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...
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