Trinidad’s Natural Gas Production Continues Downward Trend

The government of Trinidad and Tobago has been slow to alter its fiscal regime amid the ongoing reality that the country’s natural gas reserves could run out in less than 10 years, data provided in BP’s Statistical Review of World Energy shows.

Trinidad’s Natural Gas Production Continue Downward Trend

bpTT announced in May the return of the Joe Douglas jackup rig which will arrive in Trinidad in September and begin drilling operations in the fourth quarter. A consortium composed of BP nd Repsol, the company operates 16 offshore facilities and two onshore processing facilities and accounts for approximately 50% of Trinidad and Tobago’s natural gas production. (Source: bpTT / BP Plc)

Trinidad and Tobago’s natural gas production is back on the decline after two consecutive months on the uptick.

Gas production reached 2.77 Bcf/d in February, down 4% sequentially compared to January, according to the most recent data published by the country’s Ministry of Energy and Energy Industries (MEEI).

The twin-island gas producer’s production in November 2021 fell month-over-month before rising in December 2021 and January 2022. However, production in February is down 3% compared to the same year ago month, according to the MEEI data, but still higher than the low point last year of 2.34 Bcf in August 2021.

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Pietro Pitts

Pietro Donatello Pitts is a senior energy reporter for Hart Energy. He covers Latin America and the Caribbean as well as regions from North America to Europe, Africa and Asia. He covers topics spanning from the upstream, midstream and downstream sectors to the energy transition and geopolitical events impacting the global energy sector.