Atlantic LNG, which established its first train in 1999, is owned by a consortium of companies including BP, BG Group, Repsol, Cabot and the National Gas Company of Trinidad and Tobago. Equity members in the expansion project are BG, BP and Repsol.
Shareholders are currently engaged in final rounds of talks with the Trinidad and Tobago government for a Train 4 expansion, which would bring total capacity to 14.4 mmtpa. Atlantic LNG said that the first production of Train 3 LNG was pumped to storage tanks on Monday. A newly commissioned carrier, BP-owned British Trader, which has a 137,000 cubic meter capacity, will take the first full cargo of Train 3 LNG on its maiden voyage.
The expansion trains process approximately 1 billion standard cubic feet of gas per day supplied by BP (62.5 percent) and BG/North Coast Marine Area Partners (37.5 percent) from their respective fields off the east and north coasts of Trinidad. Export markets are Spain and North America. Some 62 percent of the total output of Trains 2 and 3 is committed to the Spanish conventional and power markets. The remaining 38 percent is slated to be sold into the United States market.
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