News

Trinidad: Natural Gas, Oil Production Drive Energy Sector Growth

By: Caribbean Journal Staff - March 17, 2014

Above: Port of Spain (CJ Photo)

By the Caribbean Journal staff

Trinidad and Tobago’s energy sector grew by 2.4 percent in the last quarter of 2013, according to data from the Ministry of Energy and Energy Affairs.

That number was in line with a recent estimate by the country’s Central Bank, which similarly pegged the sector at 2.4 percent growth.

“This growth was driven by higher natural gas output and high oil production,” the Energy Ministry said in a statement released on Monday. “The growth in the fourth quarter comes on the heels of the end of the largest maintenance programme in the history of the country that was conducted by BP, BG, Point Lisas companies and Atlantic and coordinated by the NGC and the Ministry of Energy and Energy Affairs.”

Energy Minister Kevin Ramnarine said the country’s natural gas production would emphasize four areas: the coming on to production of the BP Savonette 7 well, the launch of BP’s Juniper development, drilling on Amherstaia by BP and the BG/Chevron Starfish development.

As for oil production this year, Ramnarine said the emphasis would be on Petrotrin “with a focus on Trinmar.”

Trinidad’s Energy Ministry was to hold its annual technical meeting with global energy giant BP to discuss the company’s “medium-term plans,” it said.

Popular Posts the sexiest beaches including this resort at atlantis

The Sexiest Beaches in the Caribbean to Visit Right Now 

One is a beach with a nightclub-style pool right next door. Another is filled with beach bars — and even has its own au natural corner. Then there’s a beach that’s practically a nonstop party.  There are so many things that […]


The Best Caribbean Islands to Visit This Summer, From Antigua to St Croix

verandah antigua

We’ve been saying it for years, and we’ll keep saying it: in some ways, the Caribbean is even better in the summer months. The water is warm. It’s a bit less crowded, a little bit quieter. At night, the trade […]


The Winners of the 2024 Caribbean Green Awards 

caribbean green

With almost 20,000 votes, the winners of the Caribbean Green Awards 2024 Presented by E-Finity have been crowned.  From state-of-the-art marine conservation projects to hotels that are redefining sustainability, the Green movement has never been stronger in the Caribbean.  “This […]


Related Posts dominica fort young

American Airlines Is Adding More Daily Nonstop Flights to Dominica

Fresh off the news that American Airlines would be running daily flights to Dominica for much of the summer, the world’s largest airline has plans to extend that service.  American Airlines already announced that it would be operating daily nonstop […]


Dominican Republic Cruise Tourism Keeps Growing 

celebrity cruises ship docked at port

It’s no secret that the Dominican Republic is the most popular destination in the Caribbean, as measured by air visitors.  But the country’s cruise industry has quietly been seeing rapid growth, too.  Indeed, the Dominican Republic welcomed just under 867,000 […]


Wyndham Opens Dominican Republic All-Inclusive, Plans Second Resort in Punta Cana 

punta cana dominican republic trees with beach

Pristine beaches, lush rainforests and winding rivers; the Dominican Republic’s Samana peninsula is a haven for nature lovers and those in search of a more untouched Caribbean.  Now, the area has a new resort, combining all-inclusive convenience with easy access […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You