Virgin Islands, British

Country Analysis Brief Overview

Although most Caribbean countries are energy importers, the Caribbean has important centers for oil refining and storage, and Trinidad and Tobago is one of the largest LNG exporters in the world.
Caribbean countries are net oil importers, with the exception of Trinidad and Tobago. Oil exploration has received considerable interest in Cuba's offshore basins, especially in the Gulf of Mexico.
The Caribbean has several export-oriented oil refineries and storage centers, geared mainly towards the U.S. market. However, two major refineries were recently closed after experiencing losses due to changes in global demand and competition from new refineries elsewhere.
Trinidad and Tobago is the largest exporter of liquefied natural gas to the United States, and the fifth largest in the world.

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Analysis Last Updated: May 1, 2012

Overview data for Virgin Islands, British

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Petroleum (Thousand Barrels per Day)			2011				2012
		History	Virgin Islands, British	Central & South America	World	Rank	Virgin Islands, British
Total Oil Production	Production of crude oil (including lease condensate), natural gas plant liquids, and other liquids, and refinery processing gain (loss). Negative value indicates refinery processing loss.	Total Oil Production Enlarge chart Rollover line points for data.Close	0.00	7,837	87,192	128
Crude Oil Production	Includes lease condensate.	Crude Oil Production Enlarge chart Rollover line points for data.Close	0.00	6,629	74,070	93
Consumption	Consumption of petroleum products and direct combustion of crude oil.	Petroleum Consumption Enlarge chart Rollover line points for data.Close	0.80	6,502	88,256	140	^F
Net Export/Imports(-)	Net Exports = Total Oil Production – Consumption. Negative numbers are Net Imports.	Petroleum Net Exports/Imports(-) Enlarge chart Rollover line points for data.Close	-0.80	1,335	--	132	NA
Total Oil Exports to U.S.	Total crude oil and petroleum products.	Total Oil Exports to U.S. Enlarge chart Rollover line points for data.Close	NA			NA	NA
Refinery Capacity	Crude oil distillation capacity as of January 1. Sources: U.S. data from EIA; Other countries from Oil & Gas Journal.	Petroleum Refinery Capacity Enlarge chart Rollover line points for data.Close	0	6,582	88,097	110	0
Proved Reserves(Billion Barrels)	As of January 1. Sources: U.S. data from EIA; Other countries from Oil & Gas Journal.	Petroleum Proved Reserves Enlarge chart Rollover line points for data.Close	0.00	237	NA	88	0.00
Natural Gas (Billion Cubic Feet)			2010				2011
		History	Virgin Islands, British	Central & South America	World	Rank	Virgin Islands, British
Production	Dry natural gas.	Natural Gas Production Enlarge chart Rollover line points for data.Close	0	5,517	111,954	89	0
Consumption	Dry natural gas.	Natural Gas Consumption Enlarge chart Rollover line points for data.Close	0	5,106	113,321	109	0
Net Export/Imports(-)	Net Exports = Exports - Imports. Negative numbers are Net Imports. Note: Data range begins with the year 1990.	Natural Gas Net Exports/Imports(-) Enlarge chart Rollover line points for data.Close	0	415	--	64	NA
Proved Reserves (Trillion Cubic Feet)	As of January 1. Sources: U.S. data from EIA; Other countries from Oil & Gas Journal.	Natural Gas Proved Reserves Enlarge chart Rollover line points for data.Close	NA	267	6,669	91	NA
Coal (Million Short Tons)			2010				2011
		History	Virgin Islands, British	Central & South America	World	Rank	Virgin Islands, British
Production	Production of primary coal (includes anthracite, bituminous, lignite, and for Estonia, oil shale).	Coal Production Enlarge chart Rollover line points for data.Close	0.000	92	7,954	68	0.000
Consumption	Consumption of primary coal (includes anthracite, bituminous, lignite, and for Estonia, oil shale) and net imports of metallurgical coke.	Coal Consumption Enlarge chart Rollover line points for data.Close	0.000	47	7,770	114	0.000
Net Export/Imports(-)	Net Exports = Exports – Imports. Negative numbers are Net Imports. Includes primary coal and metallurgical coke.	Coal Net Exports/Imports(-) Enlarge chart Rollover line points for data.Close	0.000	46	--	85	0.000
Electricity (Billion Kilowatthours)			2009				2010
		History	Virgin Islands, British	Central & South America	World	Rank	Virgin Islands, British
Net Generation	Conventional thermal electricity, hydroelectric power, nuclear electric power, and geothermal, solar, wind, and wood and waste electric power generation.	Electricity Net Generation Enlarge chart Rollover line points for data.Close	0.05	1,044	19,071	203	0.05
Net Consumption	Net generation+electricty imports-electricity exports-electricity distribution losses.	Electricity Net Consumption Enlarge chart Rollover line points for data.Close	0.05	878	17,360	203	0.05
Installed Capacity (GWe)	One billion watts or one thousand megawatts of electric capacity, as of January 1.	Electricity Installed Capacity Enlarge chart Rollover line points for data.Close	0.04	253	4,843	187	0.04
Total Primary Energy (Quadrillion Btu)			2009				2010
		History	Virgin Islands, British	Central & South America	World	Rank	Virgin Islands, British
Production	Production of petroleum (crude oil and natural gas plant liquids), dry natural gas, and coal, and net generation of hydroelectric, nuclear, and geothermal, solar, wind, and wood and waste electric power.	Total Primary Energy Production Enlarge chart Rollover line points for data.Close	.000	29	487	180	0.000
Consumption	Consumption of petroleum, dry natural gas, and coal, and net hydroelectric, nuclear, and geothermal, solar, wind, and wood and waste electricity. Also includes net electricty imports.	Total Primary Energy Consumption Enlarge chart Rollover line points for data.Close	0.002	25	488	210	0.002
Energy Intensity (Btu per 2005 U.S. Dollars)	Consumption per dollar of gross domestic product using purchasing power parities.	Total Primary Energy Intensity Enlarge chart Rollover line points for data.Close	##############	5,882	7,461	1	##############
Carbon Dioxide Emissions (Million Metric Tons of CO₂)			2010				2011
		History	Virgin Islands, British	Central & South America	World	Rank	Virgin Islands, British
Total from Consumption of Fossil Fuels	Emissions from the consumption of petroleum, natural gas, and coal and the flaring of natural gas.	CO2 from Consumption of Fossil Fuels Enlarge chart Rollover line points for data.Close	0.11	1,288	31,502	209	0.15