Atlantic LNG
 | This article needs to be updated. (July 2016) |
The Atlantic LNG Company of Trinidad and Tobago is a liquefied natural gas (LNG) producing company operating a liquefied natural gas plant in Point Fortin, Trinidad and Tobago. Atlantic LNG operates four liquefaction units (trains). Train 4, with a 5.2 million tonnes per year production capacity, is among the world's largest LNG trains in operation.[1]
History
[edit]The Atlantic LNG project was started by Cabot LNG (now Suez) in 1992. In 1993, Cabot LNG, National Gas Company of Trinidad and Tobago, Amoco and British Gas plc signed the Memorandum of Understanding, and launched a feasibility study of the project. The Atlantic LNG company was formed in July 1995. general Construction of the first train started in 1996, and the train was officially opened on 13 March 1999. The first cargo was loaded in April 1999. Train 2 started up on 12 August 2002, Train 3 on 28 April 2003, and Train 4 in December 2005.[2] A feasibility study for the fifth train—Train X—was scheduled to be concluded by December 2007.[3]
Technical features
[edit]The total production capacity of Atlantic LNG's four trains is around 14.8 million tonnes per year. The capacity of the Train 1 is 3 million tonnes per year, and the capacity of each of Trains 2 and 3 is 3.3 million tonnes per year. Train 4, which cost $1.2 billion, has a production capacity of 5.2 million tonnes per year.[4] The total storage capacity of Atlantic LNG's facility is 524,000 cubic meters.[5] The total investment of building four LNG trains was US$3.6 billion.[4]
The Train 1 is supplied from the BP-operated fields in the east coast of Trinidad through the NGC-Trinidad-and-Tobago-owned 36 inches (910 mm) diameter pipeline.
Train 2 is supplied from BP land (50%) off the east coast of Trinidad and from BG-operated land (50%) off the north coast (NCMA) through 24 inches (610 mm) diameter pipeline. Train 3 receives 75% of its supply from BP land and 25% from a mix of NCMA gas (as with Train 2) and east coast gas (ECMA) held 50% by BG and 50% by ChevronTexaco.[2]
In 2021, BP Trinidad and Tobago informed the government of Trinidad and Tobago that due to gas production decline, there was insufficient gas to supply Train 1. The government decided despite spending US$250 million dollars on renovating the train to suspend operations for at least two years. [6]
Shareholders
[edit]Atlantic LNG is owned by the National Gas Company of Trinidad and Tobago (NGC Trinidad and Tobago), Shell, BP, and the Chinese Investment Corporation (CIC).
The stakes in Train 1 are:
- Shell (46%)
- BP (34%)
- National Gas Company of Trinidad and Tobago (10%)
- Chinese Investment Corporation (10%)
The stakes in Trains 2 and 3 are:
- Shell (57.5%)
- BP (42.5%)
The stakes in Train 4 are:
- Shell (51.1%)
- BP (37.8%)
- National Gas Company of Trinidad and Tobago (11.1%)[7]
In August 2007, the Vedomosti newspaper reported, that BP has invited Russia's Gazprom to take a stake in Atlantic LNG.[8]
References
[edit]- ^ "Atlantic LNG restructuring agreement could open doors for Trinidad & Tobago's gas sector". 13 December 2022.
- ^ a b
Rob Shepherd, James Ball (May 2004). "Liquefied Natural Gas from Trinidad and Tobago: The Atlantic LNG Project. Working Paper #30" (PDF). Stanford University, Program on Energy and Sustainable Development. Archived from the original (PDF) on 2007-06-11. Retrieved 2007-09-01.
{{cite journal}}: Cite journal requires|journal=(help) - ^ "Trinidad puts Train X on table". Upstream Online. NHST Media Group. 2007-02-05. Archived from the original on 27 September 2007. Retrieved 2007-09-01.
- ^ a b "Atlantic waits on Train 4". Upstream Online. NHST Media Group. 2006-12-06. Archived from the original on 27 September 2007. Retrieved 2007-09-01.
- ^ "Atlantic LNG raises roof". Upstream Online. NHST Media Group. 2005-02-01. Archived from the original on 27 September 2007. Retrieved 2007-09-01.
- ^ Stabroek News:July 29th, 2021: Energy giant BP Trinidad alerts Trinidad government on major gas shortfall
- ^ "Our Trains". Atlantic LNG. Archived from the original on 2007-07-17. Retrieved 2007-09-01.
- ^ "BP Offers Gazprom Stake in Atlantic LNG Project - Report". Downstream Today. 2007-08-23. Retrieved 2007-09-01.
