(Trinidad Guardian) T&T had 11.49 trillion cubic feet (tcf) of natural gas under contract to be developed at the end of 2022, Energy Minister Stuart Young told a news conference on Tuesday.
Addressing the public disclosure of the natural gas audits for the years 2021 and 2022, Young said with gas usage at just under 1 trillion cubic feet.
“So by projection, if you have 11 and a half tcf, and if we are to continue gas production at current rates, we have 11 more years of natural gas in our fields.”
He said T&T has an additional 9 tcf of natural gas that is known to exist but requires exploration and appraisal wells to be brought to production.
“When you look at those figures, you are looking at a potential of another ten to potentially 20 years,” Young said, in the question and answer period.
The natural gas audits for 2021 and 2022 were conducted by independent petroleum consultants, DeGolyer and MacNaughton (D&M) of Dallas, Texas, USA on behalf of the Ministry of Energy and Energy Industries.
