CENTRAL AMERICA

CENTRAL AMERICA (The Americas)	Barbados Cuba Guatemala Mexico Trinidad & Tobago	POPULATION: mm AREA (on): km² OIL PEAK: (forecast)
SUPPLY The bulk of oil production from Central America arises from Mexico and Trinidad. Onshore oil has already peaked whilst offshore peaked in 2004. Gas production is growing, again from offshore Mexico and Trinidad, where major new offshore developments are planned. DEMAND The oil produced in Mexico and Trinidad ensure that the region is a net exporter but exports peaked in 2004 after which a rapid decline has begun and by 2011 the region will need to import oil. Gas consumption is increasing and exports are growing, dominated by Trinidad which recently began exporting LNG to the USA. Mexico has cross-border gas trading with Texas.
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