innovative strategies through local value-added building blocks and in natural gas development to meet changing market requirements, and sustain a competitive advantage in the industry are discussed. The chapter concludes with how T&T is leveraging its strengths for sustainability by becoming an energy services exporter, among other strategies.
