Trinidad and Tobago’s electricity generation is completely fired by fuel, but only 8% of its natural gas output is channelled to electricity generation. Directing the gas to its power stations deprives the country of potential revenues that could be gained from selling liquefied natural gas (LNG) as feedstock, especially given that only one of...
While the upstream sector is the main driving force behind the prosperity of Trinidad and Tobago’s energy industry, further efforts are needed to strengthen the downstream sector against challenging conditions. Increased shale gas output in the US has pushed down costs for processing fuel and feedstock for production, and lessened their...
The oil and gas industry has long been the driver of Trinidad and Tobago’s economy. In 2017 the petroleum sector accounted for 33.7% of GDP, according to the “Review of the Economy 2017” report by the Ministry of Finance. T&T plays an important role as a gas supplier for the Latin American and the Caribbean market, given that Peru is the...
To what extent can further regional integration foster growth in the natural gas market?
While state-owned oil company Petrotrin announced in the first half of 2018 that it would finalise plans to restructure its operations in order to increase efficiency, moderate losses and ramp up oil and gas production, as of early September 2018 the process had yet to take shape. Petrotrin has faced strong opposition from the Oilfield Workers...
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