Trinidad and Tobago signal BP, BG for larger stake in ALNG train

The Trinidad and Tobago government has signaled to BP PLC and BG Group that it wants a bigger share of the ownership of Atlantic LNG’s Train 1 when the companies negotiate a new gas supply contract for ALNG.

The Caribbean twin-island nation’s Energy Minister Kevin Ramnarine said the government wanted to have a greater role in the marketing and sale of the LNG. “Historically, because of the way the LNG industry is set up, by and large, exports of LNG from Trinidad are controlled by global energy giants BP, BG, and now Shell. We as a government have articulated the view publicly and to the companies that we would like to have a bigger stake in the marketing of LNG.” Ramnarine explained.

Under the Train 1 agreement, the percentage of LNG available to be marketed is based on the shareholding in ALNG Train 1.

Ramnarine added that the opportunity will begin to present itself later this year when negotiations for several gas contracts begin. He said: “We will start talks with BP this year for the renewal of their domestic contract with the [National Gas Co. of Trinidad & Tobago], which expires in 2018. We also will start with BP on the renewal of the Train 1 contract, as well as with BG for one of their two domestic contracts so that provides us with an opportunity to put on the table the issue of government’s stake through the NGC in the LNG business and I for one feel if we are as a country are to do more LNG export to China we need to have more cargoes for a state entity to market.”

Train 1 is owned by Atlantic 1 Holdings LLC, which comprises five member companies, namely BP (Barbados) Holding SRL, with a 34% equity stake; BG Atlantic 1 Holdings Ltd., 26%; Shell LNG Port Spain BV, 20%; NGC Trinidad & Tobago LNG Ltd., 10%; and Summer Soca LNG Liquefaction SA, 10%.

Train 1 began commercial operation on Mar. 13, 1999, being the first LNG facility to operate in the Atlantic Basin, and the second in the Western hemisphere. The first shipment of LNG left Trinidad and Tobago on May 1, 1999, bound for Boston.

Ramnarine also revealed that his government wanted to have more cargoes to sell to China. “China wants LNG from us. That’s the opportunity we have but it requires a lot of work, negotiations, legal, and we start that this year,” he said.

Last year Trinidad and Tobago exported four cargoes of LNG to China, or about 2% of the country’s total natural gas supply. ALNG, which was incorporated in 1995 to develop a gas liquefaction plant in Point Fortin, operates a four-train liquefaction facility with a total capacity of 15 million tonnes/year.

In 2013, the majority of its cargoes went to markets in South America, Asia, and Spain. ALNG was the largest supplier of LNG to the US before the country’s shale gas revolution.

Related Articles

BLM approves ROW for Elko gas pipeline expansion project

07/07/2015 The US Bureau of Land Management’s Tuscarora, Nev., field office signed a decision record approving a right-of-way for Paiute Pipeline Co.’s (PPC) ...

Obama urged by IPAA president to lift ban on US crude exports

07/07/2015 Commending the administration for its actions allowing some condensate to be exported as a petroleum product, Independent Petroleum Association of ...

Woodside lets contracts for Browse LNG project

07/06/2015 Woodside Petroleum Ltd. has let more contracts for the Browse floating LNG project offshore Western Australia. The contracts, awarded to a Technip-...

The price of oil and OPEC-history repeating?

07/06/2015 The world oil market today is characterized by a standoff between the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers a...

Gas faces more competition from coal, renewables, IEA official says

07/06/2015 Natural gas faces growing competition from coal and renewable energy sources at a time when its potential demand growth is slowing down, an Interna...

Total unveils development sites for renamed Papua LNG project

07/06/2015 Total SA and its joint venture partners Oil Search Ltd. and InterOil have announced key infrastructure sites for development of the proposed Elk-An...

Global oil glut continues despite increasing demand

07/06/2015 A year since crude prices plunged, oversupply lingers, evident in a record-setting stock build, as production by members of the Organization of Pet...

Natural gas opposition has shifted to transportation, speakers say

07/06/2015 Opposition to natural gas projects has moved from exploration and production to transportation, speakers said during a discussion on Capitol Hill o...

PHMSA proposes pipeline accident notification regulations

07/02/2015 The US Pipeline and Hazardous Materials Safety Administration has proposed new federal oil and gas pipeline accident and notification regulations. ...
White Papers

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by
Available Webcasts

On Demand

OGJ's Midyear Forecast 2015

Fri, Jul 10, 2015

This webcast is to be presented by OGJ Editor Bob Tippee and Senior Economic Editor Conglin Xu.  They will summarize the Midyear Forecast projections in key categories, note important changes from January’s forecasts, and examine reasons for the adjustments.

register:WEBCAST


Predictive Analytics in your digital oilfield - Optimize Production Yield and Reduce Operational Costs

Tue, Jul 7, 2015

Putting predictive analytics to work in your oilfield can help you anticipate failures, plan and schedule work in advance, eliminate emergency work and catastrophic failures, and at the same time you can optimize working capital and improve resource utilization.  When you apply analytic capabilities to critical production assets it is possible to reduce non-productive time and increase your yield.

Learn how IBM's analytics capabilities can be applied to critical production assets with the goal of reducing non-productive time, increasing yield and reducing operations costs.

register:WEBCAST


Cognitive Solutions for Upstream Oil and Gas

Fri, Jun 12, 2015

The oil & gas sector is under pressure on all sides. Reserves are limited and it’s becoming increasingly expensive to find and extract new resources. Margins are already being squeezed in an industry where one wrong decision can cost millions. Analyzing data used in energy exploration can save millions of dollars as we develop ways to predict where and how to extract the world’s massive energy reserves.

This session with IBM Subject Matter Experts will discuss how IBM Cognitive Solutions contribute to the oil and gas industry using predictive analytics and cognitive computing, as well as real time streaming for exploration and drilling.

register:WEBCAST


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected