Post-Pandemic Natural Gas Utilization in Trinidad and Tobago: A Sectoral Analysis (2020–2023)

Abstract

This paper examines the impact of post-pandemic shifts on natural gas utilization in Trinidad and Tobago, one of the largest producers of liquefied natural gas (LNG) in Latin America and a significant exporter of ammonia and methanol. Employing a qualitative analysis supplemented by Granger Causality tests, the study analyzes the changes in natural gas demand across key sectors from 2020 to 2023. The findings reveal substantial volatility in natural gas prices post-COVID-19, influenced by global events that have heightened the sensitivity of Trinidad and Tobago’s economy to international market dynamics. With the nation at the crossroads of diversifying energy sources and addressing climate change imperatives, the study suggests strategic investments in renewable energies, energy efficiency, and technological upgrades. The research highlights the economic benefits of using natural gas for petrochemical production over electricity generation and points to the resilience offered by the diversity in the petrochemical export market, contrasted with the concentrated LNG export market. The study concludes with a call for integrated policy planning and an accelerated energy transition, advocating for a sustainable and resilient energy sector aligned with global climate goals.