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ISSUES....
Inside, confidential and off the record


Venezuela's - TT gas price

 


Atlantic LNG

The Venezuelan gas is considered vital to sustaining TTs gas-based
industries, including the 14.8mn t/yr Atlantic LNG plant in photo.



 

Trinidad and Tobago has failed to break an impasse with Venezuela over the price it is willing to pay for natural gas. The gas would be delivered from Venezuela's offshore Dragon field to Shell's Hibiscus platform, off northwestern Trinidad and Tobago, from where it would be tied into Trinidad state-run NGC's network. Dragon would initially supply 150mn ft³/d (1.55bn m³/yr), eventually rising to 300mn ft³/d. Trinidadian officials will return to Caracas in two weeks "to attempt to settle the terms of the agreement", the government says. Trinidad and Tobago's gas output has recovered recently, but the Venezuelan gas is considered vital to sustaining its gas-based industries, including the 14.8mn t/yr Atlantic LNG plant.

Argus / Argus Media / June 29 2018



ISSUES.... 07/ 02 / 2018 - Send Us Your Issues

Inside, confidential and off the record

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