Exploration & Production

Trinidad’s LNG exports to receive upstream boost

Changing fortunes will see Trinidad’s LNG exports increase after years of decline, while gas demand from the petrochemical sector is also set to rise Changing fortunes will see Trinidad’s LNG exports increase after years of decline, while gas demand from the petrochemical sector is also set to rise.
By Abhishek Kumar 24 October 2017 0 28035
The Trinidad Onshore Compression project BP Trinidad & Tobago starts up the Trinidad Onshore Compression project. (BP)

Favourable upstream developments in Trinidad and Tobago have reduced the feedstock crunch faced by the country’s LNG plants and are already supporting exports. The greater availability of gas will also boost demand from Trinidad’s petrochemical industry – a vital source of export revenues for the country. However, Trinidad’s rising exports will exacerbate the oversupply in the global LNG market, which will be a bearish signal for spot prices.

BP has taken the lead in reversing the declining trend in Trinidad’s gas output. In August, it started...