Reports

The Oil & Gas Year Trinidad and Tobago 2019

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Key insiders interviewed for the book include:

More industry comments as well as articles and infographics are exclusive to the report, including interviews with:

  • Eugene Tiah, Chairman, Energy Chamber
  • DeNovo, CEO, Joel Pemberton
  • Neil BISSOON, Managing Director, Fugri Trinidad
  • Hafiz Ali, CEO, Weldfab
  • Sean Patience, Managing Director, Cargo Consolidators Agency

TOGY is pleased to present The Oil & Gas Year Trinidad and Tobago 2019, published in partnership with the Ministry of Energy and Energy Industries and the Energy Chamber of Trinidad and Tobago.

The Oil & Gas Year Trinidad and Tobago 2019 analyses this changing landscape and the approaches the country can take to maintain its competitive edge in the mid-to-long term, including the development of NiQuan Energy’s GTL plant and the establishment of the island nation as a logistics and training hub for Guyana’s burgeoning oil and gas industry.

This fifth edition covers efforts to resolve continued gas curtailments via cross-border deals and negotiations with Grenada, Venezuela and Guyana, as well as through renegotiated contracts between producers and the National Gas Company of Trinidad and Tobago, and new gas production from super-major BP and local player DeNovo Energy. The book also showcases the expansion of the main ports at Point Lisas and Galeota, NOC Petrotrin’s challenges and subsequent restructuring, and the domestic EPC landscape.

With gas coming on line from the startup of new developments throughout 2018, gas production has begun to rise steadily back up to previous levels. More gas is expected to come from offshore areas, such as acreage currently being explored by BHP Group. Trinidad and Tobago is awaiting the March 2019 start of commercial production at Caribbean Gas Chemical’s complex, which will increase the country’s competitiveness against other methanol producers in the Western Hemisphere. However, slowed gas production and feedstock supplies could potentially see the island nation pushed out of its position as the world’s top methanol producer.

The Caribbean energy landscape is also shifting, with countries such as Grenada, the Bahamas, Jamaica and, most notably, Guyana delving deeper into their own oil and gas activities, looking to offset production gaps resulting from the current instability of regional heavyweight Venezuela.

Extensive in-depth analysis is supported by comprehensive maps, illustrations and graphs to create a market guide essential for players seeking to either expand their operations in or enter the Trinidadian market.

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In this report

  • Franklin KHAN, Minister of Energy and Energy Industries Minister Khan on Trinidad’s energy future

    Franklin KHAN

    Minister of Energy and Energy Industries

    Ministry of Energy and Energy Industries

    Trinidad and Tobago, with over 100 years in the energy business, is prepared and willing to work with our regional and emerging Caribbean oil and gas economies as they develop their hydrocarbons resources.
  • Facilitate progress in Trinidad

    David SMALL

    Independent Senator

    PARLIAMENT OF TRINIDAD AND TOBAGO

    There is a huge opportunity for the service-level industry in Trinidad and Tobago to get business in Guyana.
  • Jerry C Brooks Gerry C. Brooks, chairman of The National Gas Company of Trinidad and Tobago NGC NGC’s developments in Trinidad and abroad

    Gerry C. BROOKS

    Business Development Manager

    RINA ENERGY GHANA

    By confining the group to Trinidad and Tobago, NGC will not optimise the value chain, which is international in scope and opportunity.
  • Trinidad’s gas puzzle

    Helena INNISS

    Executive director and energy consultant

    KRONUS GEOLOGICAL SERVICES

    We need to discourage any monopolistic tendencies in the industry in Trinidad and Tobago.
  • Banking on Trinidad’s energy industry

    Karen DARBASIE

    CEO

    FIRST CITIZENS BANK

    We have benefited from the fact that a lot of the multinational institutions are actually the major players in the sector.
  • Ronald SOLOMON, Area Manager, Caribbean BAKER HUGHES, A GE COMPANY BHGE on Trinidad’s oil and gas environment

    Ronald SOLOMON

    Area Manager - Caribbean

    BAKER HUGHES, A GE COMPANY

    We have good intellect, business sense, horsepower and experience down here, but we are lacking leadership and vision.
  • Mark LOQUAN, President of NATIONAL GAS COMPANY NGC’s strategy for better business

    Mark LOQUAN

    President

    NATIONAL GAS COMPANY

    We are embracing new technologies in all areas of company operations as we grow towards business sustainability.
  • DME opportunity in Trinidad

    Hiroshi KITA

    CEO

    CARIBBEAN GAS CHEMICAL LIMITED

    The CGCL plant is viewed in large measure as the catalyst for growth in [southwestern Trinidad].
  • Trinidad’s GTL future

    Ainsley GILL

    Group CEO and Director

    NIQUAN ENERGY

    NiQuan GTL is a clear demonstration that Trinidad and Tobago can successfully develop complex energy projects which use advanced processing technology.
  • More efficient port services in Trinidad

    Neil BUJUN

    Managing Director

    ASCO

    One major area of inefficiency for oil and gas companies is the logistics side, mainly because they don't share vessels and facilities.

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