BP Trinidad and Tobago (BPTT) is developing Juniper, a major offshore natural gas project off the south-east coast of Trinidad. Juniper is significant in many different respects. For T&T the project is vitally important; it promises to help close the natural gas supply deficit that has affected the downstream and liquified natural gas (LNG...
In light of the fall in global oil prices, the government of Trinidad and Tobago has proposed a series of ambitious reforms. Keith Rowley, the recently elected prime minister, has raised the possibility of amending the tax code to better reflect the current state of the energy sector. The move has been lauded by oil executives, who believe...
To what extent is the decrease in T&T’s oil and gas production linked to the decline in commodity prices being observed currently?
How is the Natural Gas Master Plan 2014-24 significant for the future of T&T’s energy sector?
Due to the country’s abundant low-cost hydrocarbons, Trinidad and Tobago has historically given a low priority to the development and use of alternative and renewable energy sources. That same high dependence on oil and gas has placed the country comparatively high up on global rankings in terms of greenhouse gas (GHG) emissions.
For the past four decades the energy sector has been the backbone of Trinidad and Tobago’s economy. On average, the industry’s contribution to national GDP has been around 40%, although this has ranged from a high of 50.8% in 2008 to a low of 32.1% in 2015. In the fourth quarter of 2015 GDP was down 3% year-on-year, reflecting a 5% contraction in the energy sector. In addition to lower prices...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×