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Survey of Energy Resources 2007

Natural Gas Country Notes

Trinidad & Tobago

Proved recoverable reserves (bcm)

532

Production (net bcm, 2005)

30.6

R/P ratio (years)

16.5


Trinidad's WEC Member Committee reports proved reserves of natural gas as 18.78 tcf (531.8 bcm). Most published sources quote very similar levels, the only exception being Oil & Gas Journal, which gave the equivalent of 733 bcm for end-2005, although subsequently it has quoted 532 for end-2006.

Marketed production of gas has increased rapidly during recent years, as exports from the Atlantic LNG plant (inaugurated in 1999) have built up. Local consumption is also on the increase, reflecting a government policy of promoting the utilisation of indigenous gas through the establishment of major gas-based industries: fertilisers, methanol, urea and steel. In 2004 the chemical and petrochemical industries accounted for about 63% of Trinidad's gas consumption, power stations for 20% and other industry (including iron and steel) for 9%; the balance of consumption is accounted for by use/loss within the gas supply industry.