Trinidad & Tobago`s Oil Export Could Slip
Trinidad and Tobago will account for just 0.49 percent of Latin America regional oil demand by 2014, while providing only 1.16 per cent of supply.
That`s according to the latest Trinidad & Tobago Oil & Gas Report. The report claims that the oil rich nation contributed an estimated 9.94 per cent to 2009 regional gas consumption, while producing 19.77 per cent. But by 2014, it is expected to consume just 10.75 per cent of the region`s gas while contributing 18.73 per cent to supply.
The report also forecasts a decrease in T&T oil and gas liquids production of 43.8 per cent between 2009 and 2019, with liquids volumes falling steadily from an estimated 160,000 b/d to 90,000 b/d, largely in the form of gas liquids associated with gas field developments.
T&T`s real GDP in 2009 is estimated to have fallen by 0.7 percent, compared with growth of 3.5 percent in 2008
