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Wednesday, July 23, 2025

Ram­nar­ine as­sures:

No delays with Juniper gas

by

20150701

En­er­gy Min­is­ter Kevin Ram­nar­ine is op­ti­mistic there will be no de­lays in the pro­duc­tion of first gas from the $US2.1 bil­lion bpTT Ju­niper Project which is due to come on stream by mid-2017.

He said the fields will pro­duce close to 600 mil­lion cu­bic feet of gas dai­ly to meet the de­mands of lo­cal in­dus­try, elec­tri­cal pow­er pro­duc­tion and sup­ply At­lantic LNG and along with oth­er gas projects should make up for the short­fall in sup­ply to clients on the Point Lisas In­dus­tri­al Es­tate.

The min­is­ter spoke about the project yes­ter­day af­ter a tour of the Labid­co In­dus­tri­al Es­tate in south Trinidad. He said the US$150 mil­lion plat­form for Ju­niper should be com­plet­ed next year. He said he was pleased with the progress of work on the plat­form be­ing done by Tof­co.

The min­is­ter's com­ments come against the back­drop of de­clin­ing nat­ur­al gas pro­duc­tion in re­cent months, with out­put cur­tail­ments at At­lantic LNG.

Proven gas re­serves have been falling over the last 15 years and are cur­rent­ly at 13 Tcf, down from a peak of 26 Tcf in 2006, ac­cord­ing to da­ta from the US En­er­gy In­for­ma­tion Ad­min­is­tra­tion da­ta.

Over the last four years pro­duc­tion has been flat, run­ning be­tween near­ly 1.5 and 1.511 Tcf. At­lantic LNG has cur­tailed pro­duc­tion due to de­clines in nat­ur­al gas avail­able to feed its four-train liq­ue­fac­tion and ex­port ter­mi­nal in Point Fortin.

Hopes for boost­ing pro­duc­tion now hinge on the suc­cess of Ju­niper, as well as a deal with neigh­bour­ing Venezuela for ex­ploit­ing nat­ur­al gas un­der the Gulf of Paria be­tween the two coun­tries.

Ram­nar­ine al­so vis­it­ed the site of the US$1 bil­lion Mit­subishi Di­methylether (DME) plant which he said is al­so run­ning on sched­ule.

He said the project will cre­ate about 2,000 jobs at peak con­struc­tion and 200 full time jobs when the plant be­comes op­er­a­tional around 2017/2018. Con­struc­tion of the DME plants is due to be­gin next year.

The min­is­ter said he en­vi­sions La Brea de­vel­op­ing on the scale of the Point Lisas In­dus­tri­al Es­tate to bring in­creased eco­nom­ic ac­tiv­i­ty to Trinidad's south west Penin­su­la.


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