The National Gas Company of Trinidad and Tobago Limited (NGC) has shipped its first two cargoes of Liquefied Natural Gas (LNG) from Atlantic’s Trains 2 and 3 since the commercial restructure of Atlantic in December 2023. The shipments left Atlantic’s facility in Point Fortin on November 26th and December 6th 2024, bound for Italy and Egypt respectively.

Under the new commercial structure of Atlantic, NGC – through its shareholder company, NGC Trinidad and Tobago LNG Limited (NGC LNG) – acquired a 5.7% shareholding interest in Trains 2 and 3 with effect from October 1st 2024, which will further increase to 10% in May 2027 when Train 4 is included under the new commercial arrangement.

From October 1st, based on its expanded equity interest, NGC is entitled to its pro-rata share of the Trains 2 and 3 processing capacity, which could result in approximately six (6) additional LNG cargoes per contract year. These cargoes can bolster the company’s growing energy marketing and trading portfolio and provide additional revenue.

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