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January Atlantic LNG production falls 9% on year

Austin, Texas (Platts)--14 Mar 2017 528 pm EDT/2128 GMT


LNG production at Trinidad-based gas liquefaction complex Atlantic LNG totaled 2.2 million cubic meters in January, down 9% year on year, according to a bulletin released Tuesday by Trinidad and Tobago's Energy Ministry.

Production at the Point Fortin, Trinidad, facility continues to be far short of capacity as a result of curtailments by natural gas producers.

The shortfall, caused by upgrades to gas infrastructure and decreased upstream investment by energy companies, is expected to continue through at least this year, according to industry officials.

January LNG sales and deliveries from Atlantic LNG were 52.0 million MMBtu, down 8% year on year, the ministry said.

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The company's sales and deliveries of NGLs in January totaled 450,401 barrels, up 2% year on year.

The seven gas producers operating in Trinidad and Tobago produced an average 3.3 Bcf/d of gas in January, down 12% year on year. Gas production typically has averaged between 3.8 Bcf/d and 4.1 Bcf/d in recent years.

The country's LNG sector used 1.8 Bcf/d of gas in January, down 8% year on year, according to the report.

Atlantic operates and manages four LNG trains in Point Fortin, with each train owned by a holding company with various stakeholders. The shareholders are BP, BG, Shell LNG, Summer Soca LNG Liquefaction and the National Gas Co. of Trinidad and Tobago.

--Laura Brooks, newsdesk@spglobal.com

--Edited by Keiron Greenhalgh, keiron.greenhalgh@spglobal.com

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