Trinidad and Tobago banking its future on natural gas, but energy policy still evolving

04/01/2002
Last in a series.Trinidad and Tobago has banked its future on natural gas.The Caribbean republic has set a target for economic growth that calls for it to achieve the status of a developed nation by 2020. And the fulcrum for leveraging that growth is natural gas-based industrial development and exports.By then, Trinidad and Tobago expects its hydrocarbon production to meet or exceed 1 million boe/d, according to the new minister of energy and energy industries, Eric A. Williams. That breaks out as 5 bscfd of gas and 160,000 b/d of crude oil and condensate. Production in 2001 reached 124,000 b/d of crude and condensate and 1.4 bscfd of gas.Gas production is expected to climb to almost 3.7 ...
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