(Piero Stewart, Energy Analytics Institute, 25.Dec.2024) — Natural gas production in Trinidad and Tobago averaged 2.497 billion cubic feet per day (Bcf/d) in Sep. 2024, down 7.2% sequentially compared to 2.691 Bcf/d in Aug. 2024, the Ministry of Energy and Energy Industries (MEEI) announced in its most recent ‘Consolidated Monthly Bulletins.’
Gas production in Sep. 2024 is down 1.9% compared to 2.545 Bcf/d in Jan. 2024, the MEEI said in its bulletin released on 12 Dec. 2024 that presents data that spans from Jan. 2024-Sep. 2024.
In the Trinidad gas space, production is dominated by BPTT, which was responsible for 48% of Trinidad’s gas production in Sep. 2024. Thereafter, the largest gas producers are Shell, EOG Resources, and Woodside Energy and in that order.
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Combined, BPTT, Shell, EOG and Woodside were responsible for 2.383 Bcf/d or 95% of Trinidad’s gas production in Sep. 2024, according to data compiled by Energy Analytics Institute (EAI) from MEEI’s bulletin.
It should be noted that Trinidad’s gas production peaked at 4.515 Bcf/d in Feb. 2010, according to MEEI data. That’s to say, Trinidad’s gas production in Sep. 2024 is down 44.7% compared to Feb. 2010.
Trinidad’s source gas issue
Trinidad continues to suffer from a scarcity of gas to fully anchor its small twin-island economy.
In Trinidad, the liquefied natural gas (LNG) sector is the largest user of gas. The LNG sector’s utilization percentage was 42% in Sep. 2024, driven by the feedgas needs of the massive Atlantic LNG export facility, which recently announced a long-awaited restructuring agreement. Thereafter, other main sectors that use gas in Trinidad include: methanol, ammonia, and power.
However, these 4 main sectors in Trinidad have been hampered by a scarcity of gas. And, a number of plants have been closed owing to this lack of gas feedstock. Recent deals between the governments of Trinidad and neighboring Venezuela hold promise for the twin-island country to import gas from offshore Venezuela that is currently stranded.
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By Piero Stewart reporting from Caracas with assistance from Pietro D. Pitts in Houston. © Energy Analytics Institute (EAI). All Rights Reserved.
