6th December, 2022

It is a privilege to share the floor this morning, as we at The National Gas Company of Trinidad and Tobago Limited (NGC) join the Government and our industry colleagues to announce some highly anticipated good news around our LNG business.

As my colleagues have said, after many months of long hours and intensive work, we the shareholders of Atlantic have agreed on a definitive restructuring arrangement for the facility. The specifics of this arrangement will be shared by the Honourable Minister of Energy and Energy Industries and the Honourable Prime Minister, but I will take this opportunity to express NGC’s satisfaction with being part of this process.

Discussions around the ideal commercial and ownership structure for the Atlantic facility have been protracted, not just because of the complexity of existing arrangements, but because it was imperative that we get it right. We needed to land on an agreement that considered the interests of all stakeholders along the natural gas value chain and although the multi-party process was, at times, arduous, complex and time consuming, I am sure that all shareholders would agree that the eventual outcome augurs well for our shared vision for ALNG to operate at a world class level

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