NRGBriefs: Atlantic LNG Could Save Venezuela Cos. Money Needed for Export

(Energy Analytics Institute, 28.Mar.2022) — Energy briefs including Touchstone Exploration Inc. (TSX, LSE: TXP) reported its 4Q:21 and YE:21 operating and financial results; and Caracas-based Venezuelan Private Capital Association or Venecápital saying that Venezuelan companies in the eastern region of the OPEC country could look to Trinidad and Tobago’s Atlantic LNG plant to save on investments in Venezuela.

LATIN AMERICA AND THE CARIBBEAN

Trinidad and Tobago

Touchstone Exploration Inc. (TSX, LSE: TXP) reported its 4Q:21 and YE:21 operating and financial results. Avg, crude oil sales in 2021 were 1,342 b/d, down 4% vs 1,392 b/d in 2020 due to natural declines, reflecting strategic capital allocation towards its Ortoire exploration program, the co. said 28 Mar. 2022 in an official stmt. Production from Touchstone’s three development wells drilled in the 4Q:21 came online in the 1Q:22.

Venezuela

— Caracas-based Venezuelan Private Capital Association or Venecápital said that Venezuelan gas companies should look to Trinidad and Tobago’s Atlantic LNG plant to save on investments in Venezuela, implying quicker monetization opportunities. “Given the availability of natural gas liquefaction units in neighboring Trinidad and Tobago, companies extracting gas from Venezuela’s eastern region could save investments needed to export LNG,” Venecápital announced 28 Mar. 2022 on LinkedIn. Atlantic LNG is home to four liquefaction trains which have a combined capacity of 14.8 million tonnes per annum (mtpa) of LNG.

Source: Venezuelan Private Capital Association
Source: Venezuelan Private Capital Association
Source: Venezuelan Private Capital Association

____________________

By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.