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Trinidad research trip takeaways: can exploration reverse gas declines?

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28 July 2017

Trinidad research trip takeaways: can exploration reverse gas declines?

Report summary

Trinidad and Tobago has been experiencing gas production decline since 2015. Insufficient feedgas has lowered Atlantic LNG utilisation and strained the domestic petrochemical market, leading to the closure of two methanol plants. We recently returned from our annual research trip to Port of Spain, Point a Pierre, and Point Lisas in Trinidad and Tobago. We met with E&P companies, government agencies, and industry stakeholders to assess the state of the industry. We addressed the following questions in our interactions. Will Juniper solve the gas shortfall or is it a temporary fix for ongoing gas curtailments? Do Savannah and Macadamia signal the start of a new exploration era in Trinidad? What is the impact of Venezuela on Trinidad's gas strategy? Look for answers in our latest insight.

Table of contents

  • In the thick of the gas shortfall
  • A shallow water, stranded gas solution
  • Will technology transfer to exploration success?
  • Venezuela: an anticipated gas partner

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