Trinidad and Tobago pushes for revival in upstream fortunes

Woodside, BP and Shell are among the companies actively pursuing gas developments in the country’s waters

Trinidad and Tobago appears to be having success in attracting renewed upstream investment, although it will likely still be some time before sufficient additional production comes online to alleviate the country’s gas feedstock supply issues. And the island nation is also keen to emphasise that recent US sanctions on Venezuela still leave room for the development of the Dragon gas field, which is integral to Trinidad and Tobago’s plans to shore up its LNG industry. Executives from Australian LNG giant Woodside met the Trinidadian authorities earlier in May to discuss the Calypso development. Stuart Young, minister of energy and energy industries, issued a statement saying that “both parties