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Latin America: Trinidad and Tobago remains leading LNG exporter

Trinidad and Tobago is the main exporter of liquefied natural gas (LNG): it shipped around 12 bcm to importing countries in 2022. Natural gas production is a major driver of the economy in Trinidad and Tobago, and extraordinary prices pushed up the value of its exports to around USD 12 billion in 2022, such that gas export revenues were equivalent to nearly 40% of its GDP. Bolivia is another key exporter of natural gas, sending around 11 bcm by pipeline to Brazil and Argentina in 2022. Many other countries in the region import natural gas to meet domestic demand.

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