Natural gas to buoy Trinidad and Tobago petroleum sector

Journal Article · Mon Mar 01 04:00:00 EST 1993 · Oil and Gas Journal; (United States)

OSTI ID:6763885

Trinidad and Tobago's petroleum sector remains at a crossroads. While heavily reliant on oil and gas for domestic energy consumption and hard currency export earnings, the small Caribbean island nation faces some tough choices in reviving its hydrocarbon sector in the 1990s. Exploration and production of crude oil have stagnated in recent years, and domestic refinery utilization remains low at 36%. However, substantial natural gas reserves in Trinidad and Tobago offer the promise of a burgeoning natural gas based economy with an eye to liquefied natural gas and gas based petrochemical exports. Any solutions will involve considerable outlays by the government as well as a sizable infusion of capital by foreign companies. Therein lie some of the hard choices. The article describes the roles of oil and gas, foreign investment prospects, refining status, refining problems, gas sector foreign investment, and outlook for the rest of the 1990's.

• OSTI ID: 6763885
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 91:9; ISSN OIGJAV; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
CONSTRAINTS
ECONOMICS
ENERGY CONSUMPTION
ENERGY SOURCES
FLUIDS
FORECASTING
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDUSTRIAL PLANTS
INDUSTRY
INVESTMENT
ISLANDS
LESSER ANTILLES
LIQUEFIED GASES
LIQUEFIED NATURAL GAS
NATURAL GAS
NATURAL GAS INDUSTRY
NATURAL GAS PROCESSING PLANTS
PETROLEUM
PETROLEUM INDUSTRY
PETROLEUM REFINERIES
PRODUCTION
RESERVES
RESOURCES
TRINIDAD AND TOBAGO
WEST INDIES