As the largest producer of oil and natural gas in the Caribbean, Trinidad & Tobago’s natural gas production continues to increase exponentially and has become the main source of the country's revenue. Most of the crude oil production occurs offshore. Current subsea projects include the Bombax Pipeline Development, Greater Angostura, Cashima Field Development and Cannonball. Trinidad and Tobago Oil and Gas Industry Analysis and Forecast Report (Q1 2016) - Supply, Demand, Investments, Competition and Projects (EP, Refinery, LNG, Storage and Pipelines) to 2025 Now, those good fortunes could be spreading to the Caribbean as well. Trinidad and Tobago has long been the Caribbean’s largest oil and gas producer. The nation has depended economically on their petroleum reserves since the 1990s, with the energy sector currently comprising 34.9 percent of the country’s GDP.