Atlantic LNG
Encyclopedia
The Atlantic LNG Company of Trinidad and Tobago is a liquefied natural gas
Liquefied natural gas
Liquefied natural gas or LNG is natural gas that has been converted temporarily to liquid form for ease of storage or transport....

 (LNG) producing company operating a liquefied natural gas plant in Point Fortin
Point Fortin
Point Fortin, the smallest Borough in Trinidad and Tobago, is located in southwestern Trinidad, about southwest of San Fernando. After the discovery of petroleum in the area in 1906 the town grew into a major oil-producing centre. The town grew with the oil industry between the 1940s and 1980s,...

, Trinidad and Tobago
Trinidad and Tobago
Trinidad and Tobago officially the Republic of Trinidad and Tobago is an archipelagic state in the southern Caribbean, lying just off the coast of northeastern Venezuela and south of Grenada in the Lesser Antilles...

. Atlantic LNG operates four liquefaction units (trains
LNG train
An LNG train is the term used to describe the liquefaction and purification facilities in a liquefied natural gas plant.In order to make it practical and commercially viable to transport natural gas from one country to another, its volume has to be greatly reduced...

). Train 4, with a 5.2 million metric tonnes per annum (mtpa) production capacity, is among the world's largest LNG trains in operation.

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
National Gas Company of Trinidad and Tobago
The National Gas Company of Trinidad and Tobago Limited is a state-owned natural gas company. It was created by the Government of Trinidad and Tobago in 1975. NGC is operating in the field of gas pipelines, industrial sites, gas production, port and marine infrastructure, natural gas liquids and...

, Amoco
Amoco
Amoco Corporation, originally Standard Oil Company , was a global chemical and oil company, founded in 1889 around a refinery located in Whiting, Indiana, United States....

 and British Gas plc
British Gas plc
British Gas plc was formerly the monopoly gas supplier and is a private sector in the United Kingdom.- History :In the early 1900s the gas market in the United Kingdom was mainly run by county councils and small private firms...

 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 1999. 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. A feasibility study for the fifth train—Train X—is scheduled to be concluded by December 2007.

Technical features

The total production capacity of Atlantic LNG's four trains is around 14.8 million metric tonnes per annum (mmtpa, Tg
Gram
The gram is a metric system unit of mass....

/a
Year
A year is the orbital period of the Earth moving around the Sun. For an observer on Earth, this corresponds to the period it takes the Sun to complete one course throughout the zodiac along the ecliptic....

). 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). 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 coast of Trinidad through the NGC-Trinidad-and-Tobago-owned 36 inches (914.4 mm) 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 24 inches (609.6 mm) 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.

Shareholders

Atlantic LNG is owned by the National Gas Company of Trinidad and Tobago
National Gas Company of Trinidad and Tobago
The National Gas Company of Trinidad and Tobago Limited is a state-owned natural gas company. It was created by the Government of Trinidad and Tobago in 1975. NGC is operating in the field of gas pipelines, industrial sites, gas production, port and marine infrastructure, natural gas liquids and...

 (NGC Trinidad and Tobago) and local subsidiaries of BP
BP
BP p.l.c. is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas "supermajors"...

, BG Group
BG Group
BG Group plc is a global oil and gas company headquartered in Reading, United Kingdom. It has operations in 25 countries across Africa, Asia, Australasia, Europe, North America and South America and produces around 680,000 barrels of oil equivalent per day. It has a major Liquefied Natural Gas ...

, Repsol YPF
Repsol YPF
Repsol YPF, S.A. is an integrated Spanish oil and gas company with operations in 29 countries...

 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%)


In August 2007, the Vedomosti
Vedomosti
Vedomosti is a Russian language business daily. It is a joint venture between Dow Jones, the Financial Times and Sanoma, publishers of The Moscow Times....

 newspaper reported, that BP has invited Russia's Gazprom
Gazprom
Open Joint Stock Company Gazprom is the largest extractor of natural gas in the world and the largest Russian company. Its headquarters are in Cheryomushki District, South-Western Administrative Okrug, Moscow...

to take a stake in Atlantic LNG.
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