No ‘major' impact from downed LNG train: Atlantic
Kingston, 9 August (Argus) — Trinidad and Tobago LNG producer Atlantic says it does not expect any "major" impact to its scheduled export cargoes from the continued shutdown of one of its four trains.
Train 3 was shut down following a 2 August hydrocarbon leak. The 3.3mn t/yr unit remains off line while undergoing repairs and will resume operations "soon", Atlantic said.
The 14.8mn t/yr four-train complex was fully suspended following the leak, but three trains were reactivated on 3 August.
"Based on the anticipated return to service, Atlantic does not expect any major impact to its scheduled cargoes and continues to work with all its stakeholders in this regard," the company said.
Atlantic´s main shareholders are Shell and BP. Most of the cargoes go to South America, Europe and Asia.
Trinidad's energy ministry is awaiting "details" from Atlantic on restarting Train 3, a ministry official says.
A prolonged shutdown of the train could enable natural gas to be diverted to other units, allowing them to be run more efficiently, the official said.
Atlantic has not commented on possible feed gas diversions.
Atlantic's LNG production declined by 8.6pc to 11.7mn m³ in first half 2017 from the corresponding period of 2016, reflecting a persistent gas shortage.
Gas production has been falling since peaking at 4.1 Bcf/d in 2013, according to energy ministry data. Output in January-June 2017 was 3.2 Bcf/d, 6.7pc less than a year earlier. The gas shortage has also suppressed the country's production of ammonia and methanol.
The Atlantic liquefaction complex at Point Fortin on the southwestern coast of Trinidad operated at an average of just over 68pc of capacity last year because of the gas shortage.
Atlantic cut its staff by 7pc this year because of the reduced operations.