Trinidad’s LNG production down 40.2 pct in Aug

Image courtesy of Atlantic LNG
Image courtesy of Atlantic LNG

LNG production at Trinidad and Tobago’s liquefaction and export facility at Point Fortin dropped 40.2 percent in August as compared to the same month a year ago due to ongoing gas supply shortfalls in the country.

Atlantic LNG’s 14.8 mtpa facility produced 1.46 million cubic meters in August, as compared to 2.44 million cubic meters the year before, according to data by Trinidad’s Ministry of Energy.

LNG sales and deliveries from the facility came to 33.57 million MMBtu declining 39.5 percent on year, the data showed.

Trinidad’s LNG production has been declining for more than a year due to gas shortages in the country caused by a lack in upstream investment and upgrades to gas infrastructure.

Trinidad’s gas production dropped 13.8 percent on year averaging 2.7 Bcf/d in August.

The country’s gas reserves declined by 0.9 trillion cubic feet when compared to 2014, according to the 2015 natural gas reserves audit.

Proven gas reserves now stand at 10.6 Tcf, almost two times lower than in 2002 when the country’s proved reserves were at 20.8 Tcf, the audit showed.

Atlantic LNG produces the chilled fuel from natural gas delivered from offshore fields north and east of Trinidad owned and operated by affiliates of Atlantic’s members and others.

The company 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

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