Trinidad and Tobago Energy Sector Statistics

NATURAL GAS UTILIZATION BY SECTOR

In 2009, once again the majority of Trinidad and Tobago natural gas was used for the production of LNG. LNG production accounted for just under 60 percent of the natural gas utilized over the year. On average LNG utilized 2,268 million standard cubic feet of gas per day (mmscf/d) of the total 3,835 mmscf/d 2009 average. This 3,835 mmscf/d of natural gas was utilized by several other sectors including iron and steel, refinery, cement manufacturing, urea and even gas processing. Ammonia and methanol production plus power generation were the other sectors which utilized the most natural gas other than LNG.

METHANOL PRODUCTION AND EXPORT IN 2009

In 2009, at the beginning of the year methanol production declined significantly lagging far behind exports. However, production soon returned to normal and by year's end total production stood at 6,120,247 million tonnes while exports totaled 6,168,256.

AMMONIA PRODUCTION AND EXPORT IN 2009

For 2009, ammonia exports and production tailed each other closely except in December when production surpassed exports by 128,188 million tonnes (mt). For the year, ammonia production totaled 5,493,794 mt while exports totaled 4,892,673 mt.

NATURAL GAS PRODUCTION AND UTILIZATION

Over the past five years, Trinidad and Tobago's natural gas production and utilization has risen steadily. In 2005, the country produced 3,219 million cubic feet (mcf) of gas per day while utilizing 3,033 for LNG, electricity generation and to power petrochemical production. Every year, over the five year period, production and utilization has increased, except in 2008 where utilization decreased marginally.
The difference between production and utilization is due to product storage and liquids production.

BOOSTING FUTURE OIL PRODUCTION

Over the past three decades, Trinidad and Tobago's oil production has declined significantly. In 1980 the country's annual oil production averaged 212,057 barrels of oil per day (bopd). By 2009, this figure has declined by almost 100 percent to 107,169 bopd.
This trend points to the need for sustained exploration especially for onshore oil. Companies can mobilize much more quickly for onshore production and more jobs will be provided at a time when employment in the sector is not at its peak. Late last year, as part of its onshore revitalization programme, Petrotrin farmed out seven of its eastern fields/licenses.

Commodity Index Graph

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