The seeming current decline in its volumes of crude oil produced by Trinidad and Tobago has not exhausted the country’s fossil fuel resources according to the research source, Natural Gas World. A September 24 disclosure by the entity has indicated that seven natural gas recovery projects are expected to get underway in the twin-island Republic between this year and 2025.
Once these projects bear fruit, the country, reportedly, is assured of remaining firmly in the fossil fuel ‘game,’ rather than become relegated by the recently discovered oil and gas resources of its sister Caribbean Community (CARICOM) countries, Guyana and Suriname.
A September 24 report on Trinidad and Tobago’s current natural gas pursuits outlines the economic potential of the product including its use in the “powering of turbines for wind and solar energy generation” and its use in “some residences for heating and cooking purposes. Two of the new natural gas projects, named Colibri and Matapal are, the report says, expected to contribute around 58 per cent of the country’s natural gas production in the country in 2025. All told, Trinidad and Tobago is expected to contribute around 25 per cent of the Americas’ natural gas production in 2025, according to an assessment made by the data and analytics company, GlobalData.
