BMI View: Shortages of natural gas will persist, disrupting gas exports amid government concerns over the profitability of LNG trade. The government has called for operators to fully exploit existing acreage, suggesting rising tensions between officials and upstream players. Investment has suffered continued delays due to current market conditions, underscoring the negative impacts of lower commodity prices.
Latest Updates And Key Forecasts
Trinidad & Tobago (T&T) will stage a modest growth recovery over the coming quarters. Rebounding natural gas production will support improving net export dynamics and a modest improvement in investment. We have downgraded our forecasted real GDP growth for 2017 to 1.0%, from 1.3%, as available high frequency data suggest that activity across sectors remained in contraction in H117.