|Trinidad and Tobago to award seven onshore blocks in April|
|Published on Thursday, April 12, 2007|
|By Glen Carey and Tarek Al-Issawi
DOHA, Qatar (Bloomberg): Trinidad and Tobago, the largest supplier of liquefied natural gas to the US, will announce exploration contracts for seven onshore blocks by the end of April, Energy Minister Lenny Saith said.
Trinidad and Tobago also issued tenders for "eight deepwater blocks," Saith said this week on the sidelines of a natural gas producers’ meeting in Doha, the capital of Qatar.
"We have been finding crude with associated gas," Saith said. "Some have been even just gas."
Gas output in Trinidad and Tobago, located off the coast of South America, has soared on higher US demand and as LNG plants have gone online. The country produced 1.3 billion cubic feet a day in 1999.
Sixty percent of all gas produced in the island country is used for LNG. BP Plc is the country’s largest natural gas producer. LNG is gas cooled to liquid form for transportation by tanker to destinations not connected by pipeline.
The Caribbean country’s current oil output is between 131,000 barrels and 140,000 barrel a day.