Caribbean & Central American - 22 July 2003
In brief: LNG production train
The government of Trinidad & Tobago has approved the construction of a
fourth liquefied natural gas production train at the Atlantic LNG consortium, which comprises BP and BG from the UK and Spanish-owned Repsol-YPF.
Prime Minister Patrick Manning told Parliament that at a final market price of US$3.50 per million British Thermal Units (mbtu), the government's take should be TT$1.02bn (US$174m) annually.