The fate of T&T’s continued economic growth could be partially hinged on the success of BPTT and Atlantic finding a solution to the shortfall in gas supply that is projected in 2020/2021, as failure could hurt the country’s revenue stream.
Asked about the worst-case scenario following BPTT’s recent disappointing drilling at two infill wells yesterday, Energy Chamber CEO Dr Thackwray Driver told Guardian Media that it could lead to Atlantic’s Train 1 being mothballed.
New Atlantic CEO Dr Philip Mshelbila says T&T’s competitive advantage in LNG will allow it to continue capitalizing on opportunities in the global LNG business.
Speaking at the LNG production company’s 10th annual CEO’s Awards event at the Hyatt Regency, Dr Mshelbila explained that T&T as a world class player in the LNG industry has benefited from the foresight of establishing a flourishing midstream and downstream gas sector over the last 20 years. “Many other resource-rich countries simply focused on the upstream,” Dr Mshelbila said.
Atlantic LNG has assured that no one was injured in the fire at its Point Fortin plant today.
A turbine generator caught fire prompting an evacuation.
The following is a statement by Atlantic LNG.
Atlantic LNG's Point Fortin plant has been evacuated as a result of a gas leak.
The company said in a statement that at around 11 am today there was a hydrocarbon release at Atlantic’s Point Fortin facility.
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It said the company’s response and safety systems immediately activated as per their design and all staff at the facility were evacuated as a precautionary measure.
Yet another energy company is seeking to trim staff. This time Atlantic LNG is offering its workers early separation packages.
The following is Atlantic LNG's statement.
"Atlantic will on June 14 2017, make a Voluntary Separation of Employment Package available to permanent employees.
Liquefied Natural Gas (LNG) production at Atlantic LNG totalled 2.2 million cubic metres in January, down 9% year on year, according to a bulletin released Tuesday by Trinidad and Tobago’s Energy Ministry.
Production at the Point Fortin, Trinidad, facility continues to be far short of capacity as a result of curtailments by natural gas producers.
The shortfall, caused by upgrades to gas infrastructure and decreased upstream investment by energy companies, is expected to continue through at least this year, according to industry officials.