Trinidad And Tobago Energy Information

Trinidad And Tobago Energy Research

- Trinidad and Tobago's Energy & Climate Policy Framework: The government prioritises increasing oil and gas production while exploring renewable energy and energy efficiency measures. It oversees the sector through competitive bid rounds and regulations, aiming to diversify the energy mix and reduce emissions. Recent agreements and fiscal incentives support these goals.

- Trinidad and Tobago's Energy Companies: BP and Shell dominate Trinidad and Tobago's energy sector, with BP leading in natural gas production and both companies operating key LNG facilities. PowerGen and state-owned entities lead electricity generation, while Petrotrin's restructuring has reshaped the oil sector. Perenco is expanding its gas and oil assets, and NGC manages gas transmission. The Pointe-à-Pierre refinery remains mothballed pending a 2026 restart decision.

- Trinidad and Tobago's Energy Supply & Demand: Trinidad and Tobago, Latin America's top LNG producer, relies heavily on gas for energy, with consumption declining since 2022. Gas reserves are depleting, and electricity generation is predominantly gas-powered. Oil production has halved since 2010, with refinery closures impacting supply. LNG exports, though significant, face supply constraints. GHG emissions have decreased since 2010, aligning with global trends.

- Trinidad and Tobago's Energy Use & Price by Sector: "Petrochemicals dominate energy use (76%), with low fuel and electricity prices. Demand fell 1% in 2024, driven by gas (83%). Industry and transport saw slight increases, while residential use grew 3% since 2019."

- Trinidad and Tobago's Issues & Prospects: Trinidad and Tobago aims to boost gas production to maintain its global position, despite declining reserves. Key projects like Manatee and Dragon are progressing, with US sanctions impacting cross-border developments. The government also explores green hydrogen, targeting 2026 for a pilot project.

Trinidad And Tobago Total Energy Production & Consumption

Total energy consumption has been decreasing since 2022 (-3%/year), reaching 14.8 Mtoe in 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 toe in 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 has been declining by 4.3%/year from its 2010 peak to 2021, and grew by around 6% in 2022, and 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 developed in 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