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Trinidad and Tobago’s Energy Industry

Hon. Stuart YOUNG

Minister of Energy and Energy Industries


There is tremendous potential for regional energy security integration. Trinidad and Tobago, Guyana and Suriname need to lead the charge.
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Trinidad and Tobago’s Energy Industry In Figures

Oil reserves200 million barrels

Oil production77,000 bopd

Gas reserves300 bcm

Gas production24.7 bcm

Trinidad and Tobago

Transition in the Caribbean Oil & Gas Sector

Trinidad and Tobago’s oil and gas industry has had operations for more than a century and now supports the largest hydrocarbons production in the Caribbean. In the 1990s, the country successfully transitioned from an oil-dominated industry towards becoming a major gas producer. The country sits in the top ten list of LNG exporters in the world, with one of the largest LNG processing plants in the Western Hemisphere. The energy industry remains a key pillar for the economy, representing around 45% of its GDP despite the country’s efforts to diversify its industrial output. The upstream sector is overseen by NOC National Gas Company and has attracted many international stakeholders such as BP, Shell, Proman, Perenco and BHP.

Due to a slowdown in upstream investment, the island has experienced a decline in natural gas production since 2014, something expected to continue in the near term. Because the country has such an abundant pool of gas resources, its gas processing and petrochemicals sectors have thrived. However, severe gas shortages in recent years have forced several midstream and downstream companies, including Atlantic and Methanol Holdings, to scale back activity. While traditional hydrocarbons reserves have dwindled, the island nation has made significant recent finds in its deepwater blocks to balance the country’s gas reserves with its production rate.

“The government is securing investors for the new industrial estates in its drive to expand foreign direct investment, diversify the economy and to create employment opportunities for the people of Trinidad and Tobago. The focus on the energy industry is to increase production of both oil and natural gas,” Franklin Khan, former minister of energy and energy industries, told The Energy Year. “We are now in full thrust towards a trajectory of sustained growth and development and contributing to our sovereign wealth whilst stimulating foreign direct investment in our economy. It is a clear signal that our energy sector is the place to invest.”


Trinidad and Tobago’s Energy Industry Interviews and News

Stakes juggled at Trinidad’s Atlantic LNG facility
Trinidad and Tobago - December 06, 2023

Energy giants Shell and BP are changing their stakes in Trinidad and Tobago’s Atlantic LNG facility in a bid to return to full…

Drilling dynamics and economics in Trinidad Anthony-BRASH
Trinidad and Tobago - December 05, 2023

Anthony Brash, managing director of Well Services Petroleum Company, talks to The Energy Year about the company’s main recent…

Trinidad moves towards hydrogen production
Trinidad and Tobago - December 04, 2023

Trinidadian conglomerate ANSA McAL has signed an MoU with local renewables company Kenesjay Green (KGL) to develop green energy…

Shell awards McDermott EPCI works for Trinidad gasfield
Trinidad and Tobago - November 28, 2023

Shell has awarded McDermott the engineering, procurement, construction and installation (EPCI) contract for its Manatee…


Trinidad and Tobago maps

Trinidad and Tobago Upstream Activity Map 2022

Trinidad’s Blewstream, Coastal Dynamics form emissions JV
Trinidad and Tobago - November 24, 2023

Trinidad-based global professional services network Blewstream has joined with local environmental consulting firm Coastal…

Venezuela ups production in a return to the oil game
Venezuela - November 24, 2023

Venezuela has upped oil production to 850,000 bpd with the goal of reaching 1 million bopd, the country’s oil minister said on…




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