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Trinidad and Tobago and its challenge to offset potential shortage in gas supply

29 March 2021 Fernanda Machado

Trinidad and Tobago is the largest LNG exporter country in Latin America, taking advantage in the past of its abundant offshore natural gas reserves. Nevertheless, gas field sizes typically are consistent and modest in a global context and additional discoveries above 5 Tcf of recoverable gas resource are considered to be unlikely. Looking forward, the scenario can be unsettling as Trinidad and Tobago is projected to face a steep decline in domestic gas supply by the mid-2020s. Two important material opportunities exist that could arrest the decline and offset potential shortage, yet costs and above-ground issues require attention. In this quick video, we talk about the natural gas supply in Trinidad and Tobago and how we envision the challenges the country will have to overcome.

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Posted 29 March 2021 by Fernanda Machado, Research and Analysis Associate Director, Upstream Solutions, S&P Global Commodity Insights

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