Partners in the Atlantic LNG project have agreed to restructure ownership in a move that will see Trinidad & Tobago’s state-owned National Gas Company (NGC) increase its equity across the liquefaction trains and create a single commercial structure.
The restructuring, which took four years of negotiations, saw NGC take shares in all of the facility’s four trains, allowing for a unitised business model and, crucially, opening the door to third party access. Previously NGC had shares in just two of Atlantic LNG’s trains.
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