Trinidad to increase natural gas and oil output by end 2004

Apr 19, 2004 02:00 AM

Trinidad is increasing natural gas production faster than expected and hopes to reach 3 bn cfpd by the end of this year, up from around 2.8 bn cf at present, Oil Minister Eric Williams said. Williams said oil production is also on the rise, and should reach 210,000 bpd from around 130,000 bpd at present, thanks to increased output from offshore oil fields.
"We're doing a lot better than we thought," said Williams.

Williams said a nitrogen plant and a methanol plant will come online this year, bringing natural gas production to 3 bn cfpd. Production at Atlantic LNG, a joint venture that has three natural gas trains and an additional train under construction, has exceeded expectations, he said.
"The really big problem is what to do with excess cargoes from the first three trains," said Williams. "A team from the ministry is working with shippers." He said Atlantic LNG has is producing "a few" extra cargoes each month.

Trinidad exports natural gas through the Atlantic LNG joint venture, whose five partners are the National Gas Company of Trinidad and Tobago, BP, BG Group, Repsol-YPF, and Tractebel, which is owned by France's Suez.
Trinidad is a major natural gas exporter, supplying 77 % of US LNG imports in 2003.

Source: Dow Jones
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