ENERGY Caribbean newsletter (April 2014 • Issue no. 72)
The final edition of the ENERGY Caribbean newsletter
The final edition of the ENERGY Caribbean newsletter
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EMISSIONS<br />
Petrotrin plans “clean<br />
development mechanism”<br />
A quarter of its wells will be involved initially<br />
Petrotrin plans to recover about five<br />
million cubic feet a day (mmcfd) of<br />
associated gas currently vented in<br />
its oilfields. By mid-year, it should have<br />
selected a contractor to “finance, build,<br />
own, operate, maintain and transfer”<br />
Trinidad and Tobago’s first clean<br />
development mechanism (CDM).<br />
This will keep about 78,000 tonnes of<br />
CO 2<br />
out of the atmosphere. Total national<br />
emissions are estimated at 53 million<br />
tonnes a year by Dr Donnie Boodlal,<br />
assistant professor of process engineering<br />
at the University of Trinidad and Tobago.<br />
Though the project represents only a<br />
modest cut in overall country emissions,<br />
it is significant in the context of process<br />
ad_energy_caribbean_hp.pdf 1 03/03/<strong>2014</strong> 10:02<br />
emissions from oil and gas, since they<br />
account for only 2% of total emissions,<br />
according to Boodlal’s research. The<br />
petrochemical plants at Point Lisas<br />
are responsible for 57%, and power<br />
generation for 28%.<br />
The finance will come from the fee<br />
that Phoenix Park Gas Processors<br />
(PPGPL) is paying to integrate that 5<br />
mmcfd of associated gas into its own<br />
gas stream, and to develop the ability to<br />
trade certified emission reduction credits<br />
on the European Union carbon market.<br />
PPGPL will achieve some mi<strong>no</strong>r benefit<br />
from extracting the liquids from the gas,<br />
which is its primary business.<br />
Financing for such activities is seen as<br />
a challenge for local companies. Ramona<br />
Ramdial, minister of state in the ministry<br />
of the environment and water resources,<br />
stressed the “urgent need” for climate<br />
finance when she met the European<br />
Union commissioner for climate action,<br />
Connie Hedegaard, in New York late last<br />
year.<br />
Petrotrin has 2,216 active wells, but<br />
only 562 will be targeted in the first<br />
phase of the CDM project. “The big cost<br />
in this is getting a pipeline system to all<br />
the wells,” explains Hemraj Ramdath, the<br />
company’s vice president for strategy and<br />
business development. There is already a<br />
gas line from Pointe-à-Pierre to PPGPL,<br />
“so we will be tapping into that.”<br />
Finally, LNG for the <strong>Caribbean</strong><br />
Right-sized LNG<br />
solutions<br />
Gasfin, building on its extensive global references in Mid-scale<br />
LNG, stands ready to assist Trinidad & Tobago to win the race to<br />
serve the <strong>Caribbean</strong> gas market.<br />
For more information visit www.gasfin.net or call 868 224 3495<br />
At every step...in every size...on land or sea...across the globe<br />
Energy <strong>Caribbean</strong> <strong>•</strong> <strong>April</strong> <strong>2014</strong> 7