Trinidad and Tobago’s LNG production company Atlantic LNG said it has recently opened a new control room at its 14.8 mtpa Point Fortin liquefaction and export facility.
The control room is the “heart of Atlantic’s operations”, where its four LNG processing trains are monitored and controlled remotely by teams of process plant operators, Atlantic said in its statement.
Describing the new control room as “Atlantic’s investment in its future”, CEO Nigel Darlow said that while 2015 had been a challenging year for LNG production due to low gas prices on the global market and also to curtailment of local supply of natural gas, nevertheless the long-term outlook was “favourable”.
“I think we will see a gradual recovery in the LNG market globally,” Darlow said.
“Global demand for LNG is still growing at 5% per year. There is lot of new supply coming on stream and that will take a while to be digested in the market, but I think the long-term dynamics for LNG are good. I don’t worry about the new LNG plants being built in other countries. Trinidad and Tobago’s LNG will always be in demand.”
Darlow added that Trinidad’s LNG was among the “most competitive” in the global business, as Atlantic’s production cost was lower than that of recent LNG start-ups or new facilities now under construction.
Atlantic is owned by BP, Shell, China’s sovereign wealth fund CIC unit Summer Soca and Trinidad’s state-owned company NGC.
LNG World News Staff