Trinidad & Tobago energy report
This analysis includes a comprehensive Trinidad & Tobago energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2018 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Institutions & Energy Policy
The Ministry of Energy and Energy Industries supervises the energy sector.
The marketed production of gas has decreased by 22% since its peak in 2010 (43 bcm) and 2017 (33.5 bcm). In 2018, production rebounded by 8.4% to 36.2 bcm. According to preliminary data from the MEEI, gas production in 2019 was around 37 bcm. Before 2010, production had been increasing very rapidly (around 10%/year over 1990-2010).
The price of diesel and gasoline has increased significantly since 2016 due to a removal of subsidies. The price of premium gasoline reached US$0.73/l in 2018 (+55% compared to 2016) and that of diesel US$0.50/l (+66%). Motor fuel prices are generally lower than in neighbouring countries.
Graph: GASOLINE & DIESEL PRICES (US$/l)
The country ranks second worldwide in terms of per capita energy consumption (12.6 toe, i.e. 10 times the average for Latin America and the Caribbean). Electricity consumption per capita is approximately 7 680 kWh (2018). This exceptionally high level of energy consumption per capita is explained by the existence of energy-intensive industries (ammonia, methanol, fertilizers and aluminium).
Issues & Prospects
Today, the gas reserves over production ratio seems insufficient to meet the rate of development and the growth in domestic consumption (5 years, vs 38 years in 2000). A reduction in supply could lead to an increase in costs, which would undermine the competitiveness of downstream industries (ammonia and methanol).
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
Below is a list of the Trinidad & Tobago energy market report graphs:
- GRAPH 1: CO2-energy Emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2018, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2018, %)
- GRAPH 5: Gasoline & diesel prices (US$/l)
- GRAPH 6: Electricity prices for industry and households (US$c/kWh)
- GRAPH 7: Consumption trends by energy source (Mtoe)
- GRAPH 8: Total consumption market share by energy (2018, %)
- GRAPH 9: Final consumption market share by sector (2018, %)
In the Trinidad & Tobago energy market report you will find the following tables:
- Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
- Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source
- Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
- Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
The Trinidad & Tobago energy market data since 1990 and up to 2018 is included in the Excel file accompanying the Trinidad & Tobago country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Trinidad & Tobago Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Trinidad & Tobago energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).
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