With Europe pushing hard to reduce their reliance on Russian gas, in the aftermath of the invasion of Ukraine, Trinidad & Tobago’s Liquified Natural Gas (LNG) exports have come into the geopolitical spotlight, and this has also brought the issue of Venezuelan gas exports to Trinidad back onto the agenda.
In 2021, Trinidad & Tobago was the sixth biggest LNG exporter of Liquified Natural Gas (LNG) into Europe, after the USA, Qatar, Russia, Algeria, and Egypt, accounting for about 2% of the total LNG imports into Europe. Trinidad LNG is especially important in the Spanish market, where it accounted for 5% of imports in 2021. With Europe grappling with reduced supply, every source of gas has assumed additional importance.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.