LNG

Trinidad and Tobago, the largest producer of LNG in Latin America and the Caribbean, has seen an increase in government revenue from LNG exports.

This was achieved by selling cargoes at between 15% and 55% above Henry Hub prices, Energy Minister, Stuart Young said yesterday.

This increase follows a contract revamp in late 2023 that set new financial terms for participants in the country's flagship project, Atlantic LNG, after five years of negotiations aimed at securing more revenue and recovering export volumes.

Before the revamp, LNG producers in Trinidad were barely reaching prices close to the Henry Hub for cargoes sold to customers in Europe, Asia and South America.

The country is also pushing producers, especially offshore, to deliver first output from new projects to increase the gas supply to T&T’s Atlantic LNG project. One of the facility's liquefaction trains has remained idled in recent years, due to a lack of gas.

Subscriber content
	This content is available only to subscribers please log in below or subscribe now / request a free trial
	Username Password Remember me Forgot your password? Forgot your username? Create an account