New gas find off TT

In a statement yesterday BG said Dolphin Deep is located 83 kilometres off the south-east coast of Trinidad in the East Coast Marine area. Gas production from the two wells in this field is expected to reach a maximum rate of 250 million standard cubic feet per day and will be delivered to the Atlantic LNG plant in Point Fortin via new 95 kilometre pipelines at Beachfield and the 76 kilometre onshore cross island pipeline.

BG’s executive vice-president (North America, Caribbean and Global LNG) Martin Houston said bringing Dolphin Deep onstream is a major achievement for the BG group and Chevron Texaco. “Gas from this development will feed some of BG group’s supply rights in Atlantic LNG which continues to be a leading supplier of LNG to the USA,” Houston stated. TT is currently the leading supplier of LNG to the United States, accounting for at least 80 percent of LNG imports into the US market.

Prime Minister Patrick Manning has held discussions with US president George W Bush and US vice-president Dick Cheney about TT’s importance as a reliable energy supplier to the US and the potential impact which Venezuela’s Petro Caribe initiative could have on Caricom countries.