The Ministry of Energy and Energy Industries recently released the first quarter production data from the energy sector in Trinidad and Tobago.
In the first quarter of 2025, there were short-term increases in the production of crude oil but declines in the production of natural gas and gas-related industries like LNG, methanol, and ammonia production. The data highlights some core issues within the energy sector. Looking at monthly and quarterly data and even single year data often be a bit misleading as it ignores critical historical information.
The Green Fund is an often-overlooked asset in Trinidad and Tobago. It has been quietly accumulating a significant amount of funds and is rarely ever tapped. At present, the fund contains over $11 billion TT dollars, but only around $326 million has ever been disbursed in 16 years. This data was recently released with the Auditor General’s Report 2024.
Trinidad and Tobago is the largest exporter of ammonia in the world. In 2024, the country produced more than four million tons and exported almost all of it, generating substantial foreign exchange in the process. Most ammonia goes into the production of fertilisers, though there are other uses.
In 2024, there were four major producers of natural gas in Trinidad & Tobago, namely bpTT, Shell, EOG Resources and Woodside. Together these companies produce about 95% of the country’s natural gas. Almost all of this comes from offshore fields predominantly off the east of Trinidad and north coasts of Trinidad and Tobago.
