Trinidad and Tobago government questions Atlantic LNG contracts

10/25/2004
The Trinidad and Tobago government alleges that Atlantic LNG Co. of Trinidad & Tobago has not fully reported its revenues and has denied the country its fair share of taxes.But the consortium denies any wrongdoing. "The partners at Atlantic LNG have always operated within the terms of contractual arrangements, and Atlantic correctly reports on all of its revenues," it said.Trinidad and Tobago Energy Minister Eric Williams told the Parliament that the government would seek to review its contractual arrangements with Atlantic for Trains 1, 2, and 3.Williams said existing contract terms will be renegotiated to "plug loopholes in the contract, which could then allow Trinidad and Tobago to ear...
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