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Khan: Shareholders in Atlantic LNG’s
Train 1 seeking new gas suppliers
PROJECTS & SHAREHOLDERS in the first production train allow the facility to be “part of a wider negotia-
COMPANIES of the Atlantic LNG complex in Trinidad and tion among Atlantic’s shareholders to form one
Tobago are still looking for new sources of feed- unitised facility encompassing all four trains,” he
stock ahead of a turnaround programme that is said.
slated to begin next month. The energy minister was referring to state-
Franklin Khan, the island state’s energy ments made earlier this year about Atlantic
minister, said in response to questions from a LNG’s plans to restructure itself so that it could
member of parliament that the shareholders in operate not as a collection of four production
Train 1 were “in some sensitive negotiations” trains, each owned by a separate group of
with upstream natural gas producers. He did shareholders, but as a single unit. The current
not name any potential suppliers or say when arrangement has complicated efforts to ensure
the talks were likely to be finished, but he did tell adequate deliveries of gas to all four trains,
legislators that Train 1 was slated to begin a turn- and Train 1 has not been able to obtain 250mn
around programme in January so that repair and cubic feet (7.08mn cubic metres) per day of
maintenance work could be carried out while the gas, the minimum volume needed to operate
unit was operating below full capacity. efficiently.
“The shareholders have approved the turn- Currently, BP is the unit’s only supplier of gas.
around scheduled in January for the train,” he The UK-based super-major has not been able
stated. to meet its supply obligations this year because
He also stressed that Train 1, which is capable infill drilling operations have been less produc-
of turning out 3mn tonnes per year (tpy) of LNG, tive than anticipated. Khan stressed last week,
would keep some its capacity online during the though, that there were other options for Train 1.
turnaround. These measures will ensure that “BP is saying they have a shortage and they
Train 1 remains “in an operations-ready mode cannot supply,” he remarked. “But BP is not the
for all of 2021 into 2022,” he said. They will also only supplier of gas in Trinidad.”
Cheniere reportedly loads commissioning
cargo from Corpus Christi Train 3
PROJECTS & LEADING US LNG exporter Cheniere Energy Cheniere is proposing another phase of
COMPANIES has reportedly loaded the commissioning cargo expansion at the plant, involving a different
from the third liquefaction train at its Cor- design and seven mid-scale trains with a com-
pus Christi terminal in Texas. Zacks Equity bined capacity of 10mn tpy. Recent comments
Research reported on December 9 that the cargo suggest that a final investment decision (FID) on
was loaded onto the La Mancha Knutsen LNG this new stage has become less of a priority in
tanker, marking the 200th cargo loading on that the short term. Instead, the company is expected
tanker from Corpus Christi LNG. to focus on lining up offtake agreements for
Cheniere said in early November that it had additional LNG it can produce from its existing
begun commissioning the third train at Corpus trains.
Christi, with the unit set to enter commercial Separately, it was reported this week that
service sometime in the first quarter of 2021. The Sabine Pass Liquefaction, a unit of Cheniere
company has brought the in-service date for- Energy Partners, had agreed to sell up to 30
ward, having originally planned to bring Train cargoes to Cheniere Marketing International
3 online in the second half of 2021. in 2021. The cargoes would be priced at a rate
Corpus Christi is the first greenfield LNG equivalent to 115% of Henry Hub natural gas
export terminal to be built in the US, with the futures plus a premium of $0.728 per million
other export facilities to have been built to date British thermal units ($20.14 per 1,000 cubic
involving conversions from existing import metres), Cheniere Energy Partners said in a fil-
capacity. The three trains at Corpus Christi each ing with the US Securities and Exchange Com-
have a capacity of 4.5mn tonnes per year (tpy). mission (SEC).
P14 www. NEWSBASE .com Week 49 11•December•2020
