COMPANY NEWS: Tractebel pulls out of Atlantic LNG project

Tractebel LNG North America LLC has pulled out of the $1.2 billion Atlantic LNG Co. of Trinidad & Tobago's (ALNG) Train 4 expansion project after more than a year of negotiations.Highly placed sources at the company told OGJ last month that Tractebel did not have sufficient value across the LNG chain to warrant the investment and was unable to meet the demands of the Trinidad and Tobago government.In other LNG news, France's Total SA reported signing an agreement with Royal Dutch/Shell Group to acquire a 25% stake in the Altamira LNG regasification terminal project, marking its first involvement with an LNG regasification terminal.The terminal, to be built near Port of Altamira on...

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