Minister Ramnarine Commends Atlantic on Historic Milestone of 3000th LNG Cargo
July 10, 2014: Energy Minister, Kevin Ramnarine, today commended Atlantic on the achievement of their milestone, 3000th cargo of Liquefied Natural Gas. This was achieved on July 8th 2014 with the loading of the LNG tanker, “The British Emerald.”
Two months ago, Trinidad and Tobago marked its 15th year as an exporter of Liquefied Natural Gas. Minister Ramnarine also remarked that “the LNG business in Trinidad and Tobago was being conducted in accordance with the highest levels of safety. In the 15 years since exportation commenced, there has been no major safety incident at the Atlantic facility or involving any cargo of LNG”.
The Minister also commended those companies that have supplied the Atlantic facility with Natural Gas for the last 15 years and noted that Trinidad and Tobago is the most reliable supplier of Liquefied Natural Gas in the western world. The Minister added that whereas other LNG exporting countries in the Atlantic basin have had challenges around reliability issues and have had to declare force majeure from time to time, this was not the case with LNG exports from Trinidad and Tobago. Trinidad and Tobago currently exports LNG to some 14 countries with 49% of LNG cargos now bound for South America and 27.5% going to other markets in the Americas.
The Minister added that a very significant commercial arrangement concerning expiration of Train I is expected in 2018. Talks between the Ministry of Energy and Energy Affairs and shareholders of Train 1 are expected to commence shortly as it relates to the renewal of the Train I contract.
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