||Racha, Sandra (1998)
Over the last few years, the economy of Trinidad and Tobago has been transformed from an oil-based to a natural gas-based economy. Oil production and refining have been replaced as the main engine of growth and natural gas-based industries are deemed to be the new industries with the potential for growth in the future. The aim of this paper is to examine the nature of the transformation of the economy to a natural gas-based economy, and the strategies and policies that shaped the industry today. The paper looks at the benefits derived from this country's diversification efforts and some of the issues that must be considered by any country pursuing a gas-based strategy.