Trinidad LNG exports to Europe double this year – Reaching 40% of total sales

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Trinidad and Tobago liquefied natural gas sales in Europe have doubled to 40% of total this year, Energy Minister Stuart Young said on Tuesday, as demand continued to rise amid declining Russian gas supplies.

Trinidad’s LNG exports fell to 7.9 million tonnes last year as the country, Latin America’s largest fuel producer, was forced to close one of its liquefaction plants due to a lack of adequate gas production.

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“Exports (LNG) are expected to increase this year. There are significant discussions about how to help the rest of the world, including Europe, increase LNG production. We just need gas,” Young told Reuters.

In 2014, Trinidad exported more than 14 million tonnes of LNG, according to Refinitiv Eikon.

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Source: Capital

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