Atlantic LNG Archives - Energy Analytics Institute (EAI)

ANALYSIS: Chevron’s Venezuela pivot; doubling down on heavy oil, deferring gas

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 29.Apr.2026, Words: 2,300) — Chevron Corporation’s latest asset swap in Venezuela — exiting gas exposure in favor of heavier oil-weighted positions — is more than an internal portfolio reshuffle. From my vantage point, after years covering Venezuela and wider Latin American […]

Trinidad’s MEEI head Moonilal comments on US OFAC GL50, Venezuelan gas and Atlantic LNG

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 14.Feb.2026, Words: 416) — Issuance of US Office of Foreign Assets Control (OFAC) general license 50 (GL50) is expected to generate a significant boost for cross-border gas initiatives between Venezuela and its neighbor Trinidad and Tobago. “We welcome the US government’s decision […]

EAI brief: Venezuela terminates plans to supply gas to Trinidad and Tobago

BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 15.Dec.2025, Words: 156) — Venezuela has decided to terminate plans to supply natural gas to neighboring Trinidad and Tobago. The administration of Venezuela’s president Nicolás Maduro announced termination of contracts, agreements, and negotiations for the supply of gas to its nearest Caribbean […]

Trinidad’s Atlantic LNG T1 registers 46 months offline, according to MEEI data

(Piero Stewart, Energy Analytics Institute, 25.Dec.2024) — Train 1 of the 4-train Atlantic LNG (ALNG) complex in Trinidad and Tobago has officially been offline now for 46 consecutive months, according to data in the most recent ‘Consolidated Monthly Bulletins’ published by the Ministry of Energy and Energy Industries (MEEI). The […]

Trinidad Inks Gas Deal with Venezuela

(Trinidad and Tobago Ministry of Energy and Energy Industries, 22.Dec.2023) — Historic and unprecedented energy deals for Trinidad and Tobago that provide us with positive outlooks for our future, the Honorable Stuart R. Young, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister […]

New Unitized Commercial Structure for Atlantic LNG

(Office of the Prime Minister of Trinidad and Tobago, 5.Dec.2023) — The government has secured a new unitized commercial structure for Atlantic LNG which allows the National Gas Company of Trinidad and Tobago (NGC) to obtain a greater share in the revenue derived from the sale of LNG on the […]

Trinidad PM Rowley Leads Energy Talks with bp in London

(Office of the Prime Minister of Trinidad and Tobago, 4.Dec.2023) — Prime Minister Dr the Hon. Keith Rowley met with bp’s Interim Chief Executive Officer, Murray Auchincloss at the company’s headquarters in London on 4 Dec. 2023. Minister of Energy and Energy Industries and Minister in the Office of the […]

Rowley: LNG Restructuring Saving T&T

(Trinidad Guardian, 27.Oct.2023) — Prime Minister Dr Keith Rowley yesterday described the signing in early December of the agreements to restructure the shareholding in Atlantic LNG as one of the most significant decisions that the Government has been able to accomplish. And he told the post-Cabinet news conference yesterday at […]

Maduro Says Venezuela, Trinidad Sign Deal to Share Gas Profits

(Bloomberg, 20.Sep.2023) — President Nicolás Maduro said Venezuela and Trinidad and Tobago have signed a profit-sharing agreement to export gas from the PDVSA-owned Dragon offshore project. The project, which was halted in 2020 due to US sanctions, entails using a field in Venezuelan waters to produce natural gas, which would […]

IGU 2023 World LNG Report [PDF Download]

(IGU, 20.Jul.2023) — The International Gas Union (IGU) presented its 14th annual edition of the IGU World LNG report. ____________________

Trinidad/Venezuela Dragon Gas Development Update

(Welligence Energy Analytics, 25.Jan.2023) — The U.S. Department of the Treasury has granted a license to the government of T&T to receive gas from the multi-Tcf offshore Dragon gas field in Venezuela. This decision comes just two months after Chevron received the green light to resume operations in Venezuela and leaves the possibility of […]

Trinidad PM Rowley’s Statement on Chats with Proman, BP & Shell

(Office of the PM of Trinidad and Tobago, 12.Sep.2022) — Ministerial interaction with oil, gas and petrochemical majors (Proman, BP & Shell) based in Europe. Proman – Zurich and Düsseldorf Proman is heavily invested in the oil and gas sector of Trinidad and Tobago in both the upstream and downstream. […]

Atlantic LNG joins International Association of Oil and Gas Producers

(Trinidad and Tobago Newsday, 4.Aug.2022) — Atlantic LNG joined the International Association of Oil and Gas Producers (IOGP), making it the world’s first large-scale LNG producer to join the association in its history. In a release sent to the media on Wednesday, Atlantic LNG said its membership in the association […]

Atlantic CEO: Technology and Hybrid Work Key to Future Energy Sector Productivity

(Atlantic LNG, 14.Jul.2022) — Atlantic CEO Ron Adams has pegged technology and hybrid ways of working as crucial to enhanced productivity and competitiveness in the energy sector workplace of the future. Speaking yesterday (July 13) at the “C-Suite Conversations: The Future of Work” conference hosted by the Human Resource Management Association of Trinidad and […]

NRGBriefs: OFAC on LPG Exports to Venezuela; Nothing Yet on Atlantic LNG

(Energy Analytics Institute, 7.Jul.2022) — Energy briefs including the US Office of Foreign Assets Control (OFAC) authorizing certain transactions involving the exportation or reexportation of liquefied petroleum gas (LPG) to Venezuela; and the government of Trinidad and Tobago yet to announce details of partnership restructuring related to Atlantic LNG. LATIN […]

Peru Streaks Ahead in LNG Race to Europe as Trinidad Stumbles

(Reuters, 31.May.2022) — As liquefied natural gas (LNG) producers try to take advantage of a global energy shift triggered by Europe’s move to become independent from Russian gas, Latin America’s only two LNG exporters are moving in opposite directions. In Peru, LNG shipments are ramping up fast with special emphasis […]

bpTT targets “Small Pool” Gas Opportunities

(bpTT, 26.May.2022) — bpTT announced the return of the Joe Douglas Jack Up rig which will arrive in Trinidad in September 2022 and begin drilling operations in the fourth quarter. The first phase of the drilling programme will involve development drilling of small pools; three wells in the Mango field […]

NRGBriefs: The Vennie-Trini Gas Dilemma; TotalEnergies’ 1Q:22 Results

(Energy Analytics Institute, 28.Apr.2022) — Energy briefs including Venezuela’s inability to develop its gas sector presenting a massive opportunity for neighboring Trinidad and Tobago with its already well-established gas economy and massive four-train Atlantic LNG export complex; Paris-based TotalEnergies reporting 1Q:22 financial results; and Spanish oil giant Repsol reporting production […]

Atlantic LNG Records 4500th LNG Cargo

(Atlantic LNG, 8.Apr.2022) — Almost 23 years after delivering its first cargo, LNG production company Atlantic completed loading its 4500th cargo on 8 Apr. 2022 onto the vessel Cool Discoverer at the #2 Jetty at its Point Fortin Facility. Atlantic Chief Executive Officer Ron Adams praised the achievement as testimony […]

Shell Trinidad and Tobago Delivers First Gas from Colibri Project

(Shell Trinidad and Tobago, 31.Mar.2022) — Shell Trinidad and Tobago (through BG International, a subsidiary of Shell plc), announces that production has started on Block 22 and NCMA-4 in the North Coast Marine Area (NCMA) in Trinidad and Tobago. The start-up of Colibri follows the amendment to the Block 6 Production Sharing Contract […]

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 […]

Secret Deal: TT Govt Agrees Atlantic LNG Train 1 is Dead

(Trinidad Guardian, 23.Feb.2022) — The Keith Rowley administration has quietly walked away from any hope of salvaging Atlantic LNG Train 1 and has instead signed an agreement with Royal Dutch Shell, the National Gas Company and bpTT to unitise trains two, three and four into a single train. The government […]

Can Trinidad and Tobago Pivot to Survive Evolving Natural Gas and LNG Markets?

(TT Geological Society, 20.Jan.2022) — Natural gas and by extension liquefied natural gas (LNG) have become forerunners in the hydrocarbon industry. The reputation of being a cheap, clean and an abundant fuel source more environmentally friendly than oil and coal has made it quite attractive amid renewable energy alternatives that […]

White & Case Advises Trinidad on Atlantic LNG Heads of Agreement Deal

(White & Case, 27.Jan.2022) — Global law firm White & Case LLP has advised the Government of the Republic of Trinidad and Tobago, acting through the Ministry of Energy and Energy Industries, on a Heads of Agreement (“HOA”) for the restructuring of Atlantic LNG, one of largest exporters of LNG […]

Trinidad To Offer Onshore, Shallow-water Blocks In 2022

(Reuters, 8.Dec.2021) — Trinidad and Tobago next year plans to launch bidding rounds for onshore and shallow-water areas on top of last week’s launch of an auction of 17 deepwater oil and gas blocks, the nation’s energy minister told Reuters. The Caribbean country, which is among the region’s top producers […]

Young: Trinidad Can Benefit From High Oil, Gas Prices

(Trinidad and Tobago Newsday, 27.Sep.2021) — Energy Minister Stuart Young expressed optimism on Monday that Trinidad and Tobago could benefit from the high energy prices of recent times. Young made this comment in response to rising natural gas prices in the United Kingdom. A September 18 report in the UK […]

Understanding The NGC Debacle: 10 Things To Know

(Loop News, 22.Sep.2021) — What is all the talk of the scandal surrounding the National Gas Company of T&T (NGC) really about? It can sometimes be hard to understand as many of us can get confused when we hear politicians talk about upstream (oil and gas exploration companies) and the […]

Atlantic LNG In Make-or-break Talks

(Argus, 8.Sep.2021) — Trinidad and Tobago’s beleaguered LNG producer Atlantic is working with the government on a restructuring to ensure its commercial viability, major shareholders Shell and BP told Argus. The 14.8mn t/yr Atlantic complex at Point Fortin is beset by a chronic feedstock shortage that led to the mothballing […]

Should NGC Buy Train 1?

(Trinidad Express, 10.Aug.2021) — In its 2021 annual report, the T&T Government’s investment holdings company, National Enterprises Ltd (NEL) states that “the full impairment of the Train 1 plant at Atlantic LNG” resulted in the fair value of NEL’s shareholding in Train 1 being written down from the value of […]

LatAm Briefs: Train 1 Mothballing, CVP Appointments

(Energy Analytics Institute, 28.Jul.2021) — Energy briefs from the Latin America and Caribbean region including: rising Brazilian imports of US LNG, Ecopetrol’s electric vehicles fleet, Hess reports 2Q:21 results, Trinidad ponders mothballing Atlantic LNG’s Train 1, new appointments at CVP in Venezuela, and more. Brazil — Brazil’s imports of US […]

MEEI Minister Delivers Address At Atlantic LNG Event

(MEEI, 27.Jul.2021) — The Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister The Honourable Stuart R. Young M.P delivered the feature address at the opening of Atlantic LNG’s 9th Process Safety Week 2021 virtually from the International Waterfront Complex Office of the Ministry […]

BP: No Gas For Train 1

(Trinidad Express, 19.Jul.2021) — Energy major BP said there is no “ongoing fight” between itself and the minority shareholder of Atlantic, Royal Dutch Shell. In a statement issued late yesterday, responding to an Express story, the London-based energy company said it has been working closely with the other Atlantic LNG […]

Trinidad’s MEEI Reflects On Atlantic LNG Train 1

(MEEI, 17.Jul.2021) — The Government has been in discussions with all of the shareholders of Atlantic LNG for months with respect to the future of Atlantic LNG. These discussions are ongoing and at a very sensitive stage. The Government and the National Gas Company of Trinidad and Tobago (NGC) have […]

Atlantic LNG Gets New CEO

(Atlantic LNG, 1.Jun.2021) — LNG producer Atlantic will transition to a new Chief Executive Officer, effective August 1. Incumbent CEO Dr. Philip Mshelbila will return to his parent company, Shell, after a successful 3-year term at Atlantic. Over the next two months, Dr. Mshelbila will oversee the transition to incoming […]

Atlantic LNG’s Future Still Being Discussed

(Trinidad Guardian, 13.May.2021) — The future of Atlantic LNG’s operations and, more specifically, the status of Train 1 is still being discussed by stakeholders. This even though the National Gas Company of T&T Ltd (NGC) has already spent tens of million of dollars to restart the Train 1 plant. Minister […]

Atlantic Mourns Passing Of Minister Khan

(Atlantic LNG, 19.Apr.2021) — LNG production company Atlantic expresses heartfelt condolences on the passing of Senator the Honourable Franklin Khan, Minister of Energy and Energy Industries. We join the national community and our energy sector colleagues in lauding Senator Khan’s distinguished career and many years of dedicated service both locally […]

Trinidad: Natural Gas Sales Down 21%

(Trinidad Guardian, 16.Apr.2021) — Natural gas sales in T&T declined by a whopping 21 per cent from February 2020 to February 2021. According to figures from the Minister of Energy, natural gas sales continued to fall and averaged 2.646 billion cubic feet per day (bcf/d) in February 2021. Natural gas […]

Trinidad’s LNG Output To Drop More On Gas Deficit

(Argus, 8.Dec.2020) — Trinidad and Tobago’s faltering LNG production will decline further in 2021 when 20pc of Atlantic’s liquefaction capacity undergoes an indefinite turnaround because of a natural gas shortage. Atlantic’s 3mn t/yr Train 1 will not be completely shut down in January, but the turnaround will put it “in […]

Trinidad’s Energy Chamber Launches LCMS

(Energy Chamber, 9.Sep.2020) — The Energy Chamber of Trinidad and Tobago announces the launch of its Local Content Management System. The launch of the system took place in a virtual event on 9 September 2020. In attendance were over 300 representatives from the Upstream, Downstream and Energy Service contractors and […]

Trinidad-Venezuela Ties Omit Natural Gas For Now

(Argus, 29.May.2020) — Trinidad and Tobago declared explicit support for Venezuela’s US-sanctioned government this week, but the political ties will not revive natural gas cooperation in the near term because industrial demand has crumbled. Venezuela’s vast untapped offshore gas deposits and cross-border fields have long been seen as vital to […]

Fact Box: Atlantic LNG Trains

(Atlantic LNG, 10.Feb.2020) — Over our years of expansion, between 1999 – 2005, we first tripled the capacity of Train 1 with Trains 2 and 3, and then nearly doubled Train 1’s capacity with the construction of Train 4. The facility’s full capacity is 15 million tonnes per annum (mtpa) […]

Trinidad’s Atlantic Resumes LNG Production

(Argus, 21.Jun.2019) — Trinidad and Tobago’s LNG producer Atlantic resumed operations today at its four-train 14.8mn t/yr liquefaction facility after a five-day shutdown caused by a power cut. The trains are being re-fired “progressively” and will eventually be brought up to full capacity, Atlantic told Argus, without indicating when optimum […]

Trinidad, BP, Shell To Restructure Atlantic LNG

(Argus, 3.Jun.2019) — Trinidad and Tobago agreed with BP and Shell to discuss restructuring Atlantic LNG to try to forestall the shutdown of Train 1, which represents 20pc of capacity. BP and Shell are the Caribbean country’s leading natural gas producers and top shareholders in the 14.8mn t/yr Atlantic liquefaction […]

Trinidad Energy Sector Outlook 2019

BP Gives Go-ahead For Pair Of Trinidad Projects

Carolyn Wants Details on Dragon Gas Deal

(Trinidad and Tobago Newsday, Sean Douglas, 28.Aug.2018) — Four questions have been posed by Congress of the People leader and former energy minister Carolyn Seepersad-Bachan over the Dragon gas deal signed on Saturday between the leaders of TT and Venezuela. “Whereas the government may not be able to publicly state […]

MEEI Updates on Status of Trinidad Energy Infrastructure

(MEEI, 24.Aug.2018) — The Ministry of Energy and Energy Industries (MEEI) has been monitoring the impacts of the 6.9 magnitude earthquake which occurred on Tuesday 21st August, 2018 at 5:31 p.m. that reportedly caused some property damage across the country. Reports from the energy sector companies have, so far, indicated […]

The Gas Supply Challenge: Falling Off Mt Trinidad

T&T Energy Ministry Supports Expansion into Guyana

(Piero Stewart, Special for Energy Now, 1.Jun.2015) – Trinidad and Tobago will seek to capitalise on energy projects in the region as part of broader push outside of the country’s borders, and especially into Guyana, which has recently announced a significant offshore oil discovery. Oil field service companies from Trinidad […]