Natural resources and energy
Trinidad and Tobago have significant oil and
natural gas resources and here are also the world's
largest reserves of natural asphalt. Natural gas is the
most important source of energy and generates all
Commercial oil extraction has been around since the
early 1900s and by the middle of the century oil
production was the largest industry. But since the
1990s, the extraction of natural gas has been more
extensive. Trinidad has one of the largest natural gas
processing facilities in the world and is a leading
exporter of liquefied natural gas (LNG).
Major exports by Trinidad and Tobago with a full list of the top products exported by the country. Includes trade value in U.S. dollars and the percentage for each product category.
The natural gas supplies cheap electricity to the
country and it is also used in the local industry,
including oil refining. There is an oil refinery in
Pointe-à-Pierre on the west coast, owned by Petrotrin.
Products from the refinery are sold to the rest of the
Caribbean as well as to the US and parts of Latin
Offshore oil drilling began in the 1950s and today
most of both oil and natural gas are extracted offshore.
Several private producers are active alongside the state
oil and gas companies, Petrotrin and NGC.
Limestone and sulfur are also extracted in the
Abbreviationfinder: A popular acronym site in the world covering abbreviation for each country. For example, TNT stands for Trinidad and Tobago. Visit itypeusa for more information about Trinidad and Tobago.
FACTS - ENERGY AND ENVIRONMENT
Energy use per person
14,447 kilograms of oil equivalent (2014)
Electricity consumption per person
7134 kilowatt hours, kWh (2014)
Carbon dioxide emissions in total
46 274 thousand tonnes (2014)
Carbon dioxide emissions per inhabitant
34.2 tonnes (2014)
The share of energy from renewable sources
0.3 percent (2015)