CONTACT Magazine (Vol.18 No.3 – December 2018)

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STATE OF THE NATION Energy Update Update A comparison of Q1 2017 and 2018 production and export levels for energy and downstream products Local crude oil and natural gas production and usage In Figure 1, where Q2 2017 and Q2 2018 are compared, the top three producers have remained unchanged with one notable switch in the rankings. It is important to note that for the same periods in both 2017 and 2018, Trinidad and Tobago was actually a net importer of crude oil, as shown in Figure 2. Fig. 1: Top local oil producers (average bopd) Q2 2018 Q2 2017 18,773 12,553 11,524 Trinmar Petrotrin Perenco 19,951 12,032 11,702 Trinmar Perenco Petrotrin Fig. 3: Natural gas utilisation by sector Q2 2018 3,412 Fig. 2: Imports vs exports of crude oil (BBLS) Q2 2018 Q2 2017 Imports Exports 7,992,239 2,242,026 Imports Exports 7,284,302 2,807,918 increased Fig. 4: Top local natural gas producers, ● Downstream Q2 (average mmscf/d) ● From Q1 2017 to 2018, natural gas production levels products also had modest increases in 2018 2017 production 1,937 543 502 244 71 115 2,103 1,723 ● Crude oil production BPTT continues BPTT on a downward 537 trend 522 Shell EOG As can be seen in Figure 1, when comparing Q2 data from 2017 and 2018, between the top three producers there was an average decline in oil production of 1.9%, while over the same time period there was an average 14.49% increase in natural gas output (Figure 4). Figure 3 also shows that the LNG sector continues to be the major user of natural gas locally, accounting for almost 57% of total production . 509 506 EOG Shell Source: MEEI Consolidated Report 2017 & 2018 46 Trinidad and Tobago Chamber of Industry and Commerce www.chamber.org.tt/contact-magazine
Contact Magazine Energy Statistics Revamp (pg. 2) .pdf 1 07/11/2018 3:40 PM Energy Update Update A comparison of of Q2 Q1 2017 and 2018 production and and export levels for energy and and downstream products C M Y CM MY CY CMY K ● From Q2 2017 ● From Q1 2017 to to 2018, natural gas natural production gas production levels levels have improved. increased ● ● ● Downstream Downstream products also had modest products on increases in average production have shown Crude oil increases production in production downward level. continues on a trend Source: MEEI Consolidated Reports 2017 & 2018 ● Crude oil production continues on a downward trend. www.chamber.org.tt/contact-magazine 47 Trinidad and Tobago Chamber of Industry and Commerce
Page 1 and 2: Vol.18 No.3 - December 2018 The Voi
Page 6 and 7: Vol.18 No.3 - December 2018 Content
Page 9 and 10: A note from the editor Exports play
Page 11 and 12: Jaleel Beverages were followed by a
Page 13 and 14: vertical integration by buying frui
Page 15 and 16: Residential Lots and Townhouses for
Page 17 and 18: “For the first time the macroecon
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Page 21 and 22: Export House, head office of exporT
Page 23 and 24: Travel mania/shutterstock.com In th
Page 26 and 27: looking outwards Breaking into Euro
Page 28 and 29: looking outwards EU-Caribbean: trad
Page 30: looking outwards Who do we have tra
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Page 37 and 38: attempts to register product under
Page 39 and 40: Organisation Location Contact Funct
Page 41 and 42: Private sector agencies Organisatio
Page 43 and 44: courtesy tobago cocoa estates Tobag
Page 45 and 46: Trinidad Tissues: use the trade sup
Page 47 and 48: Lake Asphalt of Trinidad and Tobago
Page 49: Trinidad and Tobago: expenditure 20
Page 53: Contact Contact Issue Issue 2 cover

CONTACT Magazine (Vol.18 No.3 – December 2018)

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