Centrica awarded stake in Block 2AB off Trinidad and Tobago

Centrica PLC, parent of British Gas, said the Trinidad and Tobago Energy Ministry has awarded it a share of an offshore license as part of its bid in the Trinidad and Tobago onshore and shallow water bid rounds.

Eric Watkins
Senior Correspondent

LOS ANGELES, May 1 -- Centrica PLC, parent of British Gas, said the Trinidad and Tobago Energy Ministry has awarded it a share of an offshore license as part of its bid in the Trinidad and Tobago onshore and shallow water bid rounds.

Centrica will have a 32.5% interest in offshore Block 2AB near the Trinidad and Tobago coast and existing LNG export facilities.

Centrica will partner with Tullow Oil PLC, operator and holder of a 32.5% stake in the license, and with state-owned Petrotrin 35%.

Trinidad and Tobago is one of the largest exporters of LNG in the Atlantic Basin, currently accounting for about 80% of LNG imported into the US, said Centrica.

Contact Eric Watkins at hippalus@yahoo.com.

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