Trinidad and Tobago earned its status of being one of the
wealthiest countries in the Caribbean due to its high GDP of which 45% is gained
from the energy sector. Trinidad and Tobago is the leading producer of oil and
natural gas in the Caribbean so its economy is largely dependent of these
natural resources. The US relies on imports to satisfy their needs for natural
gas so Trinidad and Tobago benefits significantly from this foreign market.
To learn more about Trinidad’s energy sector, visit their
official government website:
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| All photos were taken in Port of Spain. Photo 1a – Trinidad and Tobago National Petroleum Marketing Company Limited (NP), Sea Lots, b – BHP Billiton, Invaders Bay, c – British Petroleum Trinidad and Tobago (BPTT), Queen’s Park West, d – British Gas (BG), St. Clair. |
There are numerous oil and gas companies in the country
which specialize in exploration on- and off-shore, extraction, production,
refining, marketing and storage or petroleum and natural gas. NP, BHP Billiton,
BPTT and BG are only four examples.
These resources are non-renewable and
therefore, must be used sustainably in order for the country to upkeep its
financial status. As the global population continues to grow, the demand for
energy will grow simultaneously and this may cause the local companies to
over-exploit these resources.
The following newspaper article expresses this view and also,
proposals for “longevity in the oil industry”:
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