Upload
haduong
View
215
Download
0
Embed Size (px)
Citation preview
The Economic Contribution of the Midstream & Downstream
Energy Sectors in Trinidad &Tobago
RRCT Conference
Richard De La Bastide, PLEA
6 June 2014
1
The T&T Midstream and Downstream Landscape
• Trinidad and Tobago has track record of developing world class gas based industry (number one exporter of methanol, ammonia in world and global leader in LNG).
• The midstream and downstream sectors are major contributors to Government revenue through equity ownership and taxation.
• The sectors also add value to economy through employment in engineering, construction, operations and maintenance.
2
3
Natural Gas Industry
• 3P Reserves 32.6 TCF
• Resource Potential 91.3 TCF
0 50 km
Venezuela
Trinidad
Tobago
Port of Spain
Venezuela
Columbus
Channel
Galeota
Point
Poui
Immortelle
Flamboyant
Cassia
SBM
Mahogany
Amherstia
Pt. Fortin
Pt. Lisas
30”
Beachfield
Abyssinia
Picton
San-Fernando
Dolphin
ALNG
Sparrow, Parang
and Renegade
Block 5A
BG/Texaco
Bombax gas pipeline
Kapok
NCMA gas pipeline
DAB
IrisOrchidPoinsettia
Chaconia
Hibiscus
T&T Gas Market Structure
Upstream Gas
NGC Buyer/Seller
Petro-chemicals
Electricity
Other Manufacturing
LNG
Metals
Domestic Market
Export Market
NGC Transmission
57%
28%
8%
4%
43%
100%
4 Source: MEEA
3%
The structure of the petrochemical value chain
5
Gas Processing
PPGPL
Ammonia
Methanol
Urea
Nitric Acid
Melamine
Ammonium Nitrate
UAN
Export
Export
Natural Gas
Potential
Existing
Formaldehyde & UF Resin
Acetic Acid
MTP & DME
Poly Propylene
Plastics Industry
Export
Export
Export
11 Ammonia Plants 7 Methanol Plants 1 AUM complex, comprising
• 1 ammonia plant • 1 urea plan • 1 nitric acid plant • 1 ammonia nitrate plant • 1 UAN plant • 2 melamine plants
1 Urea Plant 1 NGL Facility 4 DRI Plants 6 Power Generation Plants 4 LNG Trains 1 Crude Oil Refinery • Contributed c. US$3 billion in GDP (2012) • Employs roughly 20,000 (inc. temporary jobs)
Midstream and Downstream Plants
6 Source: MEEA, CSO & Ministry of Finance
Contribution to GDP
7
0
10,000
20,000
30,000
40,000
50,000
60,000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
TT
$ M
illio
ns
Petroleum Sector GDP 2002-2012
Exploration andProductionRefining (incl Atlantic LNG
Petrochemicals
Service Contractors
Source: Ministry of Finance
Midstream and Downstream Contribution to employment
0
500
1000
1500
2000
2500
3000
Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14
No
of
PLE
A A
sse
ssm
en
ts
PLEA Safety Passport Assessments from 2013-2014
Failures
Passes
8 Source: Energy Chamber
Major issues facing the midstream and downstream energy sector
1. Gas supply fluctuation
2. Future review of upstream/downstream gas contracts
3. Competition for new and existing markets in light of shale gas development
4. Access to skilled personnel
9
10
QUESTIONS & COMMENTS