Atlantic acknowledges the statements made from several industry experts during the first two days (May 31-June 1) of the Energy Conference held at the Hyatt Regency Hotel in Trinidad which echo Atlantic’s analysis about the bright future for LNG. As the world’s cleanest fossil fuel, LNG has long been cited as being critical to the global energy transition and has gained renewed prominence due in part to the ongoing crisis in Ukraine.
Trinidad and Tobago through Atlantic is set to continue playing a key role in providing a reliable supply of LNG to the global market. For 2022, Atlantic has already delivered 51 cargoes, with some 41% shipped to Europe. Despite shortfalls in gas supply, Atlantic is set to exceed the 122 cargoes shipped in 2021, when 21% was delivered to the European market.
Given Atlantic’s over twenty years of LNG operating experience and sunk investment costs, the company possesses a strong competitive advantage over newer LNG facilities in the region. With a renewed corporate strategy focused on increasing the facility’s availability and reliability, Atlantic continues to ensure that its facility is available to process all gas delivered to it. This ensures Trinidad and Tobago maintains its position as a significant player in the global LNG business.
Background
Atlantic is jointly owned by affiliates of Shell, BP, The China Investment Corporation and The National Gas Company of Trinidad and Tobago. The company’s LNG is shipped by its customers to Europe, the United States, South America, Central America, the Far East and the Caribbean.