Rowley: Mega-projects to Boost Gas Output in Trinidad and Tobago by 2028

• Prime Minister Dr. Keith Rowley says natural gas production in Trinidad and Tobago will be tight for the period 2024 to 2027 but will improve by 2028. 
• Gas supply between 2024 and 2027 will be tight before improving in 2028 with the new productions coming on stream, the Manatee and Calypso. Gas production is projected to increase from 48.5Mn cubic feet (1.4Mn m³) as of March 2022 to 3.2Trn cubic feet by 2024. However, the key to a sustained gas industry will be the exploration and development of its hydrocarbon resources as well as access to cross-border natural gas resources. 
• The Prime Minister stated that the Government has undertaken the dual responsibility to optimise the sovereign’s hydrocarbon resources for the benefit of its citizens and to reduce its carbon footprint. Investing in renewables and hydrocarbons over time can liberate oil and gas for export markets, and also create a diversified energy mix. 
• It is expected that hydrocarbons, and in particular natural gas, will play a larger role in T&T’s economic growth in the future. The current outlook, due to geopolitical events and energy security issues, suggests that natural gas is increasingly being considered not only as a low-carbon alternative but as the fuel of choice.

(Sources: Trinidad Express Newspaper & CBTT)