A view of the Atlantic LNG site in Point Fortin. - File photo
RESPONDING to reports that Atlantic LNG’s Train 1 is to be de-commissioned within the next few weeks, the Ministry of Energy and Energy Industries is now saying that the future of the company has been the subject of discussion with all of the stakeholders for months.
The issue of unavailability of gas to supply the train is at the centre of the decision to have it mothballed.
The ministry said these discussions have been ongoing and are at a very sensitive stage.
“The Government and the National Gas Company of Trinidad and Tobago (NGC) have ensured that Atlantic is preserved in the best position to allow all options with respect to its future to be available whilst these discussions are ongoing,” the statement on Saturday morning read.
NGC reports $191 M profit for first three months
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Investegate |Trinity Exploration Announcements | Trinity Exploration: AGM Statement and Investor Presentation
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The shallow-water project is located within the Greater Angostura Field.
BHP (NYSE: BHP) has begun producing oil from the Ruby Project offshore Trinidad and Tobago, the company reported Wednesday.
Located in shallow water in Block 3(a) within the Greater Angostura Field, Ruby is projected to be capable of producing up to 16,000 gross barrels of oil per day and 80 million gross standard cubic feet of natural gas per day at completion, BHP noted in a written statement. The company added the development comprises oil and gas production from the Ruby and Delaware reservoirs via five production wells and one gas injection well tied back into existing operated process facilities.