Trinidad and Tobago Newsday: Devil in the Details

13 June 2019

The first issue is with the statement, “Poten and Partners estimated that the country lost up to US$6 billion annually from transfer pricing practices during the period of 2010 to 2014.” This demonstrates a serious misunderstanding of the Gas Master Plan (GMP). Poten arrived at that number by assuming that all the LNG produced at Point Fortin was sold to a hypothetical market where realized prices were 12 per cent of Brent oil prices.

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