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 CENTRAL
AMERICA
The bulk of oil production from Central America arises
from Mexico and Trinidad. Onshore oil has already peaked whilst offshore
output is peaking around 2006.
 Gas production is growing, again from offshore Mexico and
Trinidad, where major new developments are planned.
The oil produced in Mexico and Trinidad ensure that the
region is a net exporter but these are expected to peak in 2006 after
which a rapid decline is forecast.
Gas consumption is increasing however the region has
begun to export small amounts of gas. Trinidad recently began exporting
LNG to the USA whilst Mexico trades gas across the border with Texas.
Mexico also intends to import LNG into Baja California and re-sell it to
the US.
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