Trinidad And Tobago Energy Information

Trinidad And Tobago Energy Research

- Trinidad and Tobago's Energy & Climate Policy Framework: Trinidad and Tobago's energy policy focuses on boosting oil and gas production while exploring renewables and energy efficiency. The state oversees the sector, with competitive bid rounds for exploration and production. Recent fiscal incentives and production-sharing agreements aim to increase government revenues. Renewable energy potential, including wind and solar, is being assessed, though a clear policy is yet to be defined. The country also targets a 15% reduction in GHG emissions by 2030, with investments in industry, power generation, and transport.

- Trinidad and Tobago's Energy Companies: BP leads in gas production, with Perenco acquiring fields. Shell and BP dominate LNG. PowerGen is the largest electricity generator. Petrotrin was restructured into four state-owned entities. NGC manages gas transmission.

- Trinidad and Tobago's Energy Supply & Demand: Trinidad and Tobago, Latin America's top LNG producer, relies heavily on natural gas for energy, with declining production and consumption trends. Gas dominates the energy mix, while oil production and reserves also face challenges. Electricity generation is primarily gas-powered, with limited renewable capacity. LNG exports remain significant, though constrained by supply issues. GHG emissions have decreased since 2010, but the country maintains high per capita emissions.

- Trinidad and Tobago's Energy Use & Price by Sector: "Petrochemicals dominate energy use, with low fuel and electricity prices. Demand has declined since 2010, with gas leading consumption. Industrial and transport sectors show varied trends, while residential prices remain stable."

- Trinidad and Tobago's Issues & Prospects: Trinidad and Tobago aims to boost gas production, including developing cross-border fields, to secure domestic supply and maintain competitiveness in key industries. New projects, such as Manatee and Dragon, are progressing despite US sanctions and political challenges. The government also explores green hydrogen as a future energy source.

Trinidad And Tobago Total Energy Production & Consumption

Total energy consumption has been decreasing since 2022 (-3%/year), reaching 14.8 Mtoein 2024 (same as 2020's level). It had surged from 6 Mtoe in 1995 to 20 Mtoe in 2010 (+8%/year) and stabilised until 2015; after a 12% fall in 2016, it averaged 17 Mtoe until 2019. The country ranks third worldwide in terms of per capita energy consumption (10.8 toein 2024), around 8 times the average for Latin America and the Caribbean, due to its oil and gas sector.

Graph: Primary Consumption Trends by Energy Source

Source: Trinidad and Tobago energy report

Interactive Chart Trinidad And Tobago Total Energy Production & Consumption

Source: Global Energy & CO₂ data

Trinidad And Tobago Oil Production & Consumption

Total oil production declined by 5.3% in 2024 to 3.3 Mt (half its 2010 level), after a rapid decrease from a peak at 8.5 Mt in 2006 (-61% or -5%/year). The rapid decrease is mainly explained by a fast decline in the production of the Angostura field and a rapid collapse in the production of Trinmar. In 2021, the Ruby offshore field (Block 3a) started producing; it should produce 16 kb/d of oil and 875 mcm/year of gas. Around 75% of the oil production is exported (2.5 Mt in 2024).

Source: Trinidad and Tobago energy report

Interactive Chart Trinidad And Tobago Crude Oil Production & Consumption

Source: Global Energy & CO₂ data

Interactive Chart Trinidad And Tobago Refined Oil Products Production & Consumption

Source: Global Energy & CO₂ data

Trinidad And Tobago Natural Gas Production & Consumption

The marketed production of gas has decreased by 2%/year on average since 2010 to 27 bcm in 2024 (+2.9% over the first 8 months of 2025). It declined by 4.3%/year from its 2010 peak to 2021, then grew by around 6% in 2022 and has decreased by 3%/year since then. Before 2010, production had been increasing very rapidly (11%/year over 1990-2010).

Source: Trinidad and Tobago energy report

Interactive Chart Trinidad And Tobago Gas Production & Consumption

Source: Global Energy & CO₂ data

Trinidad And Tobago Renewable in % Electricity Production

Despite the need for diversification, a clear renewable policy has not yet been defined.

A Strategy for the Development of Wind Energy in Trinidad and Tobago was developedin 2023, identifying 9 onshore development zones and estimating the wind potential at 2.75 GW onshore and 32 GW offshore.

The government plans to issue requests for proposals for developing solar PV projects on designated non-used state lands, with a potential of up to 300 MW.

Source: Trinidad and Tobago energy report

Interactive Chart Trinidad And Tobago Share of Renewables in Electricity Production (incl hydro)

Source: Global Energy & CO₂ data

Trinidad And Tobago GHG emissions and CO₂ emissions

In its NDC, the country aims to achieve a conditional reduction of 15% in GHG emissions by 2030 from a BAU case (reduction of 103 MtCO2eq); investments of US$2bn would be required to meet this objective, to be financed both through domestic funds and the international Green Climate Fund. Around 70% of this reduction should be achieved in industry (investments evaluated at US$320m), 28% in power generation (US$945m), and 2% in transport (2.6 MtCO2eq, US$735m).

Source: Trinidad and Tobago energy report

Interactive Chart Trinidad And Tobago CO₂ emissions

Source: Global Energy & CO₂ data