Atlantic LNG

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), of which Train 4 is currently the world’s largest in operation.cite web
publisher= Upstream Online
url= http://www.upstreamonline.com/live/article124283.ece
title = Atlantic waits on Train 4
date = 2006-12-06
accessdate=2007-09-01]

History

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 signed the Memorandum of Understanding, and launched a feasibility study of the project. The Atlantic LNG company was formed in July 1995. Construction of the first train started in 1996, and the train was officially opened on 13 March 1996. 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.cite paper
publisher= Stanford University, Program on Energy and Sustainable Development
author=Rob Shepherd, James Ball
url= http://iis-db.stanford.edu/pubs/20606/Trinidad_Final.pdf
title =Liquefied Natural Gas from Trinidad and Tobago: The Atlantic LNG Project. Working Paper #30
format=PDF
date = May 2004
accessdate=2007-09-01] A feasibility study for the fifth train—Train X—is scheduled to be concluded by December 2007.Train X-has been sidelined until proper a gas audit has been concluded.cite web
publisher= Upstream Online
url= http://www.upstreamonline.com/live/article127373.ece
title =Trinidad puts Train X on table
date = 2007-02-05
accessdate=2007-09-01]

Technical features

The total production capacity of Atlantic LNG's four trains is around 14.8 million metric tonnes per annum (mmtpa, Tg/a). The capacity of the Train 1 is 3 mmtpa (Tg/a), and the capacity of each of Trains 2 and 3 is 3.3 mmtpa (Tg/a). Train 4, which cost $1.2 billion, has a production capacity of 5.2 mmtpa (Tg/a), which makes it the largest LNG train in the world. The total storage capacity of Atlantic LNG's facility is 524,000 cubic meters (m³) (524 ML).cite web
publisher= Upstream Online
url= http://www.upstreamonline.com/live/article4631.ece
title = Atlantic LNG raises roof
date = 2005-02-01
accessdate=2007-09-01] The total investment of building four LNG trains was US$3.6 billion.

The Train 1 is supplied from the BP-operated fields in the east cost of Trinidad through the NGC-Trinidad-and-Tobago-owned convert|36|in|mm|-1 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 convert|24|in|mm|-1 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.

hareholders

Atlantic LNG is owned by the National Gas Company of Trinidad and Tobago (NGC Trinidad and Tobago) and local subsidiaries of BP, BG Group, Repsol YPF and Suez. The stakes in Train 1 are:
* BP Trinidad LNG B.V. (34%)
* British Gas Trinidad LNG (26%)
* Repsol LNG Port Spain B.V. (20%)
* NGC Trinidad and Tobago (10%)
* Suez LNG Finance S.A. (10%).

The stakes in Trains 2 and 3 are:
* BP Trinidad LNG B.V. (42.5%)
* British Gas Global Investments B.V. (32.5%)
* Repsol Overzee Financien B.V. (25%)

The stakes in Train 4 are:
* BP (Barbados) Holding SRL (37.8%)
* British Gas Trinidad LNG Limited (28.9%)
* NGC LNG (Train 4) Limited (11.1%)
* Repsol Overzee Financien B.V. (22.2%)cite web
publisher= Atlantic LNG
url= http://www.atlanticlng.com/pages.aspx?pid=15
title =Our Trains
accessdate=2007-09-01]

In August 2007, the Vedomosti newspaper reported, that BP has invited Russia's Gazprom to take a stake in Atlantic LNG.cite web
publisher= Downstream Today
url= http://www.downstreamtoday.com/News/Articles/200708/BP_Offers_Gazprom_Stake_in_Atlantic_LNG__5593.aspx
title = BP Offers Gazprom Stake in Atlantic LNG Project - Report
date=2007-08-23
accessdate=2007-09-01]

References

External links

* [http://www.atlanticlng.com/ Corporate website]