Competitive Advantages of Trinidad and Tobago’s Energy Sector
LEADING THE TRANSFORMATION TO A MORE DIVERSIFIED AND SUSTAINABLE ENERGY SECTOR FOR FUTURE GENERATIONS
Attractive Energy Hub
Trinidad and Tobago has a well-established and vibrant upstream, midstream and downstream hydrocarbon sector, and a dynamic manufacturing sector. We are also making strides in the renewable energy and energy efficiency, with our commitments to sustainable growth.
Strategic Location
Companies can easily send and receive shipments from the Far East/Asia through the Panama Canal as well as from the continental USA via east coastal ports, providing opportunities for investors seeking to expand into the LATAM and US market. Trinidad and Tobago is served by a well-connected flight network: ten daily flight connections to the US, six to Europe and several daily flights to CARICOM destinations.
Market Access
Trinidad and Tobago is a member of CARICOM Union providing domestic market access to fourteen CARICOM markets. Additional access is facilitated through bilateral agreements with major regional countries such as US, Canada, Colombia, Costa Rica, Cuba, Dominican Republic and Venezuela, granting access to over 864 million consumers. We are also internationally affiliated as a recognised member of many major international associations including the UN, The Organization of American States and the World Trade Organization.
Competitive Costs
- One of the lowest electricity costs globally for the industrial sector, at US$0.05/kWh;
- Low-cost and readily available industrial gases;
- Local and locally-based firms that provide engineering services and other logistics services;
- The labour cost is 50-70% lower than in the US or the European Union.
Investment-ready infrastructure
Strong and stable logistics infrastructure with advanced road networks, major industrial ports and an efficient air transport system.
Highly skilled labour force
With a thriving energy sector and two main universities, Trinidad and Tobago has a highly skilled and trained workforce.