TT has proven reserves of oil and gas and is a leading producer of ammonia, urea, and methanol. Since 2014, energy prices have declined dramatically, affecting companies operating in TT.
Last Published: 7/20/2019

Overview

TT has long history producing oil and gas and is a leading producer of petrochemicals such as ammonia, urea, and methanol. For the last five decades, TT’s oil and gas sector has been the country’s economic driving force. Declining local production and global energy prices caused TT to enter into a three-year recession in 2014, from which it has only recently emerged. As a result, the government has focused on reversing declines in gas production by incentivizing capital investment.

Leading Sub-Sectors

  • Upstream gas exploration
  • Deep water drilling

Opportunities

  • Deep-water drilling and onshore exploration
  • Drilling equipment and services
  • Marine inspection and diving vessels
  • Products related to maintenance, integrity and reliability

Web Resources

Ministry of Energy and Energy Industries
National Gas Company of Trinidad and Tobago
Energy Chamber of Trinidad and Tobago
 
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More Information

Trinidad and Tobago Oil and Gas Trade Development and Promotion