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Trinidad and Tobago needs new markets and production

With the loss of the US as its major market, the island nation needs a new growth strategy

As one of the world’s largest liquefied natural gas (LNG) exporters, Trinidad and Tobago is the Caribbean’s undisputed energy powerhouse. To hold on to its place, though, it will have to meet the dual challenge of finding new markets for its LNG and reversing declines in gas production and reserves. A decade ago, Trinidad and Tobago exported around 95% of its LNG to the US and the future of the industry looked secure. US LNG imports were expected to continue their inexorable rise, fuelling the growth of Trinidad and Tobago’s LNG business. Most re-gasification terminals along the US Gulf Coast, which once brought in Trinidadian gas, now sit idle or are being transformed into export faciliti

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