Page 7 - LatAmOil Week 42 2022
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LatAmOil                                 TRINIDAD & TOBAGO                                         LatAmOil


























                                                   Atlantic LNG saw exports to Europe rise in Q3-2022 (Image: Atlantic LNG)


       Atlantic LNG’s output rises 28% in Q3-2022





                         ATLANTIC LNG, the operator of a natural   winter. Deliveries from Russia, traditionally the
                         gas liquefaction plant in Trinidad and Tobago,   largest single supplier of gas to the European
                         succeeded in raising output by 28% in the third   market, have dropped significantly since the
                         quarter of 2022, even though one of its produc-  outbreak of war in Ukraine earlier this year.
                         tion trains remains shuttered, according to data   Atlantic LNG responded to an inquiry from
                         viewed by Reuters.                   Reuters earlier this week by acknowledging that
                           The news agency said earlier this week that   it was sending more fuel to European customers.
                         it had seen figures from the Ministry of Energy   Exports to Europe went up by around 45% year
                         and Energy Industries (MEEI) showing that the   on year in the third quarter of 2022, the plant
                         plant’s second, third and fourth trains processed   operator said, comparable to the rate of increase
                         1.32bn cubic feet (37.38mn cubic metres) per   since the beginning of the year.
                         day of gas between July and September. In the   “Year to date, 40% of the LNG delivered to
                         previous quarter, by contrast, these trains han-  our Train 2 and 3 LNG off-takers was shipped to
                         dled 1.04 bcf (29.45 mcm) per day of gas.  Europe. This represents roughly a 45% increase
                           Collectively, Trains 2, 3 and 4 were operating   in volumes delivered to Europe over the same
                         at 82.5% of their combined capacity of 1.6 bcf   period last year,” it stated.
                         (45.31 mcm) per day in the third quarter of the   Atlantic LNG has four production trains
                         year, according to the MEEI figures.  with a combined capacity of 14.8mn tonnes per
                           Processing volumes went up partly because   year (tpy). Each of the trains is owned by a sepa-
                         Shell (UK), which is the largest shareholder   rate group of shareholders and sources feedstock
                         in Atlantic LNG, was able to provide larger   from a different set of gas fields. Shell is a key
                         amounts of gas to the plant. However, Atlantic   shareholder in the plant, as it has a 46% stake in
                         LNG was also responding to rising demand   Atlantic LNG’s Train 1, a 57.5% stake in Train
                         for gas among in customers in Europe, where   2, a 57.5% stake in Train 3 and a 51.11% stake
                         buyers are anxious to secure supplies ahead of   in Train 4. Train 1 has been idle since 2020. ™



       Touchstone gearing up to bid for more than



       one onshore block in Trinidad and Tobago






                         PAUL Baay, the president and CEO of Touch-  and Tobago’s onshore and near-shore licensing
                         stone Exploration (Canada), revealed last week   round this year.
                         that his company was looking to bid on more   The company is particularly keen on the
                         than one of the 11 blocks included in Trinidad   onshore blocks, Baay said.



       Week 42   19•October•2022                www. NEWSBASE .com                                              P7
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